In this paper, competencies for community psychology practice are examined within the Spanish context, based on the experience of a Master in Psychology of Social and Community Intervention in the University of Seville. The list of competencies was developed specifically for monitoring the practicum of master students, and it was developed in a portfolio format, following the usual pattern in the European accreditation process "EuroPsy," designed by the professional associations of psychology. The portfolio consists of 29 generic professional competencies, grouped in seven blocks: needs specification, evaluation, product development and services, psychological intervention, assessment of psychological interventions, communication, and enabling competencies. At the national level, we analyze the impact that the new system of training and accreditation of psychologists who perform health activities is having on the professional recognition and the role of community psychologists. At the international level, we compare the EuroPsy proposal with the list of 18 competences proposed by Dalton and Wolfe (2012) and approved by the Society for Community Research and Action, APA Division 27. Finally, we discuss the advantages and limitations of a generic model of competency assessment, focused on the professional practice of psychology.