Regulatory Alerts2023-11-09
Royal Decree 813/2023 on the Legal Regime of Investment Service Companies and Other Entities Providing Investment Services
The Spanish Ministry of Economic Affairs and Digital Transformation issued Royal Decree 813/2023 to fully transpose Directive 2019/2034/EU and complete the regulatory framework for investment service firms under Law 6/2023. The decree establishes a new prudential supervision regime that distinguishes between systemic entities subject to banking rules and smaller firms, while introducing stricter capital requirements for financial advisory companies. It further mandates enhanced corporate governance, risk management, and conduct standards to ensure market integrity and client asset protection across the European Union.
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