Legislation

MAIN LEGISLATION

Regulations on Deposit Guarantee Funds.

• Royal Decree Law 19/2011, of 2 de December, amendig Royal Decree Law 16/2011, of 14 October, establishing the Deposit Guarantee Fund of Credit Institutions.
• Royal Decree Law 16/2011, of 14 October, setting up the Deposit Guarantee Fund of Credit Institutions.
• Royal Decree 628/2010, of 14 May, amending Royal Decree 2606/1996, of 20 December, on legal regime for Deposit Guarantee Funds of Credit Institutions, and Royal Decree 948/2001, of 3 August, on investor-compensation schemes.
• Royal Decree 2606/1996, dated the 20th of December, regarding the Legal Regime for Deposit Guarantee Funds in Credit Entities.
• Circular of the Banco de España 3/2011, of 30 June, on additional contributions to the Deposit Guarantee Funds.
• Circular of the Banco de España 4/2001, of 24 September,on the calculation base for contributions to the Deposit Guarantee Funds.
• Royal Decree Law 2/2011, of 18 February, for the reinforcement of the financial system.
• Royal Decree Law 11/2010, of 8 July, on governing bodies and other aspects of the legal regime of savings banks
• Royal Decree Law 6/2010, dated the 9th of abril, on measures for the promotion of the economic recovery and employment (State Official Gazette of abril 13).
• Royal Decree Law 9/2009, of June 26, on bank restructuring and credit institution equity reinforcement.
• Directive 2009/14/CE of European Parliament and of the Council, of 11 March 2009, amending Directive 94/19/EC on deposit guarantee schemes as regard the coverage level and payout delay.
• Directive 94/19/CE of European Parliamentand of the Council, of 30 May 1994, on deposit guarantee scheme.
• Directive 97/9/CE of European Parliament and Council, of 3 March 1997, on ivestor-compensation schemes.

Nota 1ª: References made to the former Deposit Guarantee Funds (in Banking Institutions, Savings Banks and Credit Cooperatives Banks) whose dissolution was declared by virtue of Royal Decree Law 16/2011, of 14 October, setting up the Deposit Guarantee Fund of Credit Institutions, should be understood as references made to the new Deposit Guarantee Fund of Credit Institutions, and references made to their respective management committees should be understood as references made to the new Management Committee.

Nota 2ª: The derogation of the Ministerial Orders which regulated the annual contributions of the entities adhered to the Deposit Guarantee Fund of Credit Institutions, by virtue of Royal Decree Law 19/2011, of 2 December, amending Royal Decree Law 16/2011, of 14 October, setting up the Deposit Guarantee Fund of Credit Institutions, implies the automatic increase of the aforesaid annual contributions to 2 per thousand, as it is foreseen in Article 3 of Royal Decree 2606/1996, of 20 December, on the legal regime of Deposit Guarantee Funds of Credit Institutions.