Regulatory Alerts2024-08-05
Law 6/2023, of March 17, on Securities Markets and Investment Services
The Spanish State enacted Law 6/2023 to replace the previous Securities Market Law, transposing multiple EU directives including MiFID II, Solvency II, and regulations on crypto-assets and distributed ledger technology. The legislation establishes a new regulatory framework for the CNMV, investment firms, trading venues, and market infrastructures while enhancing investor protection and market transparency. It also introduces specific provisions for voting advisors, significant shareholdings, and the digital resilience of financial services.
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