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Spain · EU member

Comisión Nacional del Mercado de Valores

CNMV · Securities regulator

80Activity Indexmethodology →

Employees

~490

2024

Annual budget

€65M

2024

Supervised entities

~620

2024

Overview

Spain's securities markets, investment services, and (since MiCA) crypto-asset service provider authority. Supervises Spanish asset managers, investment firms, and listed markets. Banco de España handles banking supervision.

Mandate

Guarantee the transparency, correct price formation, and investor protection of Spanish securities markets.

Regulated sectors

Investment firmsAsset managersCrypto-asset service providersSecurities marketsMarket infrastructure

Leadership

  • Rodrigo BuenaventuraChair · since 2020

Key legislation

  • Ley del Mercado de Valores y de los Servicios de Inversión

    Securities markets

  • MiCA implementation

    CNMV designated as national competent authority

Public registers

Application portals

Recent publications

ComplyBridge Intelligence

What we know from actually filing here.

Avg. approval time

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Approval success rate

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Pending applications

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Responsiveness score

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Avg. response time: 12 days

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Top rejection reasons

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Market-entry difficulty

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Jurisdiction attractiveness

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Blurred values are illustrative until we've captured enough submissions to publish real numbers for this authority. Real data ships once volume is statistically meaningful and always with sample size disclosed.

Data last updated: 2026-06-15 · Sources: www.cnmv.es + ComplyBridge researchActivity Index methodology →

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