Regulatory Alerts2021-11-03
Royal Decree-Law 24/2021, of November 2, on the transposition of European Union directives in the matters of covered bonds, cross-border distribution of collective investment undertakings, open data and reuse of public sector information, exercise of copyright and related rights applicable to certain online transmissions and retransmissions of radio and television programmes, temporary exemptions for certain imports and supplies, of consumer persons and for the promotion of clean and energy-efficient road transport vehicles
The Spanish State issued Royal Decree-Law 24/2021 to urgently transpose seven European Union directives into national law, thereby avoiding significant financial penalties and infringement proceedings initiated by the European Commission. The decree implements comprehensive regulatory frameworks for covered bonds, cross-border distribution of collective investment undertakings, open data reuse, digital copyright exceptions, temporary VAT exemptions for COVID-19, consumer protection, and green public procurement for road transport. These measures address accumulated legislative delays caused by political instability and the pandemic, ensuring Spain's compliance with EU obligations regarding financial stability, digital market integration, and environmental sustainability.