Regulatory Alerts2012-05-05
Royal Decree-Law 17/2012 of 4 May on Urgent Environmental Measures
The Spanish State issued Royal Decree-Law 17/2012 to urgently reform environmental legislation, simplifying administrative procedures for nature protection and waste management while enhancing water governance. The decree modifies the Water Law to establish rapid response mechanisms for groundwater risks, clarifies sanctioning powers for hydraulic domain damage, and regulates water rights transfers in the Alto Guadiana region. Additionally, it amends the Securities Market Law to align with EU regulations, enabling the Commission Nacional del Mercado de Valores to supervise and sanction market abuse in greenhouse gas emission auctions.
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