Rule · CNMV · 4 Aug 2021
The Council of the Spanish National Securities Market Commission (CNMV) issued a resolution on 29 July 2021 to amend its Internal Regulations. The amendment formally establishes a new CNMV delegation in Bilbao to improve supervision and interaction with entities in the Basque Country. This change updates the final provision of the regulations to authorize the opening of this additional regional office alongside the existing Barcelona delegation.
I. GENERAL PROVISIONS
NATIONAL SECURITIES MARKET COMMISSION
13384 Resolution of 29 July 2021, of the Council of the National Securities Market Commission, modifying the Internal Regulations of the Commission.
The Internal Regulations of the National Securities Market Commission (CNMV), approved by resolution of its Council on 19 December 2019, establish in paragraph 4 of its Single Final Provision that "The CNMV Council may agree to the opening of other delegations within the national territory with similar functions." With the aim of improving attention and liaison with supervised entities and issuers based in the Basque Country, taking into account their number and size, the CNMV has agreed to open a new delegation in Bilbao.
Accordingly, the CNMV Council, in its session of 29 July 2021, in accordance with Article 20 of the Securities Market Law, Consolidated Text approved by Royal Legislative Decree 4/2015 of 23 October, agrees:
Sole Article. Modification of the Internal Regulations of the National Securities Market Commission.
The Single Final Provision of the Internal Regulations of the National Securities Market Commission, approved by Council Resolution of 19 December 2019, is modified, which shall read as follows:
"I. The CNMV shall have a Delegation in Barcelona.
II. The CNMV shall have a Delegation in Bilbao.
III. The CNMV Council may agree to the opening of other delegations within the national territory with similar functions."
OFFICIAL STATE GAZETTE
No. 186 Thursday 5 August 2021 Sec. I. Page 95932 cve: BOE-A-2021-13384 Verifiable at https://www.boe.es
Single Final Provision. Entry into force.
This modification shall enter into force on the day of its publication in the "Official State Gazette".
Madrid, 29 July 2021.–The President of the National Securities Market Commission, Rodrigo Buenaventura Canino.
OFFICIAL STATE GAZETTE
No. 186 Thursday 5 August 2021 Sec. I. Page 95933 cve: BOE-A-2021-13384 Verifiable at https://www.boe.es https://www.boe.es OFFICIAL STATE GAZETTE D. L.: M-1/1958 - ISSN: 0212-033X
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“The Single Final Provision of the Internal Regulations of the National Securities Market Commission, approved by Council Resolution of 19 December 2019, is modified”
“in accordance with Article 20 of the Securities Market Law, Consolidated Text approved by Royal Legislative Decree 4/2015 of 23 October”
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