In accordance with Article 3(2) of Law 13/1994, the Banco de España holds public consultations on proposed amendments of circulars or aspects related to accounting and financial matters under study, to gather the opinions of all stakeholders.
Once the consultation period has concluded and all the comments have been analysed, the Banco de España launches the regular process for approving circulars or guidelines.
Additionally, as a member of the European System of Central Banks (ESCB), it also participates in the public consultations launched by the European Central Bank (ECB) to gather opinions on certain monetary and financial issues.