Regulatory Alerts2019-04-29
Royal Decree 309/2019 of 26 April, partially developing Law 5/2019 on real estate credit contracts and adopting other financial measures
The Spanish Ministry of the Presidency issued Royal Decree 309/2019 to partially transpose EU Directive 2014/17/EU and develop Law 5/2019 regarding real estate credit contracts. The decree establishes minimum requirements for independent advisory services, mandates specific information disclosures to borrowers during contract validity, and regulates the registration and governance of real estate lenders. Additionally, it transposes provisions on debt instrument seniority and exempts Spanish credit entities from prior authorization for certain capital instruments to align with EU practices.
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