Circular 1/2026 of 21 October

New circular on the Central Credit Register (CIR) that consolidates its entire regime into a single text and repeals Circular 1/2013, which had been amended fourteen times. It incorporates the change made by Order ECM/531/2026 (which reinstated what the Supreme Court had annulled in Order ETD/699/2020): the exemption threshold for individual reporting falls from €3,000 to €1,000.

Key points

• Threshold for individual reporting to the CIR: from €3,000 to €1,000; transitional regime keeping the €3,000 threshold until 1 January 2027.
• The CIR will inform reporting institutions and real estate credit intermediaries monthly of aggregate risks equal to or above €1,000, to improve creditworthiness assessments.
• Submission of certain data modules on the fifth day of the following month is made more flexible.
• Annexes 1 and 2 of Circular 1/2013 (data modules and reporting format) become technical applications.
• Institutions operating under the freedom to provide services: they only report transactions provided in Spain without a permanent establishment in which at least one direct holder is resident in Spain.
• Branches in countries that prevent individual data transmission: a justified declaration is sufficient; the sworn declaration is abolished.
• Advances on pensions or salaries on behalf of public administrations: only reported if they are loans (aligned with Circular 1/2025).
• Communication with the CIR must be electronic for legal persons.

Who is affected

Credit institutions, specialised lending institutions, payment and electronic money institutions (including branches and those operating under the freedom to provide services), real estate credit intermediaries and risk holders.

Deadlines

Published in the BOE (Official State Gazette) on 30 October 2026; enters into force twenty days after publication. The €3,000 threshold applies until 1 January 2027; the €1,000 threshold from 2 January 2027.

Plain-language version

Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.