Comisión Nacional del Mercado de Valores – Spain

The National Securities Market Commission (CNMV) is the regulatory authority responsible for supervising and inspecting the Spanish securities markets and the entities that participate in them. Established by the Securities Market Law of 1988, the CNMV ensures the transparency, security, and proper functioning of financial markets in Spain.

Key Responsibilities

• Regulatory Oversight: The CNMV supervises the Spanish securities markets, ensuring that all participants comply with the legal framework. This includes oversight of public offerings of securities, financial intermediaries, and collective investment schemes.
• Investor Protection: The CNMV is dedicated to protecting investors by promoting transparency in financial markets and ensuring that financial products are marketed fairly and appropriately.
• Market Integrity: The commission monitors market activities to prevent illegal behaviors such as abuse and manipulation, contributing to the stability and integrity of the financial system.

Strategic Initiatives

The CNMV focuses on adapting to technological advancements and global financial trends to improve its regulatory framework and supervisory mechanisms. This includes enhancing digital platforms and tools to better monitor market activities and interact with entities under its supervision.