Regulatory Alerts2022-03-18
Circular 2/2022 of the Bank of Spain on rules for the submission of payment statistics by payment service providers and payment system operators
The Bank of Spain issued Circular 2/2022 to replace Circular 2/2015, establishing updated rules for payment service providers and payment system operators to submit payment statistics in compliance with ECB Regulation (EU) 1409/2013. The circular defines the scope of reporting agents, mandates the submission of statistical data including fraud-related metrics via telematic means, and specifies quarterly, semi-annual, and annual reporting periodicities. It also grants the Bank of Spain the authority to exempt certain agents from reporting obligations and sets the entry into force date immediately following publication in the Official State Gazette.
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