More or less, there are many country-based language academies for Spanish, the first not-from-Spain being the colombian one. RAE now is part of a panhispanic community of Spanish language academies. That's why, for example, there is a "Diccionario panhispánico de dudas". You can read a little more about this at: https://www.rae.es/la-institucion/politica-panhispanica