Financial Services an Investment Funds Legal Update

Written by: Teresa Méndez, Yolanda Azanza, Josefina García Pedroviejo, Manuel Cordeiro Ferreira, Andrea Zubiaga, Gerardo Brun...

Update on the approval of the Listing Act – developments relevant to capital market transactions

15/11/2024

Main amendments to the Prospectus Regulation and the Market Abuse Regulation as well as the date of entry into force...

Written by: José María de Paz, Josefina García Pedroviejo, Yolanda Azanza, Joaquín Ruiz Echauri...

The CNMV’s new Technical Guide on Audit Committees at Public-Interest Entities

04/07/2024

We analyse the main new features introduced by the Guide...

Written by: Teresa Méndez, Yolanda Azanza, Josefina García Pedroviejo, Manuel Cordeiro Ferreira, Andrea Zubiaga, Gerardo Brun...

Approval of the Listing Act – Developments relevant to capital market transactions

26/04/2024

We analyse the main developments introduced by the new legislation, as well as their practical implications...

Year in Review

Year in Review 2023 Financial Services and Investment funds

Written by: Josefina García Pedroviejo, Yolanda Azanza, Javier Ihatsu, Elena Pastor...

31/01/2024

We offer an overview of the regulatory developments approved during 2023, at both European and Spanish level...

Written by: Joaquín Ruiz Echauri, Josefina García Pedroviejo, José Suárez, Yolanda Valdeolivas, Fátima Eizaguirre Carrancio...

Occupational pension plans and funds

18/12/2023

We address the regulatory development of the Law regulating the promotion of occupational pension plans (the "LRPE")...

The Council of the EU adopts the new Consumer Credit Directive

13/10/2023

In this legal briefing, we analyse the most important aspects of this Directive...

A new version of the Draft Royal Decree amending the CIS Regulation has been published

11/10/2023

In this Legal Briefing, we highlight some of the main new features included in this new version of the Draft...

Written by: Adriana de Buerba, Juan Palomino, Josefina García Pedroviejo, Francisco León, Jorge Walser Boserman...

The Council of Ministers approves the creation of the Central Registry of Beneficial Ownership and its regulation

17/07/2023

In this Legal Briefing, we analyse the main new features arising from the creation of the Registry...

Written by: Adriana de Buerba, Juan Palomino, Josefina García Pedroviejo, Francisco León, Jorge Walser Boserman...

The Council of Ministers approves the creation of the Central Registry of Beneficial Ownership and its regulation

17/07/2023

In this Legal Briefing, we analyse the main new features arising from the creation of the Registry...

Published by: Magazine of the Official Spanish Chamber of Commerce in Belgium and Luxembourg

Latest trends in EU Sustainable Finance and the challenge ahead

Written by: Sonsoles Centeno, Josefina García Pedroviejo...

16/06/2023

In 2018, the European Union established the first Sustainable Finance Strategy...

Published by: Magazine of the Official Spanish Chamber of Commerce in Belgium and Luxembourg

Latest trends in EU Sustainable Finance and the challenge ahead

Written by: Sonsoles Centeno, Josefina García Pedroviejo...

16/06/2023

In 2018, the European Union established the first Sustainable Finance Strategy...

The European Commission approves a package of measures to protect retail investors

24/05/2023

In this Legal Briefing, we analyse the package of retail investment measures that were approved by the European Commission on 24 May...

The European Commission approves a package of measures to protect retail investors

24/05/2023

In this Legal Briefing, we analyse the package of retail investment measures that were approved by the European Commission on 24 May...

Book

Securities Market Law

22/05/2023

Written by: José Azqueta, Josefina García Pedroviejo, Yi Zhou, Juan Puertas Jiménez...

Commentary on the Supreme Court’s judgment of 5 April 2023

18/05/2023

This Legal Briefing addresses the recent Supreme Court judgment...

Written by: José Azqueta, Josefina García Pedroviejo, Yi Zhou, Juan Puertas Jiménez...

Commentary on the Supreme Court’s judgment of 5 April 2023

18/05/2023

This Legal Briefing addresses the recent Supreme Court judgment...

The results of the CNMV’s review of the implementation of sustainability regulations by investment funds are published

09/05/2023

In this legal briefing, we analyse the CNMV's main conclusions from its review...

The results of the CNMV’s review of the implementation of sustainability regulations by investment funds are published

09/05/2023

In this legal briefing, we analyse the CNMV's main conclusions from its review...

The CNMV publishes a communication on entities that provide investment services through agents

20/04/2023

In this Legal Briefing, we analyse the most salient aspects of the communication...

The CNMV publishes a communication on entities that provide investment services through agents

20/04/2023

In this Legal Briefing, we analyse the most salient aspects of the communication...

Book

Legal Studies on Sustainability, Climate Change and ESG Criteria in Spain and the EU

01/03/2023

Book

Legal Studies on Sustainability, Climate Change and ESG Criteria in Spain and the EU

01/03/2023

The CNMV publishes a Code of good practice for institutional investors, asset managers and proxy advisors in relation to their duties regarding the assets conferred or the services provided

22/02/2023

This Legal Briefing analyses the key elements of the Code, which represents the CNMV’s alignment with the regulatory trend whereby, in recent years, more than 20 countries, seven of them European, have published this type of code, which are known as...

The CNMV publishes a Code of good practice for institutional investors, asset managers and proxy advisors in relation to their duties regarding the assets conferred or the services provided

22/02/2023

Publication of the CREA and CRECE Law

29/09/2022

This Legal Briefing will analyse the key aspects of the measures contained in the Law...

Publication of the CREA and CRECE Law

29/09/2022

This Legal Briefing will analyse the key aspects of the measures contained in the Law...

Written by: Javier Gómez, Javier Carvajal García-Valdecasas, Josefina García Pedroviejo...

The new Draft Law on Securities Markets and Investment Services begins its passage through parliament

22/09/2022

In this Legal Briefing, we highlight some of the main new features included in the Draft Law on Securities Markets and Investment Services...

Written by: Javier Gómez, Javier Carvajal García-Valdecasas, Josefina García Pedroviejo...

The new Draft Law on Securities Markets and Investment Services begins its passage through parliament

22/09/2022

In this Legal Briefing, we highlight some of the main new features included in the Draft Law on Securities Markets and Investment Services...

Published by: Funds People

Boosting and improving collective investment and venture capital: The Crea y Crece Law

15/09/2022

In July, the draft of the Crea y Crece (Create and Grow) Law was published in the Official Gazette of the Spanish Parliament...

Published by: Funds People

Boosting and improving collective investment and venture capital: The Crea y Crece Law

15/09/2022

In July, the draft of the Crea y Crece (Create and Grow) Law was published in the Official Gazette of the Spanish Parliament...

Green MIFID and Sustainable Finance. New CNMV criteria and clarifications

27/07/2022

At Pérez-Llorca, we have prepared this analysis to facilitate compliance with these new obligations, which come into force on 2 August...

Green MIFID and Sustainable Finance. New CNMV criteria and clarifications

27/07/2022

At Pérez-Llorca, we have prepared this analysis to facilitate compliance with these new obligations, which come into force on 2 August...

Written by: Josefina García Pedroviejo, Andy Ramos Gil de la Haza, José Suárez, Pedro Fernández, Rafael Fernández, Alicia Maddio Medina, Guillermo Meilán, Raquel...

Web3 Legal approach

21/07/2022

In this Legal Briefing, we analyse the first version of the static World Wide Web as well as web 2.0...

Written by: Josefina García Pedroviejo, Andy Ramos Gil de la Haza, José Suárez, Pedro Fernández, Rafael Fernández, Alicia Maddio Medina, Guillermo Meilán, Raquel...

Web3 Legal approach

21/07/2022

In this Legal Briefing, we analyse the first version of the static World Wide Web as well as web 2.0...

The BOE publishes the new CNMV circular on the new models for notification of significant shareholdings, issuer transactions in own shares, and market makers

10/06/2022

We analyse the main amendments included in the Circular 2/2022, dated 26 May, of the National Securities Market Commission...

The BOE publishes the new CNMV circular on the new models for notification of significant shareholdings, issuer transactions in own shares, and market makers

10/06/2022

We analyse the main amendments included in the Circular 2/2022, dated 26 May, of the National Securities Market Commission...

Written by: Josefina García Pedroviejo, Eduardo Arbizu...

The CNMV adopts the EBA Guidelines on Sound Remuneration Policies for ESIs under Directive (EU) 2019/2034

19/05/2022

In this Legal Briefing, we analyse the latest communication from the Spanish National Securities Market Commission...

Written by: Josefina García Pedroviejo, Eduardo Arbizu...

The CNMV adopts the EBA Guidelines on Sound Remuneration Policies for ESIs under Directive (EU) 2019/2034

19/05/2022

In this Legal Briefing, we analyse the latest communication from the Spanish National Securities Market Commission...

New CNMV technical guide for the assessment of suitability

27/04/2022

This Legal Briefing analyse the main aspects of the Technical Guide...

New CNMV technical guide for the assessment of suitability

27/04/2022

This Legal Briefing analyse the main aspects of the Technical Guide...

Spanish and European supervisory authorities issue fresh warnings on the risks of investing in crypto assets

21/03/2022

This Information Briefing analyses the assessments made by the Spanish and European supervisory authorities on the risks for consumers in relation to crypto assets...

Spanish and European supervisory authorities issue fresh warnings on the risks of investing in crypto assets

21/03/2022

This Information Briefing analyses the assessments made by the Spanish and European supervisory authorities on the risks for consumers in relation to crypto assets...

The CNMV submits for consulation new forms for reporting of significant shareholdings, issuer´s transactions in own shares, and market makers

16/03/2022

We analyse in this Legal Briefing the main amendments in the Draft Circular of the CNMV...

The CNMV submits for consulation new forms for reporting of significant shareholdings, issuer´s transactions in own shares, and market makers