Spain implements Mifid

Victoria Pennington
05 Dec 2007

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

MADRID – On November 29, the Spanish Parliament finally approved the Act that amends the Securities Market Act to implement the EU’s Markets in Financial Instruments Directive and the Level 2 directives.

The approved act is expected to be published in the official gazette this week and will come into force the day after it is published. After publication, investment advice will qualify as a core service reserved exclusively to licensed investment firms and credit institutions.

The new act includes an interim provision giving licensed investment firms six months within which to adapt to the terms of the amended Act. It does not, however, capture non-licensed firms that currently provide investment advice.

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net