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.

CNMV edificio cartel — CNMV (cnmv.es)

Más en National Regulation

(micheile henderson, Unsplash)

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
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.
(“2022 Data Center”. Jefferson Lab. PDM 1.0, Flickr)

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.
(Tolu Olubode, Unsplash)

4 Sept 2026

Why banking regulation hinders housing construction

National Regulation

The measures -as well-intentioned as they are counterproductive- adopted so far to alleviate the housing problem have failed to boost construction, hindered by banking regulations that heavily penalise promoter credit and construction. What was not done before 2007 was done afterwards, and even today construction remains slow. An article by Carlos Balado and Alberto Alonso.
CNMV. (Zarateman. CC BY 4.0)

31 Jul 2026

The CNMV considers that the financial stability of the Spanish markets is solid, but warns about technological risks

National Regulation

Despite the rise in inflation and the upward revision of interest rate expectations, the level of stress in the financial system remains contained, reflecting the strength of the main financial indicators
(Rainer Knäpper, Free Art License)

21 Jul 2026

CNMV opens public consultation on the project to simplify the semi-annual financial information of securities issuers

National Regulation

The National Securities Market Commission (CNMV) opens a public consultation, for a period of two months, on the project of circular regarding the semi-annual financial reports to be submitted by securities issuers admitted to trading with the aim of rationalising and simplifying them
CNMV (cnmv.es)

13 Jul 2026

The CNMV begins the consultation to simplify the regulations for fund managers and investment services companies

National Regulation

The National Securities Market Commission (CNMV) starts this Monday the public hearing process for a draft circular that modifies four other circulars to simplify certain aspects related to:Obligation...
CNMV. (Zarateman. CC BY 4.0)

10 Jul 2026

The CNMV registers the highest number of complaints in 2025 in 10 years

National Regulation

The complaints were primarily directed against credit entities, particularly banks, compared to investment service companies and other entities.
Carlos San Basilio, pte. CNMV (CNMV)

7 Jul 2026

The new Code of Good Governance will be put out for public consultation before the end of the year

National Regulation

"The idea is that it can come into effect in 2027,” announced Carlos San Basilio, president of the CNMV, at the inauguration of the Corporate Governance Forum and the KPMG Council.
30 Jun 2026

Parity Law: EJE&CON warns of the risk of rushed decisions and lack of talent on boards

National Regulation

EJE&CON, the Spanish Association of Executives and Directors, warns of the dangers posed by the end of the deadline - this June - to implement the Parity Law in the Ibex 35, when it will be necess...

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