Spanish structures

Conference report

Implementation of the Markets in Financial Instruments Directive (Mifid) will eliminate sales of so-called 'complex' structured products to retail investors without advice in Spain. That's according to Maria Jose Gomez Yubero, head of supervision at Spanish regulator Comision Nacional del Mercado de Valores (CNMV), who was the keynote speaker at the Structured Products Espana conference in Madrid at the end of February.

"Investment products have to be 'non-complex' according to Mifid," Yubero

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