Regulatory Alerts2021-10-14
Circular 5/2013 of the National Securities Market Commission establishing the models for the annual corporate governance report of listed public limited companies, savings banks, and other entities issuing securities admitted to trading on official securities markets
The Spanish National Securities Market Commission (CNMV) issued Circular 5/2013 to establish standardized models and technical requirements for the annual corporate governance reports of listed public limited companies, savings banks, and other entities issuing securities on regulated markets. The regulation mandates that these entities submit their reports via the CNMV's Electronic Registry, specifying formats, content structures, and statistical annexes, while allowing for free PDF formats under strict conditions. It also details exemptions for specific sections based on compliance with the Code of Good Governance and repeals previous circulars governing corporate governance reporting.
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