Royal Legislative Decree 1/2010 consolidates Spain’s Corporate Enterprises Act, unifying regulations for joint stock and limited liability companies under a single legal framework, replacing prior separate laws.
Spanish Royal Legislative Decree 1/2010 consolidates and establishes the legal framework for capital companies, covering formation, governance, shareholder rights, capital contributions, and administrative rules for limited and public companies.
Unofficial English translation of Spain’s Securities Market Act (Royal Legislative Decree 4/2015) – consolidates legal framework for securities markets, CNMV supervision, investment firms, market abuse, trading rules, and investor protection requirements.
Spanish Securities Market Act – consolidated legislation establishing the regulatory framework for securities markets, including rules on issuance, trading, investment firms, market conduct, supervision, and sanctions under the National Securities Market Commission.
Updated Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation
European Banking Authority letter to EU co-legislators on the 2021 AML/CFT legislative package, highlighting expert recommendations for supervisory cooperation, direct supervision criteria for the new Anti-Money Laundering Authority (AMLA), and consistency across financial crime frameworks.
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today updated their joint supervisory statement on the application of the Sustainable Finance Disclosure Regulation (SFDR). This includes a new timeline, expectations about the explicit quantification of the product disclosures under Article 5 and 6 of the Taxonomy Regulation, and the use of estimates.
BSG own-initiative paper on non-bank lending
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The European Banking Authority (EBA) published today an updated list of institutions, which have a reporting obligation for the purpose of the 2022 EU supervisory benchmarking exercise. The EBA will be conducting the 2022 benchmarking exercise on a sample of 115 banks from 16 countries across the EU and the European Economic Area. The EBA runs this exercise leveraging on established data collection procedures and formats of regular supervisory reporting and assists Competent Authorities in assessing the quality of internal approaches used to calculate risk weighted exposure amounts.
The EBA published today the findings from its assessment of competent authorities’ approaches to the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision of banks. Since the EBA started those reviews in 2019 and strengthened its AML/CFT guidance, national supervisors have started to adopt meaningful reforms to improve their AML/CFT supervision, but the EBA found that significant challenges remain in important areas such as the identification and assessment of money laundering and terrorist financing (ML/TF) risks.
EBA list of institutions for the purpose of supervisory benchmarking (2022 Update) [xlsx]
Report on competent authorities' approaches to AML CFT supervision of banks
EBA Chairperson Jose Manuel Campa’s March 2022 public meeting register detailing discussions with BNP Paribas, EBRD, and Western Union on digital finance, regulatory alignment in Albania and Ukraine, AML enforcement, financial crime, and compliance challenges.