CNMV presents the action plan for 2011

08 February 2011

The plan has these objectives: improve the efficiency of the institution; increase the transparency and accountability to markets, investors and supervised institutions; assist in the exchange of information, with the goal of transposing the availability of priorities before the institution acts.

 The plan does not contain the usual register tasks, authorization and supervision of markets and entities, or the operations and regulated information control. Neither does it include the activities in the field of sanctions or consulting and complaints, nor the international activity.

The action plan is designed to follow four big axes:

Normative development

The CNMV will keep on providing the consultancy for the Government, in collaboration with the General Directorate of Treasury and Financial Policy in the transposition of the important directives. Also, as a continuation of the project started in 2010, a concrete proposal of the reform of the norms of the compensation and liquidation system, as well as the registry of the stock exchange will be presented. 

More efficient and transparent markets

The CNMV will pay attention to the supervision of the commercialization of financial instruments and the detection of abusive market practices. In the fight against the market abuse, more work will be done in developing an advanced monitoring system that will facilitate the detection of price manipulation practices and the use of privileged information.

Education and attention to the minor investors

In 2011, the introduction of the pilot program created by the CNMV and the Banco de España focused on the financial education will culminate. Also the Investor Portal of the CNMV will be renovated in order to make it more interactive and accessible.

Improvements in the functioning of the CNMV

The main goal is to improve the efficiency of the services provided by the CNMV.  

Full action plan