Key data
| Regulation | Resolution of July 23, 2026, from the Bank of Spain, publishing the deregistration from the Credit Entities Register of UBS AG, Branch in Spain |
|---|---|
| BOE Publication | August 5, 2026 |
| Effective date (deregistration effective) | July 17, 2026 |
| Affected entity | UBS AG, Branch in Spain — Tax ID A81956856 — Registration code 1460 |
| Legal basis | Article 15.3 of Law 10/2014 on the organization, supervision and solvency of credit entities |
| Category | Business Regulation — Banking and Credit Entities |
| Year | 2026 |
If your company or your clients' companies maintained financial relationships with UBS AG, Branch in Spain, you must act: the entity has ceased to exist as an authorized banking branch in Spanish territory since July 17, 2026. The Bank of Spain Resolution of July 23, 2026, published in the BOE on August 5, formalizes the deregistration after accepting the entity's voluntary withdrawal and revoking its authorization to operate as a branch of an extra-EU credit entity.
This is not a regulatory intervention or a financial crisis: UBS AG voluntarily requested the closure of its Spanish branch. However, the operational consequences for clients and counterparties are immediate and require verification.
What does this regulation establish?
The Bank of Spain resolution formalizes three specific legal acts:
- Acceptance of voluntary withdrawal submitted by UBS AG for the closure of its branch in Spain.
- Revocation of authorization to operate as a branch of an extra-EU credit entity in Spanish territory.
- Deregistration from the official Credit Entities Register of the Bank of Spain, effective July 17, 2026.
The publication is made in compliance with Article 15.3 of Law 10/2014, on the organization, supervision and solvency of credit entities, which requires the Bank of Spain to publish in the BOE any modification to the register of authorized entities.
| Registration data | Value |
|---|---|
| Name | UBS AG, Branch in Spain |
| Tax ID | A81956856 |
| Bank of Spain registration code | 1460 |
| Entity type | Branch of an extra-EU credit entity |
| Effective deregistration date | July 17, 2026 |
| Resolution date | July 23, 2026 |
| BOE publication date | August 5, 2026 |
| Legal basis | Art. 15.3 Law 10/2014 |
Economic and operational impact
The deregistration has direct consequences for the operations of any company or entity that maintained relationships with UBS AG Branch in Spain:
- Deposit taking: the branch can no longer accept or maintain deposits under this legal structure in Spain from July 17, 2026.
- Regulated banking services: any service requiring authorization as a credit entity in Spain can no longer be provided under this Tax ID and registration code.
- Existing contracts: contracts signed with UBS AG Branch in Spain (code 1460) must be reviewed to determine whether the counterparty remains valid or whether novation or reassignment to another UBS group entity authorized in the EU is necessary.
- Guarantees and endorsements: any bank guarantee, endorsement or financial instrument issued by this branch must be verified with the UBS group to confirm its validity and the responsible entity.
Given that the closure is voluntary and the UBS group continues to operate in the EU, it is most likely that financial relationships can continue through other group entities with EU authorization. However, this must be confirmed contract by contract.
Who does it affect?
- Corporate clients who maintained accounts, deposits or credit lines with UBS AG Branch in Spain (Tax ID A81956856).
- Financial counterparties with derivative contracts, repos or other instruments signed under this entity.
- Companies with bank guarantees or endorsements issued by the Spanish branch of UBS AG.
- Financial advisors and wealth managers who channeled operations through this branch for their clients.
- CFOs and financial directors of companies that had UBS AG Branch in Spain as custodian bank, financier or counterparty in treasury operations.
- Law firms and legal advisors managing financial contracts with this entity as a party.
Practical example
A Spanish industrial company maintains a revolving credit line signed with UBS AG, Branch in Spain (code 1460, Tax ID A81956856) and a bank guarantee issued by the same entity to a German supplier.
From July 17, 2026, this branch no longer appears in the official Bank of Spain register as an authorized credit entity. The company's financial director must:
- Contact UBS AG to identify which group entity (with EU authorization) assumes the contractual position of the Spanish branch.
- Review whether the credit line contract includes clauses for change of creditor or subjective novation, and whether it requires debtor consent.
- Notify the German supplier that the guarantee was issued by an entity that no longer operates as a branch in Spain, and obtain confirmation that the guarantee remains valid under the new group structure.
This process does not necessarily imply loss of financial relationships, but it does require documentary verification and possibly the signing of amendments or contractual novations.
What should companies do now?
- Identify all active contracts with UBS AG, Branch in Spain (Tax ID A81956856, code 1460): credit lines, deposits, guarantees, derivatives, custodies or other financial instruments.
- Contact UBS AG to obtain written confirmation of which group entity assumes each contractual relationship and under what jurisdiction and authorization it operates.
- Review contractual clauses relating to change of counterparty, novation or assignment, to determine whether express consent is required or whether subrogation is automatic.
- Verify the validity of guarantees and endorsements issued by the Spanish branch to third parties (suppliers, clients, public bodies) and obtain confirmation from the replacement entity.
- Update internal records of banking counterparties in financial management and ERP systems, replacing Tax ID A81956856 and code 1460 with the data of the UBS group entity that assumes the position.
- Consult the Bank of Spain's Register of Entities to verify which other UBS group entities are authorized to operate in Spain or in the EU with EU passport.
Frequently asked questions
Since when has UBS AG Branch in Spain ceased to operate?
The deregistration from the Bank of Spain's Credit Entities Register is effective from July 17, 2026. The resolution formalizing it is dated July 23, 2026 and was published in the BOE on August 5, 2026. From July 17, the branch can no longer accept deposits or provide regulated banking services in Spain under Tax ID A81956856 and registration code 1460.
What happens to contracts signed with UBS AG Branch in Spain?
Contracts are not automatically canceled, but the original counterparty (UBS AG Branch in Spain, code 1460) no longer exists as an authorized entity in Spain. It is necessary to contact UBS AG to identify which group entity with EU authorization assumes each contractual relationship. Depending on the contract clauses, a formal novation or amendment may be necessary.
Does the closure of the branch mean that UBS AG has ceased to operate in Europe?
No. The closure affects exclusively UBS AG, Branch in Spain (Tax ID A81956856, code 1460). The UBS group continues to operate in the European Union through other authorized entities. Clients must verify with UBS AG which group entity assumes their financial relationships in Spain.
What law requires the Bank of Spain to publish this deregistration in the BOE?
The publication is made in compliance with Article 15.3 of Law 10/2014, on the organization, supervision and solvency of credit entities. This regulation requires the Bank of Spain to make public in the BOE any modifications to the official register of authorized credit entities, including deregistrations due to voluntary withdrawal.
How can I verify if a banking entity is currently authorized in Spain?
You can consult the official Register of Entities of the Bank of Spain, available on the supervisor's portal. Each entity appears with its name, Tax ID and registration code. UBS AG, Branch in Spain (code 1460) no longer appears as an authorized entity from July 17, 2026.
Official source
View complete regulation at official source
Disclaimer: This article is for informational purposes only and does not constitute legal advice. For specific decisions, consult a qualified professional. Source: https://www.boe.es/diario_boe/txt.php?id=BOE-A-2026-17067