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Cecabank Report 2018
Our business model
Regulatory agenda
During 2018, the main events in the regulatory framework in 2018, by quarter, were as follows:
National
Q1
•
Royal Decree 62/2018,
of 9 February, which amends the Regulation on the instrumentation of
pension commitments of companies with workers and beneficiaries, approved by Royal Decree
1588/1999, of 15 October, and the Regulation on pension plans funds, approved by Royal
Decree 304/2004, of 20 February.
•
Royal Decree 106/2018,
of 9 March, regulating the State Housing Plan 2018-2021.
•
Bank of Spain Circular 5/2017,
of 22 December, which amends Bank of Spain Circular 5/2012,
of 27 June, to credit institutions and payment service providers, on the transparency of
banking services and responsibility when granting loans.
•
Circular 1/2018, of 12 March, of the CNMV (National Stock Market Commission) on warnings
relating to financial instruments.
•
Bank of Spain Circular 1/2018,
of 31 January, which amends Circular 5/2016, of 27 May, on the
method of calculating contributions from associate institutions to the Deposit Guarantee Fund for
Credit Institutions to ensure they are proportional to their risk profile; and Bank of Spain Circular
8/2015, of 18 December, to branches of credit institutions and credit institutions members of the
Deposit Guarantee Fund of Credit Institutions, on information to determine the calculation base
of the contributions to the Deposit Guarantee Fund of Credit Institutions.
•
Technical Guide 1/2018,
of 27 February, of the National Stock Market Commission (CNMV) on
related-party transaction of CIIs and other operations carried out by SGIICs.
Q2
•
No relevant events.
Q3
•
Royal Decree-Law 5/2018,
of 27 July, on urgent measures to adapt Spanish law to European
Union regulations on data protection.
•
Royal Decree-Law 11/2018,
of 31 August, on the transposition of directives on the protection
of pension commitments with workers, prevention of money laundering and requirements for
entry and residence of third-country nationals and for the amendment of Act 39/2015, of 1
October, of the Common Administrative Procedure of the Public Administrations.
•
Royal Decree-Law 14/2018,
of 28 September, modifying the revised text of the Securities
Market Act and approved by Royal Decree-Law 4/2015, of 23 October.
•
Circular 2/2018, of 12 June, of the CNMV (National Securities Market Commission), which
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