The Spanish Securities Commission (CNMV) has published its “CNMV 2030: A supervisor for a new time” plan, presented by its president Carlos San Basilio to the Spanish Congress, setting out nine strategic priorities for the next six years. The strategy groups its objectives around modernising the institution, strengthening investor protection and accountability, and incentivising securities markets, with 20 concrete actions expected to be operational within two to three years. Key measures include stepping up anti-financial fraud work through enhanced investor-facing communications on areas such as cryptoassets and products marketed as sustainable without being so, and creating a single access point for anti-fraud information. The plan also targets greater retail investor participation, including technical support to the General Secretariat of the Treasury on measures to encourage individual investment, alongside initiatives to improve the competitiveness and liquidity of Spanish markets by coordinating work to implement Organisation for Economic Co-operation and Development (OECD) recommendations and supporting green bond issuance and other instruments oriented to the ecological transition and small and medium-sized enterprises. Governance and supervision actions include revising the Corporate Governance Code in line with OECD recommendations and new governance trends, and launching a simplification and European harmonisation plan that reviews CNMV supervisory practices and existing circulars to remove procedures not justified by risk or investor protection and to strengthen proportionality. Operational priorities cover talent and autonomy in human resources, completing digital transformation including a plan to deploy artificial intelligence tools and adopt cloud-based data management, improving public-facing accountability through new communications and redesigned performance indicators, and strengthening CNMV’s international influence by reviewing and expanding cooperation agreements. The CNMV plans to have the 20 actions in place within two to three years and to review the priorities in 2027, updating actions for the second half of the mandate if needed.
Spanish Securities Commission (CNMV) 2025-06-11
Spanish Securities Commission sets nine CNMV 2030 priorities including a Corporate Governance Code review and regulatory simplification
The Spanish Securities Commission (CNMV) unveiled its "CNMV 2030" strategy, outlining nine strategic priorities for the next six years, focusing on modernisation, investor protection, and market incentives. Key initiatives include enhancing anti-fraud communications, boosting retail investor participation, and supporting green bond issuance. The plan also involves revising the Corporate Governance Code, simplifying supervisory practices, and completing digital transformation with AI and cloud tools.