Regulatory Alerts2021-03-15
Agreement of 11 March 2021 of the Council of the National Securities Market Commission on delegation of powers (Correction of errors)
The Spanish National Securities Market Commission (CNMV) issued an agreement on 11 March 2021 delegating specific regulatory and supervisory competencies to its President, Vice President, Executive Committee, and Director General of Markets. The delegation covers critical areas including the admission of securities to regulated markets, public offers, takeover bids, short selling restrictions, and the supervision of market infrastructures such as central counterparties and central securities depositories. This framework streamlines decision-making by assigning routine or urgent powers to executive bodies while reserving significant approvals for the full Council.
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