INVESTMENT SERVICE COMPANIES

The incorporation into Spanish law of the European Directive on financial instruments markets has had a major impact on this sector. The team that handles this area has specialists and extensive experience, not only in the resolution of the various issues that arise on a day-to-day basis, but also with respect to the incorporation, acquisition and merger of the various market operators, as well as their defence before regulatory authorities.

We are in continuous contact with the sector and its operators, analyzing all European regulatory proposals and the recommendations from the entities entrusted with the supervision of these entities, thus staying ahead of the needs of our clients and advising them on defining and improving certain internal practices and policies.

Our advice in this sector includes, inter alia:

  • Advice on regulatory law related to the activities of investment services entities and the rules of conduct of covering securities market regulations.
  • Incorporation, acquisition and taking of significant stakes in investment services companies (securities dealers, securities brokers, portfolio management companies and financial advisory firms).
  • Advice to investment services companies in relation to capital and equity requirements.
  • Advice to investment services companies, as well as to members of their Boards of Directors, on matters related to corporate governance.
  • Advice to Spanish investment services companies on their internationalization processes and to foreign investment services companies on their dealings in Spain.
  • Recurrent advice to investment services companies on tax and employment matters, as well as on matters related to intellectual property and data protection.
  • Advice to investment services companies on lawsuits and arbitration in relation to any of the above.
  • Advice to investment services companies on the procedures before the supervisory authority (the Spanish Securities Market Commission; Comisión Nacional del Mercado de Valores) that may be presented and opened.