Regulatory Alerts2018-06-12
Resolution of 31 May 2018 by the National Securities Market Commission on Delegation of Competences
The Spanish National Securities Market Commission (CNMV) issued this resolution to delegate specific operational competences from the President to other bodies to streamline management. The delegation covers three main areas: the initiation and approval of minor contracts, the authorization of service commissions and travel expense settlements for various staff levels, and the ordering of payments for tax, social security, and auxiliary account transactions. These delegated powers are effective upon publication in the Official State Gazette and any resulting resolutions must explicitly reference this delegation.
Share