Regulatory Alerts2020-11-12
Resolution of 26 October 2020 by the Presidency of the National Markets and Competition Commission publishing the Agreement with the National Securities Market Commission regarding the use of the fourth floor of a building in Barcelona
The Presidency of the National Markets and Competition Commission (CNMC) published an agreement with the National Securities Market Commission (CNMV) to establish the conditions for the CNMV's use of the fourth floor of the CNMC's office building in Barcelona. The agreement grants the CNMV temporary use of 856 square meters plus ten parking spaces for eight years, subject to an annual compensation of 264,657.86 euros covering proportional costs and utilities. The CNMV assumes full responsibility for adaptation costs, maintenance, and liability insurance, while the CNMC retains inspection rights and the ability to terminate the agreement in cases of serious breach or if the space is needed for its own operations after four years.
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