CNMV approves annual action plan on corporate governance for 2013


The CNMV has released an action plan Abre ventana nuevaon corporate governance for 2013, aimed at increasing market transparency, for which changes are charted in the registration system for notifications and their public disclosure.

Starting this year, notifications relating to the directors and managers of listed companies will be disclosed immediately on being filed with the CNMV register, and therefore only notifications of significant shareholders and those relating to transactions with treasury shares by the issuers will be included on the official registers within three days after the date they are made, to allow for prior verification.

The CNMV has stated that its focus this year will be on analyzing, investigating and, if need be, adopting disciplinary measures, in relation to notifications filed late by a particularly long time.


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