- Name: CNMV (Comisión Nacional del Mercado de Valores)
- Area of responsibility: Spain
- Supervision of the business units: supervising the Spanish financial markets, including the stock exchanges, securities brokers, investment funds, and other financial intermediaries.
- Location: Madrid
- Key People: Sebastián Albella
The CNMV stands for the Comisión Nacional del Mercado de Valores, which is the regulatory body for the Spanish securities markets. The CNMV was established in 1988 and operates under the supervision of the Ministry of Economy and Competitiveness.
The CNMV is responsible for overseeing and supervising the Spanish financial markets, including the stock exchanges, securities brokers, investment funds, and other financial intermediaries. Its primary goal is to ensure the transparency, efficiency, and integrity of the financial markets, and to protect investors from fraud and abuse.
In addition to its regulatory functions, the CNMV also conducts research and provides information to investors and other market participants. It also collaborates with other national and international regulatory bodies to promote cross-border cooperation and regulatory harmonization.
The CNMV can fine and penalize individuals and companies that break securities laws or regulations. Fines can range from minor administrative fines to more severe sanctions, including license suspension or revocation, disqualification from holding positions of responsibility, or prohibition from trading in securities. The CNMV may also impose disciplinary measures such as warnings or conditions. Cases can be referred to the Spanish courts for prosecution, leading to criminal fines, imprisonment, or other penalties.
We rate them on Green.