Regulatory Alerts2019-11-08
Resolution of 24 October 2019 by the CNMV modifying Annex I of the Resolution of 16 November 2011 creating and regulating the CNMV Electronic Registry
The Spanish National Securities Market Commission (CNMV) issued a resolution on 24 October 2019 to modify Annex I of its 2011 Resolution establishing the Electronic Registry, incorporating thirteen new standardized electronic submission procedures and eliminating two obsolete ones. These changes align the registry with recent EU regulations, including MiFIR, the Market Abuse Regulation, and the Central Securities Depositories Regulation, as well as Spanish legislative transpositions regarding algorithmic trading, insider information, and payment services. The modifications mandate that specific entities use the CIFRADOC/CNMV service to electronically report transaction data, director operations, internalization activities, and other regulated information to ensure standardization and regulatory compliance.