Regulatory Alerts2019-04-29
Order ECE/482/2019, of April 26, modifying the Order EHA/1718/2010 on banking advertising and the Order EHA/2899/2011 on transparency and client protection
The Spanish Ministry of Economy and Enterprise issues Order ECE/482/2019 to transpose EU Directive 2014/17/EU and implement Law 5/2019 on real estate credit contracts. The order amends previous regulations to extend advertising rules to real estate lenders, mandate representative examples in marketing, and establish minimum knowledge and competence requirements for staff. It also standardizes pre-contractual information sheets, regulates foreign currency loan disclosures, and updates compensation mechanisms for interest rate risk.
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