Regulatory Alerts1999-03-24
Circular 4/1999 of the Bank of Spain, March 24. Approved Valuation Companies and Services. Modification of Circular 3/1998
The Bank of Spain issued Circular 4/1999 to modify reporting requirements for approved valuation companies and services in preparation for the euro. The regulation mandates that statistical information be expressed in euros and updates the rules for civil liability insurance policies. These changes aim to facilitate statistical processing and reflect the experience gained from previous circulars.
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