Nota jurídica

Financial Services Spain


The CNMV has publicly announced its intention to promote Fintech initiatives in Spain and has recently launched an open communication channel called “Innovation Portal/Fintech Portal”.

Certain business models which are considered as Fintech may already have a specific regulation in Spain, like the crowdfunding platforms of debt or equity. Other innovative business models, although not expressly regulated, have a security markets focus and/or may require prior CNMV authorization, such as:

(i) Automated advice or automated portfolio management.

(ii) Algorithmic trading.

(iii) Distributed ledger technology.

(iv) Alternative distribution channels applying to securities markets.

(v) Big data.

(vi) Other crowdfunding platforms.

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