Jaime Bofill, Marisa Ruiz, Sara Piñero & Rodrigo Pérez
On 17 March 2023 Spanish Law 6/2023 of 17 March on Securities Markets and Investment Services ("LMVSI") was published in the BOE (Spanish Official Gazette). In this regard, the LMVSI has been approved with all the amendments proposed by the Plenary Session of the Senate, except for the amendments proposed to Article 5.
The LMVSI represents a major step forward for the financial sector in Spain as it has integrated a variety of European regulations, included new forms of distribution of financial instruments, and introduced the necessary adaptations for the application of the Regulation of the European Parliament and of the Council on crypto-asset markets amending Directive (EU) 2019/1937 ("MiCA Regulation").
