The Trade Secrets Law (TSL), transposing into Spanish domestic law Directive (EU) 2016/943, on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure was approved on February 6, 2019, and will enter into force twenty days after its publication in the Official State Gazette.
Royal Decree-Law 21/2018 of December 14, 2018 on urgent measures regarding housing and rental has amended a range of laws taking in the Urban Leasehold Law, the Horizontal Property Law, the Civil Procedure Law, the Local Finances Law and the Transfer and Stamp Tax Law.
Royal Decree-Law 27/2018, of December 28, 2018, adopting certain measures related to tax and the cadaster was published in the Official State Gazette on December 29, 2018, and came into force the day after. The key new items of legislation are summarized below, expressly mentioning the date on which they take effect if it differs from the entry into force date mentioned above.
On December 29, 2018, the Official State Gazette published Law 11/2018, of December 28, 2018 amending the Commercial Code, the revised Capital Companies Law approved by Legislative Royal Decree 1/2010, of July 2, 2010 and Audit Law 22/2015, of July 20, 2015, as regards non-financial information and diversity, which entered into force the day after the date of its publication.
The new regulation clarifies the concepts of inside information and relevant information, gives greater flexibility to issuers as regards the dissemination of inside information and broadens the notifications of transactions carried out by their managers.