Regulatory Alerts2015-07-29
Circular 4/2015 of the Bank of Spain, of July 29, amending Circulars 4/2004, 1/2013, and 5/2012
The Bank of Spain issued Circular 4/2015 to implement technical competencies granted by Royal Decree 579/2014 regarding internationalization bonds and territorial cedulas. The regulation mandates specific minimum accounting records, public disclosure requirements, and reporting formats for credit institutions issuing these securities. Additionally, it updates risk information classifications to include internationalization financing and aligns mortgage rate definitions with European Central Bank statistics.
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