CNMV

Markets, Relevant News Item 13th July 2026

CNMV records highest number of complaints in 10 years in 2025

The complaints were primarily directed against credit institutions, in particular banks, as opposed to investment services firms and other entities. Reported by Consejeros Editorial Team The Complaints Service of the National Securities Market Commission (CNMV) recorded the highest volume of complaints in the last 10 years in 2025. According to the annual report published this week, the regulator received 1,398 written submissions and closed 1,273 cases, which, according to the…

In Spain, Markets 29th June 2026

CNMV chairman calls for reforms to takeover law, although “without urgency”

Reported by Consejeros Editorial Team The current Royal Decree of 2007 on Takeover Bids is about to turn 20. According to the chairman of the National Securities Market Commission (CNMV), Carlos San Basilio, the time has come to consider reforming this legislation. Speaking at the 43rd Seminar of the Association of Economic Journalists (APIE) at the Menéndez Pelayo International University (UIMP) in Santander, the executive argued that, whilst regulatory updating…

Spanish economy 26th May 2026

CNMV attempts to bring order to ‘finfluencer’ jungle

The Spanish National Securities Market Commission (CNMV) has reminded financial influencers (‘finfluencers’) that they must be “prudent” when discussing crypto-assets on social media. “You must not use social media to spread false or misleading information about cryptocurrencies. You could be subject to a disciplinary proceeding for market abuse,” notes the newly published guide—‘Finfluencers: How to Act Responsibly’—which aims to help individuals who discuss investment and financial markets understand the implications…

In Spain 11th December 2025

CNMV to halve reporting requirements for listed Spanish companies

The Spanish National Securities Market Commission (CNMV) has presented its ‘Supervisory Actions Simplification Plan,’ which will reduce by up to 50% certain types of information that supervised entities must provide in their periodic reports to the body. The stock market supervisor’s new plan consists of 31 measures, 18 of which are aimed at reducing the documentation required with the goal of simplifying it in a “proportionate” manner, “avoiding duplication,” and…

Spanish economy 13th July 2023

CNMV bans CFD advertising in Spain: over 70% of investors lose money

The CNMV has published its new guidelines for the marketing, distribution or sale of CFDs and other leveraged instruments to retailers, which were approved this week by the CNMV’s Executive Committee. The new measures, which will be published in the BOE in the coming days, include “the prohibition of CFD advertising aimed at retailers or the general public, the sponsorship of events (including sporting events), as well as brand advertising…

Spanish economy 21st June 2023

CNMV prepares to streamline procedures for fixed income issues

Emisores| Article 63 of Law 6/2023 of 17 March on Securities Markets and Investment Services (LMVSI) comes into force on September 18th. With its entry into force, the powers currently exercised by the CNMV (National Securities Market Commission) to verify compliance with the requirements for admission to trading will be transferred to the governing bodies of the markets where admission to trading of non-equity securities (understood as fixed income securities,…

Markets, Spanish economy, Spanish Politics 23rd February 2023

Senate votes today on new Securities Market Law, CNMV also looks at approving Investors Code

F.R. | The plenary session of the Senate is scheduled to debate and vote on the draft Securities Markets and Investment Services Act by urgent procedure. It is expected that the new regulation will be approved without major changes to the text published last September in the Official Gazette of the Spanish Parliament (BOCG). According to the sources consulted, the bill could return to Congress for examination and approval of…

European economy, In Europe 13th February 2023

Helena Viñes to pilot new version of European Platform on Sustainable Finance

F.R. | Helena Viñes, director of the CNMV, is the new Chair of the Platform on Sustainable Finance, the European body that advises the EC on sustainability, including the strategy and also the drafting of specific projects such as the taxonomy. Viñes will lead the new path of a Platform that has reduced its number of members from 57 to 35 in an attempt to improve its efficiency and operability….

Markets, Spanish economy 24th January 2023

CNMV finalises Code of Best Practices for investors, managers, and advisors

F. Rodriguez | The National Securities Market Commission (CNMV in its Spanish initials) has convened for the end of this month the group of experts that has been advising it on the draft of the “Code of best practices for institutional investors, asset managers and proxy advisors in relation to their duties with respect to the assets allocated or the services provided,” whose public consultation period ended on 16 September…

In Europe, Spanish economy 16th June 2017

The Doubtbul Reach Of An Exceptional Move: Spain’s Watchdog Deals With The Short-Sellers

Fernando Rodríguez | The suspension on short-selling in Liberbank, which the CNMV has enforced for a month, has not left stock market players indifferent. Experts, fund managers, traders, analysts and lawyers, traditionally opposed to interference in the workings of the capital markets, are doubtful about the reach of such an exceptional measure. At the same time, they support the usefulness of the short-sellers.

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