Regulatory Alerts2025-03-12
Agreement of 5 March 2025 of the Council of the National Securities Market Commission on the Delegation of Competences
The Council of the Spanish National Securities Market Commission (CNMV) issued an agreement on 5 March 2025 delegating specific regulatory competences to the President, Vice President, Executive Committee, and General Directors. The delegation covers primary market activities such as the verification of admission requirements for securities, public offers, and takeover bids, as well as secondary market functions including trading suspensions, short selling restrictions, and transparency exemptions. These powers are distributed among senior officials to streamline administrative procedures while maintaining oversight over critical market infrastructures and compliance matters.
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