Legal briefing

Law for the digital transformation of the financial system

16/11/2020

In this new Legal Briefing, we analyse the main aspects of the Law for the digital transformation of the financial system published in the Official State Bulletin (“BOE”).

The Law allows companies to create sandboxes, or controlled testing environments, to enable financial market operators to implement technology-based financial innovation projects, with the involvement of the relevant supervisory authorities. Thus, Spain joins a small group of countries that are launching a pioneering initiative of this kind, which is designed to encourage the implementation of innovative technological solutions in the area of financial services.

In this Legal Briefing we analyse the main aspects of the Law, which we have summarised in this infographic.

The entire content of the Legal Briefing can be found in the PDF.

Pérez-Llorca uses its own and third-party cookies, located in countries whose legislation does not guarantee an adequate level of data protection, to compile statistics on the use of this service. You can accept or reject the use of cookies by clicking on the buttons at the bottom of this banner and obtain more information about the use of cookies and your rights in our cookies policy.