Regulatory Alerts2012-09-28
Circular 6/2012 of the Bank of Spain, amending Circular 4/2004 on financial information standards and financial statement models
The Bank of Spain issued Circular 6/2012 to amend Circular 4/2004, implementing mandatory additional provisioning requirements for real estate-linked assets under Royal Decree-Law 18/2012. The regulation imposes new public and reserved disclosure obligations regarding refinancing, restructuring, and risk concentrations by sector and geography. It also updates financial statement models and internal definitions to enhance transparency and align with European supervisory recommendations.
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