Regulatory Alerts2016-04-30
Circular 2/2016 of the National Securities Market Commission on Accounting Standards, Annual Accounts, Public Financial Statements and Statistical Information Reports of Securitization Funds
The Spanish National Securities Market Commission (CNMV) issued Circular 2/2016 to establish specific accounting standards, annual accounts, and reporting requirements for Securitization Funds under Law 5/2015. The regulation mandates quarterly public financial statements and reserved statistical reports to enhance market transparency and investor protection. It supersedes previous circulars by integrating new legal requirements while maintaining robust accounting principles tailored to the unique legal structure of securitization vehicles.
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