Regulatory Alerts2015-05-09
Royal Decree 358/2015 of 8 May amending Royal Decree 217/2008 on the legal regime of investment firms and partially amending the Regulation of the Collective Investment Institutions Law
The Spanish Ministry of Economy and Competitiveness issued Royal Decree 358/2015 to transpose Directive 2013/36/EU and update the regulatory framework for investment firms. The decree introduces strict suitability requirements for board members and key personnel, mandating continuous assessment of their professional honorability, knowledge, experience, and governance capacity. It also establishes detailed rules for internal committees, solvency strategies, and supervisory procedures to ensure financial stability and compliance with EU prudential standards.
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