Regulatory Alerts2017-11-07
Circular 2/2017 of the CNMV modifying Circular 2/2011 on information from foreign collective investment institutions
The Spanish National Securities Market Commission (CNMV) issued Circular 2/2017 to amend Circular 2/2011 regarding the reporting obligations for foreign collective investment institutions (CIIs) marketed in Spain. The modification explicitly extends the obligation to submit the A01 statistical statement to non-harmonized foreign CIIs and mandates that all commercializers, whether for harmonized or non-harmonized entities, file this data quarterly. The updated rules require telematic submission within two months of the quarter's end, with the new requirements entering into force on January 1, 2018.
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