Regulatory Alerts2024-11-13
Royal Decree 1082/2012 approving the Regulation for the development of the Collective Investment Institutions Law 35/2003
The Spanish Ministry of Economy and Competitiveness issued Royal Decree 1082/2012 to approve the implementing regulation for the Collective Investment Institutions Law 35/2003, transposing EU directives including AIFMD and UCITS IV. The regulation establishes updated rules for the cross-border management and marketing of investment funds, harmonizes principal-subordinate fund structures, and introduces stricter requirements for risk management, conflicts of interest, and investor protection. It also modifies tax and procedural provisions to align with European standards and enhances the supervisory powers of the National Securities Market Commission (CNMV).
Share