Regulatory Alerts2023-03-22
Law 5/2015 of April 27 on the Promotion of Business Financing
The Spanish State enacted Law 5/2015 to enhance access to financing for small and medium-sized enterprises by mandating advance notice for credit reductions and standardizing financial information sharing. The legislation establishes comprehensive regulatory frameworks for financial credit institutions, securitization funds, and crowdfunding platforms to diversify corporate funding sources. Additionally, it strengthens the supervisory powers of the National Securities Market Commission and updates various existing financial and corporate laws to support market efficiency.
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