Consejeros

National Regulation

The CNMV simplifies the obligations to report on treasury shares or share movements in public offers

The issuer of shares will now communicate its final position in own shares that attribute voting rights reaching or crossing, above or below, the thresholds of 3%, 5%, or 10% of the voting rights.

Más en Regulation

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  23 Oct 2026

  The ISSB opens public consultation on new financial disclosure guidelines on nature and biodiversity

  International Regulation

  A 120-day public consultation period is opened to receive feedback from companies, investors, and global regulators.

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  20 Oct 2026

  Awaiting the CSRD, CNMV and ICAC publish a third statement to guide companies on sustainability information

  National Regulation

  The statement indicates that, as it is possible that Spanish legislation may not yet be aligned with European legislation by 31 December 2026, CNMV and ICAC recommend that Spanish entities publish the sustainability report for the 2026 financial year in accordance with the ESRS

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  20 Oct 2026

  First Chair of Financial Regulation in Spain

  National Regulation

  CECA and Comillas ICADE create the first Chair of this nature in Spain to promote academic research on the impact that banking regulation decisions have on the financing of the real economy and on the competitiveness of entities.

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  19 Oct 2026

  China imports more than 1,000 tonnes of gold by August, worth nearly $158.8 billion, surpassing the 886 tonnes imported throughout 2025

  International Regulation

  The demand for gold in China combines strategy and diversification. For the Chinese central bank, it is a physical asset that does not depend on the financial obligations of another government, while for households it has become a savings product in light of difficulties in the real estate market.

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  9 Oct 2026

  Carlos San Basilio, president of the CNMV, appointed new member of the Board of the ESMA

  International Regulation

  San Basilio will replace Carlo Comporti, from the Commissione Nazionale per le Società e la Borsa (Consob), who will leave his position as a Board member to take on his new role as President of the ESMA

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  8 Oct 2026

  The CFTC follows in the footsteps of the SEC and proposes a federal regulatory framework for retail cryptocurrency trading

  International Regulation

  The CFTC and the U.S. Securities and Exchange Commission (SEC) have intensified efforts to establish regulations for cryptocurrencies after the Clarity Act failed to pass the Senate

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  28 Sept 2026

  The CNMV designates the Ibex 35 as a significant benchmark index under the new European regulatory framework

  International Regulation

  ESMA has issued a favourable report on the designation in the context of the BMR reform and following the assessment carried out by the CNMV. The Ibex 35 thus ensures the continuity of an appropriate level of regulation and supervision over the index under this new framework.

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  24 Sept 2026

  Foreign funds that were taxed on Spanish dividends above 1% could recover the excess withholding

  International Regulation

  Investment funds from non-EU CIIs that were taxed above 1% on Spanish dividends could claim the excess from the Tax Agency for the last four years following the CJEU ruling of 17 September.

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  21 Sept 2026

  The regulation of data centres opens a battle between the government and the sector

  National Regulation

  The association of data centres in Spain and companies with investments in the sector respond with a barrage of objections to a proposed royal decree from the government that aims to ensure stricter standards of water and energy efficiency for these facilities.

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  16 Sept 2026

  MiCA Regulation: from legal certainty to competitive advantage

  International Regulation

  On 1 July, the European Regulation on Crypto-Asset Markets (MiCA) came into force, following an 18-month transition period. Since that date, only those crypto-asset service providers authorised by the CNMV or with a valid European MiCA passport can operate in Spain.

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