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The Governing Council of the Bank of Spain has approved amendments to the Internal Regulations originally approved on 28 March 2000. The changes specifically affect the organisational structure and the operation of various control and monitoring committees, amending articles 32, 59, 61, 64, 66, 79, 80 and section 5 of chapter IV of the aforementioned regulations.
The impact on the private sector is limited, as the resolution regulates the internal organisation of the Administration (Bank of Spain). No new obligations are introduced for companies, sole traders, or individuals; rather, the entity's internal management regulatory framework is being updated.
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