A PYMNTS Company

Notes on the Spanish National Markets and Competition Commission

By  |  April 23, 2019

By Sandra Ortiz (Universidad Externado de Colombia)

    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.

    The establishment of a National Commission of Markets and Competition Law (CNMC) by statute 3/2013 aims to ensure fair competition and to regulate all economic activities in the Spanish markets and, by this means, to protect consumers. In order to understand the Commission’s nature, this paper examines the emergence of independent authorities in Spain, as well as the existing trend to design competition and regulatory bodies under identical standards. Although the EU Court of Justices refer to the complementary nature and role of Competition Law as a safety net, the integration in a single entity like the CNMC can ensure legal certainty, investment and an appropriate regulatory framework for Spain.

    Download Full Article: HERE

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