Regulatory Alerts2013-07-29
Circular 3/2013 of the Bank of Spain on the reporting of transactions and balances in negotiable securities
The Bank of Spain issued Circular 3/2013 to implement ECB Regulation 1011/2012 by requiring specific financial institutions to report detailed, security-by-security transaction and balance data. The regulation mandates monthly reporting of holdings and transactions for negotiable securities, covering both resident and non-resident entities, to support European statistical monitoring. This circular repeals the previous Circular 2/2001 and entered into force on January 1, 2014, with initial data submissions due in February 2014.
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