Securities Market Annual Report
This report reviews the trends in the securities markets during the reporting year, the changes in the regulatory framework and the measures taken by the CNMV in exercising its powers.
The report is prepared and published in compliance with Article 13 of the Spanish Securities Market Act (Ley del Mercado de Valores), which stipulates that: “Each year, the Spanish National Securities Market Commission shall submit a report on its activities and on the situation of the organised financial markets to the Parliamentary Committee on Economics, Trade and Finance. The Chairman of the Spanish National Securities Market Commission shall appear before the aforementioned Parliamentary Committee to respond to questions on the report as often as the Parliament may so require".