Regulatory AlertsRoyal Decree-Law 14/2018 of 28 September modifying the Consolidated Text of the Securities Market Law
The Spanish State issued Royal Decree-Law 14/2018 to complete the transposition of EU Directive 2014/65/EU (MiFID II) into national law, addressing urgent regulatory gaps and pending infringement proceedings by the European Commission. The decree significantly expands the supervisory powers of the National Securities Market Commission (CNMV), introduces strict conduct rules for investment firms, and establishes new frameworks for data providers and cross-border services. These measures aim to enhance investor protection, ensure legal certainty, and align the Spanish financial market with European standards to maintain competitiveness.
Share