Regulatory Developments in Spain

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EU Banking and Finance Regulatory Newsletter January - May 2023
Key regulatory developments in Spain

Regulatory Developments in Spain

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May 31, 2023

Source/Date	Brief description
Treasury and International Financing Official State Gazette May 9, 2023	Resolution of May 5, 2023, of the General Secretariat of the Treasury and International Financing, by which Annex 1 included in the Resolution of July 4, 2017, of the General Secretariat of the Treasury and Financial Policy, is updated, by which the principle of financial prudence applicable to the operations of indebtedness and derivatives of the autonomous communities and local entities is defined. Complete reference to the Resolution is available (in Spanish) here.
CNMV April 27, 2023	Information on the situation of Libor Complete reference to the press release is available here.
CNMV April 19, 2023	Information to the industry on firms providing investment services through tied agents Complete reference to the press release is available here.
CNMV April 17, 2023	The CNMV reminds listed companies that they should explain better their alternative performance measures so as not to confuse investors Complete reference to the press release is available here.
Council of Ministers Official State Gazette March 18, 2023	Law 6/2023, of March 17, on Securities Markets and Investment Services. Complete reference to the law is available (in Spanish) here.
Bank of Spain March 17, 2023	Circular 2/2023, of March 17, of the Bank of Spain, which modifies Circular 1/2013, of May 24, on the Risk Information Center Complete reference to the Circular is available (in Spanish) here.
CNMV March 10, 2023	The CNMV adopts guidelines on standard forms and templates to apply for permission to operate a Distributed Ledger Technology (DLT) market infrastructure Complete reference to the press release is available (in Spanish) here.
Bank of Spain March 2, 2023	Circular 1/2023, of February 24, of the Bank of Spain, to credit institutions, branches in Spain of credit institutions authorized in another Member State of the European Union and financial credit establishments, on the information to be sent to the Bank of Spain on guaranteed bonds and other loan utilization instruments, which modifies Circular 4/2017, of November 27, to credit institutions, on public and confidential financial information standards, and models of financial statements, and Circular 4/2019, of November 26, to financial credit establishments, on public and reserved financial information standards, and financial statement models. Complete reference to the Circular is available (in Spanish) here.
Official State Gazette January 19, 2023	Order ETD/37/2023, of January 17, which provides for the creation of State Debt during the year 2023 and January 2024. Complete reference to the Order is available (in Spanish) here.

Source/Date

Brief description

Treasury and International Financing

Official State Gazette

May 9, 2023

Resolution of May 5, 2023, of the General Secretariat of the Treasury and International Financing, by which Annex 1 included in the Resolution of July 4, 2017, of the General Secretariat of the Treasury and Financial Policy, is updated, by which the principle of financial prudence applicable to the operations of indebtedness and derivatives of the autonomous communities and local entities is defined.

Complete reference to the Resolution is available (in Spanish) here.

CNMV

April 27, 2023

Information on the situation of Libor

Complete reference to the press release is available here.

CNMV

April 19, 2023

Information to the industry on firms providing investment services through tied agents

Complete reference to the press release is available here.

CNMV

April 17, 2023

The CNMV reminds listed companies that they should explain better their alternative performance measures so as not to confuse investors

Complete reference to the press release is available here.

Council of Ministers

Official State Gazette

March 18, 2023

Law 6/2023, of March 17, on Securities Markets and Investment Services.

Complete reference to the law is available (in Spanish) here.

Bank of Spain

March 17, 2023

Circular 2/2023, of March 17, of the Bank of Spain, which modifies Circular 1/2013, of May 24, on the Risk Information Center

Complete reference to the Circular is available (in Spanish) here.

CNMV

March 10, 2023

The CNMV adopts guidelines on standard forms and templates to apply for permission to operate a Distributed Ledger Technology (DLT) market infrastructure

Complete reference to the press release is available (in Spanish) here.

Bank of Spain

March 2, 2023

Circular 1/2023, of February 24, of the Bank of Spain, to credit institutions, branches in Spain of credit institutions authorized in another Member State of the European Union and financial credit establishments, on the information to be sent to the Bank of Spain on guaranteed bonds and other loan utilization instruments, which modifies Circular 4/2017, of November 27, to credit institutions, on public and confidential financial information standards, and models of financial statements, and Circular 4/2019, of November 26, to financial credit establishments, on public and reserved financial information standards, and financial statement models.

Complete reference to the Circular is available (in Spanish) here.

Official State Gazette

January 19, 2023

Order ETD/37/2023, of January 17, which provides for the creation of State Debt during the year 2023 and January 2024.

Complete reference to the Order is available (in Spanish) here.