Regulatory Alerts2018-10-09
Agreement of 27 September 2018 of the CNMV Council on Delegation of Competences
The Spanish National Securities Market Commission (CNMV) issued an agreement on 27 September 2018 to delegate specific regulatory competences to its President, Vice President, and Executive Committee. This delegation covers critical areas including primary market admissions, public offers, short selling restrictions, and transparency exemptions under various EU regulations. The document delineates which powers are exercised jointly by the President and Vice President versus those reserved for the Executive Committee to ensure efficient regulatory oversight.
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