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Home > Regulation
Regulation
MAIN RELEVANT REGULATIONS
- Law 24/1988, of 28 July, Securities Exchange Act, modified, among others, by Law 47/2007 of 19 December.
- Royal Decree 217/2008, of 15 February, regarding the legal status of the investment firms.
- Circular 12/2008, of 30 December, from the CNMV, solvency provisions for investments firms.
- Circular 5/2009, of 25 November, from the CNMV, regarding the Annual Report of the Auditor for Client Asset Protection.
- Circular 1/1998, from the CNMV, regarding internal risk control, monitoring and ongoing evaluation systems.
- Law 10/2010, of 28 April, regarding prevention of money laundering and terrorism funding.
- Royal Decree 925/1995, of 9 June, regarding approval of the Regulations to Law 19/1993, of 28 December, concerning specific measures to prevent money laundering.
- Organic Law 15/1999, of 13 December, on the protection of personal data.
- Royal Decree 1720/2007, of 21 December, regarding approval of the Regulations implementing Organic Law 15/1999.
- Ministerial Order ECO/734/2004, of 11 March, regarding Finance Company Customer Support Services and Departments and the Designation of an Ombudsman.
MiFID (Market in Financial Instruments Directive)
The Directive on Financial Instruments (MiFID) has been incorporated in Spanish law through a change in the Securities Exchange Act (Ley 47/2007 de reforma de La Ley del Mercado de Valores). The new regulation impacts:
- Client classification
- Best execution
- Suitability
- Transparency
- Reporting to clients
- Conflicts of interest
Click here to read all procedures that Altura Markets has established to adapt to these requirements.
Altura Markets offers its brokerage services in the main derivatives markets.
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