Financial Regulation

The Financial Regulation team is made up of highly specialized professionals with first-class credentials that allow us to offer integrated, multidisciplinary advice in conjunction with the Corporate and M&A, Tax, Labor and Employment and Privacy practices, among others.

Thanks to our thorough knowledge of the latest criteria applied by financial regulators, we provide advice on financial regulations in Spain to all types of vehicles regulated by the European Central Bank, the Bank of Spain and the Spanish National Securities Market Commission (CNMV). Our advice extends to banking and investment products and services, payment services, digital currency, crypto assets, blockchain financial technology and all types of fintech. We also advise on anti-money laundering matters, conduct of business rules and prudential supervision.

In relation to entities supervised by the Bank of Spain, we provide services to credit institutions, credit financial establishments, payment institutions and digital currency entities, real estate lenders and intermediaries, providers of virtual currency exchange services and custodial digital wallet services. As regards to entities regulated by the CNMV, we advise investment service firms, collective investment schemes and collective investment scheme management companies (SGIIC), closed-ended type collective investment entities (EICC), venture capital entities (ECR), management companies of closed-ended type collective investment entities (SGEIC), and crowdfunding platforms (PFP).

In Latin America, we provide services in all countries in which we operate, offering integral financial regulatory advice. We have experience in dealing with the different entities and authorities in question, including central banks and supervisory bodies of local securities markets.

Our services

• Regulatory advice: CRD, UCITS, AIF, MiFID, PSD, EMIR, PRIIPS, SFDR, MiCA, etc.
• Applications for clearance, creation and registration of regulated vehicles.
• Procedures for acquisition of significant holdings, change of control or structural modifications of regulated entities.
• Plans for resolution of credit institutions.
• Inspections and penalty proceedings brought by the ECB, Bank of Spain, CNMV or the Enforcement Service of the Anti-Money Laundering and Monetary Infringements Commission (SEPBLAC).
• Internal procedures and policies (conflicts of interest, internal codes of conduct, customer services, etc.)
• Procedures for admission of projects to regulatory sandboxes.
• Advice on anti-money laundering and counter-terrorist financing (remediation plans, risk self-assessment, training plans, etc.).