Regulatory Alerts2025-07-16
Circular 3/2025 of the National Securities Market Commission on Statistical Information Requirements for EU Investment Institutions, Venture Capital Entities, and Closed-End Collective Investment Institutions
The Spanish National Securities Market Commission (CNMV) issues Circular 3/2025 to align Spanish statistical reporting with the European Central Bank's Regulation (EU) 2024/1988, replacing previous circulars effective December 1, 2025. The regulation mandates that EU investment institutions, venture capital entities, and closed-end collective investment institutions registered with the CNMV submit detailed statistical data on assets, liabilities, and transactions. It establishes specific submission deadlines, defines size-based exemptions for smaller entities, and outlines penalties for non-compliance with these new reporting obligations.
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