Regulatory Alerts2006-01-16
Circular 4/2005 of the Bank of Spain, of December 23, updating Circular 2/2005 on automated files with personal data managed by the Bank of Spain
The Bank of Spain issued Circular 4/2005 to update its regulatory framework for automated personal data files in response to upcoming operational changes. The circular creates a new file for Risk Information Central case files and modifies the descriptions of the Risk Information Central file and the file for most active appraisers. These updates ensure compliance with data protection laws by defining the purpose, data subjects, and security measures for these specific records.
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