The Spanish Securities Commission (CNMV) has published its 2026 Activity Plan, setting out nine priorities delivered through 32 actions and 60 initiatives across investor protection, market development and internal improvement. Key deliverables include preparing a draft new Corporate Governance Code for listed companies for public consultation and rolling out new artificial intelligence tools to support supervisory work and fraud prevention, alongside measures to simplify supervisory processes. On investor protection, the CNMV will review the content and channels it uses to communicate on areas such as cryptoassets, investment recommendations and products marketed as sustainable without being so, with a focus on reaching retail investors and younger audiences. Planned initiatives include guidance on online fraud and the use of AI and on crypto-fraud, a survey on investment-related financial fraud, enhanced monitoring of investment activity on social media, and strengthened supervision of venture capital entities. To support retail market participation, the CNMV will define a new Financial Education Plan covering 2026–2029, while market-competitiveness work includes launching groups to track OECD recommendations and addressing the integration of SIX group clearing activity in Spain. The draft Corporate Governance Code is intended to be submitted to a public consultation. The plan also anticipates 2026 implementation of the CNMV’s supervisory simplification plan, HR initiatives including an internal female leadership programme and a new performance evaluation system, continued delivery of the Helix digital transformation plan (including a data governance policy), and steps to strengthen accountability and international engagement.

Original source View in tracker