Draft of the new Securities Markets and Investment Services Law
13 September 2022
On 28 June 2022, the Council of Ministers approved the draft of the new Securities Markets and Investment Services Law (the “Draft Law”), the full text of which was published on 12 September 2022. The new regulation, which –once approved by the Spanish Parliament, will replace the Consolidated Text of the Securities Market Law approved by Royal Legislative Decree 4/2015 of 23 October (the “Securities Market Law”)– introduces crucial amendments to the current regulations for issuers, intermediaries and other participants in the securities markets. A team of specialists at Uría Menéndez has prepared this document highlighting the key aspects of the Draft Law.