A PYMNTS Company

Spain: PP and Ciudadanos make plans to split market regulator

By  |  August 30, 2016
Spain: PP and Ciudadanos make plans to split market regulator

Spain’s Partido Popular and recent arrival Ciudadanos, who are likely to form a coalition government to rule the country, signed today an agreement which, among other provisos, proposes the splitting up of the country’s National Commission for Markets and Competition (CNDC), dividing it into two separate entities.

    Get the Full Story

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

    Subscribe 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 document proposes an independent Markets regulator (AIReM), which would take over all the supervision and sectorial regulation duties of the current CNMC (particularly overseeing Energy, Telecomm, broadcasting, transport, postal services and now gambling), as well as handling conflict resolution between economic agents.

    The document also proposes the creation of an independent Consumer and Investor Protection Authority which, with the aid of the National Stock Market Commission (CNMC) should be able to unify and reinforce the ability of its three financial supervisors (for banking, stocks and insurance) to claim payment and recover the trust of savers and customers.

    Full Content: El Diario

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