Regulatory Alerts2023-11-10
Royal Decree 814/2023 on Financial Instruments, Admission to Trading, Register of Negotiable Securities and Market Infrastructures
The Spanish Ministry of Economic Affairs and Digital Transformation issued Royal Decree 814/2023 to consolidate and modernize the regulatory framework for financial instruments, market admission, and post-trade infrastructures. This decree transposes EU directives, including MiFID II adjustments, and aligns national law with direct EU regulations on prospectuses and central securities depositories. It simplifies admission requirements for fixed-income securities and removes redundant national obligations to enhance market competitiveness and legal certainty.
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