Unofficial translation provided for information purposes.
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As stated in current regulations, reporting institutions are bound to declare to the Centralized Banking Account Register (FTF, from its initials in Spanish) the opening, cancellation and changes of any current accounts, savings accounts, securities accounts or fixed term deposits, regardless of their commercial name. This communication shall be done on a monthly basis and shall include, in any case, the identification data of the owners, beneficial owners, representatives or authorised persons, as well as any other persons with powers of disposal, and shall include any variation regarding data on those account holders.
Data reports to FTF shall not include information on the accounts and deposits of branches or subsidiaries of Spanish credit institutions abroad.
Banks, savings banks, cooperative banks and branches in Spain of both EU and non-EU foreign credit institutions are due to report relevant information to the FTF.
Data reports must be done according to the specifications provided by the Norma técnica para la presentación de ficheros de transmisión telemática, of 16 December 2015.
Reporting institutions are responsible for the quality, integrity and accuracy of the data declared to the FTF, having to apply the necessary validation procedures at origin. The information contained within the reporting files must fulfil the quality validations defined by Sepblac, for which a quality verification tool is provided by the latter.
In Spanish only. Herramienta 9.0.1
Should any omission or error be noted, Sepblac, notwithstanding any due liability, shall request reporting institutions to immediately provide the data omitted or to revise the wrong data reported.
In order to allow reporting institutions to test the upcoming changes to be implemented in the declaration, derived from the new legislation, a new version of the Quality Verification Tool is made available for testing purposes. It should be noted that the validations included in this test version will not take effect, if applicable, until the start of the declarations to the FTF according to the new legislation.
In Spanish only. Herramienta 10.0.1 Versión para pruebas
Within the first seven days of every calendar month, reporting institutions shall submit to Sepblac a file containing the opening, cancellation and changes to accounts and deposits, as well as to any account holder, registered in the immediately preceding calendar month.
Reporting institutions that at the end of any calendar month have no information to report shall submit to Sepblac, within the first seven days of the following calendar month, a nil monthly report in which this circumstance will be communicated.
In the case of new institutions or foreign credit institutions opening a branch in Spain, the first submission must be done within the first seven days of the calendar month following to its inclusion in the Institutions Register by the Bank of Spain. In case the new institution not have opened any FTF reportable product during the first month, a nil report shall be submitted.
In any case, the following formality aside, reporting institutions shall submit a monthly file referred to the previous month within the first seven days of every calendar month.