Regulatory Framework for the Central Registry of Real Estate Ownership in Spain

July 2023
Region: Europe

On 12 July, Royal Decree 609/2023 of 11 July was published in the Official State Gazette (BOE), creating the Central Registry of Real Estate Ownership and approving its regulations (RD 609/2023).

RD 609/2023 addresses the need to implement the third and fourth additional provisions of Law 10/2010, of 28 April, on the prevention of money laundering and terrorist financing (Law 10/2010), which provides for the implementation and development of the aforementioned register, as well as its operation and access, respectively.

It is expected to enter into force on 19 September 2023. Nevertheless, an exception has been made for the authorisation contained in the Third Additional Provision, which will enter into force the day after its publication in the BOE, as well as for access to information relating to beneficial ownership, as provided for in Article 5.3, which is scheduled to enter into force on 19 October 2023.