This client briefing summarises the latest communication from the CNMV (Comisión Nacional del Mercado de Valores) on the legal regime applicable to third-country firms that wish to provide investment services in Spain without establishing a branch in the Spanish territory.
![](/etc/designs/micro-facm/images/article_footer_corner_left.png)
![](/etc/designs/micro-facm/images/article_footer_corner_right.png)