Spain’s CNMV Launches Regulatory Simplification Drive to Ease Compliance Burden on Asset Managers
Spain’s securities regulator CNMV launches a regulatory simplification initiative to reduce compliance burdens on asset managers and investment firms. The action aligns with broader European Union efforts to improve regulatory efficiency. The regulator will modify four existing circulars and repeal nine others, focusing on streamlining periodic reporting, internal controls, and prospectus requirements. Public consultation period runs until September 18, 2026.