Regulatory Alerts2012-12-20
Law 11/2012 of 19 December on Urgent Measures in Environmental Matters
The King of Spain enacted Law 11/2012 to urgently reform environmental legislation, aiming to simplify administrative procedures and enhance legal certainty while maintaining environmental protection standards. The law modifies the Water Law and the Natural Heritage and Biodiversity Law to streamline groundwater management, consolidate protected areas, and establish clear sanctioning criteria for hydraulic public domain damages. Additionally, it amends the Securities Market Law to align financial regulations with EU auction rules for greenhouse gas emission rights, ensuring proper supervision and enforcement mechanisms.
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