Regulatory Alerts2024-04-01
Agreement of 22 March 2024 of the National Securities Market Commission on Delegation of Competences
The Spanish National Securities Market Commission (CNMV) issued an agreement on 22 March 2024 delegating specific regulatory competences to its President, Vice President, Executive Committee, and General Directors. The delegation covers primary market activities, including the verification of admission requirements for securities, public offers, and takeover bids, as well as secondary market functions such as trading suspensions and short selling regulations. Additionally, the document assigns powers related to derivatives, market transparency, position limits, and the oversight of market infrastructures to ensure efficient regulatory operations.
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