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The Executive Commission of the Bank of Spain has approved a resolution amending and adding provisions to the Resolution of 4 July 2022, which regulates the uniform conditions for participation in TARGET2-Bank of Spain. This amendment is made in accordance with Article 23 of Law 13/1994 and affects bank clearing operations and transfers within the European monetary system.
For credit institutions participating in TARGET2-Bank of Spain, the regulation introduces changes to participation conditions and bank clearing rules. The impact focuses on the adaptation of administrative and technical procedures for bank payments and transfers within the European monetary system.
The tax team reviews your specific situation.
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