BOE 4 de julio, Real Decreto 579/2014
which develops certain aspects of the law 14/2013 support entrepreneurs and their internationalization, on bonds and covered bonds of internationalization.

In the last BOE was published the Royal Decree 579/2014 which develops certain aspects of the law 14/2013 support entrepreneurs and their internationalization, on bonds and covered bonds of internationalization.

This Royal Decree is divided on 4 chapters, it aims at develop the article 34 of the law 14/2013 about bonds and covered bonds of internationalization which is intended to improve financing conditions for exporting companies or are in the process of internationalization.

The three foundations of the Royal Decree are:

  • The regulation that governs the issues of bonds and covered bonds of internationalization.
  • The provisions that governs the secondary market of bonds and covered bonds of internationalization.
  • The supervisory competence of the Bank of Spain and the National Securities Market Commission.

In respect of the content of the Royal Decree, the Chapter I define the purpose and the Issuers of bonds and covered bonds of internationalization in the secondary market.

Chapter II establishes the related to:

  • The information that should contain the bonds and covered bonds of internationalization.
  • The syndicate of holders of bonds of internationalization.
  • The accounting treatment.

Chapter III is about the transmission and negotiation of bonds and covered bonds of internationalization in the secondary market, and the Chapter IV explains the supervisory competence of the Bank of Spain and the National Securities Market Commission.