The New Spanish Securities Markets and Investment Services Act: Main Novelties for Spanish Fixed-Income Primary Markets (March 2023)
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Introduction
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The Spanish Securities Markets and Investment Services Act introduces changes to the listing process for non-equity securities and a new legal regime for the representation or registration of negotiable securities by means of distributed ledger technology (DLT) systems. This law has the potential to, amongst others, simplify the pre-listing process, reduce listing fees, and bring advances in digitalisation.
