Spain’s CMNV to Craft Policy Directives Towards High-Risk Products

The CMNV has outlined its new policy directives in 2017, having now extended its scope of compliance.

Spain’s Comisión Nacional Del Mercado de Valores (CMNV) has outlined a series of objectives for 2017, also defining four strategic areas of focus for the next two years, helping foster the group’s regulatory supervision,

The CMNV is Spain’s paramount regulatory authority – the announcement of its new policy objectives represent the group’s bid to help police its domestic markets in a more transparent and overarching way, in essence making it more competitive in the global marketplace.

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Focus on High-Risk Products

This also includes a focus on high-risk products, i.e. foreign exchange, contracts-for-difference (CFDs), and binary options. The regulator’s two pillars of focus will emphasize supervision and promotion of market transparency as well as bolstering the attractiveness and competitiveness of Spanish securities markets.

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One way to accomplish this is to help strengthen financial education and support to investors, two areas that are grounds for improvement. More specifically, the CMNV will help support the publication of technical guides and criteria for market participants.

Furthermore, the CMNV will upgrade its oversight of financial intermediaries, exploring multiple initiatives that ensure more adequate compliance within the existing rules of conduct for the purposes of investors protection.

The entire policy mandate outlined by the CMNV can be read in full by accessing the following link.

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