A PYMNTS Company

Spain: Regulator recommends dropping restrictions on passenger transport

 |  January 26, 2016

Spanish super-regulator CNMC has issued a request to the Council of Ministers, asking for the annulment of several articles contained in Royal Decree 1057/2015, which impose unjustifiable obstacles to the free exercise of competition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Specifically, the agency finds the obligation imposed by the government for all passenger transport vehicles to offer their services only when driving on main roads, among other “specially grievous impediments to competition at a time of accelerated innovation in the sector, which might find itself restrained by these norms. Therefore, they should be struck from the legal framework” stated the regulator.

    The restrictions, the agency declared, work against efficient economic regulation and market unity, as well as lacking any economic justification and preventing effective competition in the passenger transport sector nationwide, thereby lowering overall welfare for consumers.

    Full content: CNMC

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.