By the National Securities Market Commission, the Bank of Spain, and the Directorate General of Insurance and Pension Funds. Entities domiciled in Spain, branches, and entities providing cross-border services.

• due diligence and transparency obligations
• conflicts of interest
• design and marketing of financial products
• customer information duties (warnings)
• assessment of suitability and appropriateness of customer
• personnel remuneration
• independent advice, incentives
• handling and execution of customer orders
• staff training

• structure and regulatory capital requirements
• impact of corporate transactions on regulatory capita
• assistance in the preparation of recovery plans and resolution of credit institutions and investment firms (esis), and in recovery and resolution processes.

• market abuse: dissemination of privileged information, dissemination of other relevant information, communication of suspicious transactions
• advice on the preparation of financial, non-financial, and corporate information to be submitted to supervisor
• opinions on accounting criteria to be applied by entities

Regulatory advice on capital increases, structural modifications, public takeover bids, IPOs, and listings on the alternative stock market (BME Growth), debt issuances, or securitization funds.

• Advice to financial entities on how to report in pre-contractual documentation provided to investors, in annual reports, and on websites the integration of sustainability risks into their activities ―(EU) Regulation on disclosure of information relating to sustainability in the financial services sector―.
• Advice on compliance with corporate governance regulations, particularly on the Code of Good Governance for listed companies. Integration of sustainability policies in boards of directors and preparation of non-financial information.
• Advice to audit committees.

Application of new technologies in the financial industry, particularly, assistance and submission of projects for sandboxes or test environments provided for in Law 7/2020, on Digital Transformation.

• requests for information, queries, inspections, sanctioning procedures
• communication of significant shareholdings