Regulatory Alerts2020-03-25
Resolution of 20 March from the National Securities Market Commission on the suspension of administrative deadlines provided for in Royal Decree 463/2020 regarding the state of alarm
The Spanish National Securities Market Commission (CNMV) issued this resolution on 20 March 2020 to define the application of administrative deadline suspensions under Royal Decree 463/2020 during the COVID-19 health crisis. The CNMV declared that supervisory activities and authorization procedures yielding favorable effects for interested parties are indispensable and therefore exempt from suspension to protect the general interest and ensure basic service functioning. Additionally, the Commission delegated authority to its Executive Committee to resolve on the inclusion of other administrative procedures not explicitly covered by this resolution.
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