Spain : IOSCO Objectives and Principles of Securities Regulation: Detailed Assessment Implementation

Publication Date: June 11, 2012
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Summary: This paper assesses implementation of the International Organization of Securities Commissions' (IOSCO) objectives and principles of securities regulation in Spain. Spain exhibits a high level of implementation of principles. The legal framework is robust and provides the ComisiĆ³n Nacional de Valores (CNMV) with broad supervisory, investigative, and enforcement powers. Arrangements for off-site monitoring of regulated entities are robust. However, some areas of supervision and enforcement require strengthening. In particular, the CNMV should make more use of on-site inspections for all types of investment service providers.
Series: Country Report No. 12/143
Subject(s): Financial Sector Assessment Program | Reports on the Observance of Standards and Codes | Securities regulations

Publication Date: June 11, 2012
ISBN/ISSN: 9781475504309/1934-7685 Format: Paper
Stock No: 1ESPEA2012007 Pages: 134
US$18.00 (Academic Rate:
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