The Spanish AI Agency will be responsible for the development, supervision, and monitoring of projects within the framework of the National AI Strategy, as well as the projects promoted by the European Union – in particular those related to the regulatory development of artificial intelligence and its potential uses. Although the specific competences of the Spanish AI Agency have not yet been specified (since the creation of the body must be approved by law), we will keep a close eye on these developments, considering the high penalties foreseen under the AI Regulation and the supervisory powers that could be granted to this new authority.