Bank of Spain removes Open Bank from the official register of credit institutions
26 May 2026Effective: 14 May 2026323 views
Who is affected:
Customers, companies and self-employed individuals with accounts or financial products at Open Bank, SA
Summary
Open Bank, SA is removed from the Register of credit institutions of the Bank of Spain. This marks the end of its activity as an officially recognized credit institution.
Detailed analysis
PRO
The Bank of Spain publishes the deregistration of Open Bank, SA from the official Register of credit institutions, which means that said entity is no longer authorized to operate as a bank under that name and legal structure. This resolution has immediate practical effects for customers who maintain products or service…
PRO exclusive content
Implicaciones prácticas, plazos y recomendaciones específicas para tu sector.
An SL can file its accounts even if capital appears in current liabilities if the articles of incorporation were not registered at year-end. The DGSJFP rules in...
Newly incorporated companies whose registration occurs after the close of the first fiscal year
The DGSJFP confirms that professional societies can only have professional activities in their corporate purpose. A veterinary SLP cannot include insurance inte...
Professional societies (SLP, SAP) wishing to expand their corporate purpose with non-professional activities
The General Directorate resolves an appeal after suspension of an LLC registration for including reserved financial activities. It analyzes whether statutory ex...
Limited liability companies with corporate purpose in financial consulting, patrimonial investment and auxiliary financial services
A company cannot file its accounts if the audit report was prepared after the meeting notice. The DGSJFP confirms that this violates shareholders' right to info...
Joint-stock and limited companies subject to audit that file annual accounts
Anti-money laundering controls are strengthened in notaries, crypto ATMs and digital identification. Administrative procedures are also simplified for listed co...
Financial entities, notaries, listed companies, gaming operators and public administrations
The Ministry of Economy authorizes the merger by which DKV Seguros absorbs Ergo Generales and Unión Médica La Fuencisla, which are dissolved. Customers of these...
Insured parties, policyholders and intermediaries of Ergo Generales and Unión Médica La Fuencisla