Regulatory Alerts2017-05-27
Royal Decree-Law 9/2017 of 26 May transposing EU directives in financial, commercial, and health sectors and on worker displacement
The Spanish State issued Royal Decree-Law 9/2017 to urgently transpose multiple EU directives into national law, thereby avoiding infringement proceedings and financial sanctions initiated by the European Commission. The legislation modifies financial regulations to align with TARGET2-Securities and EMIR requirements, establishes a comprehensive legal framework for damages claims resulting from competition law infringements, and updates health sector standards for the quality, safety, and traceability of human cells and tissues. Additionally, the decree addresses the displacement of workers and other commercial matters to ensure full compliance with European Union obligations.
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