CNMV Regulated Forex Brokers

CNMV stands for the Comisión Nacional del Mercado de Valores, or National Securities Market Commission. This is a government agency of Spain in charge of the securities markets and financial regulation in the country. The agency is independent within the Ministry of Economy and Finance. The CNMV was established in 1988 under a regulatory framework to meet the EU criteria. The Commission has played a crucial role in the Spanish Stock market by introducing stronger measures for the protection of investors. The main role of the CNMV is to secure a transparent and fair financial market which grants stability, consumer protection, and instruct intermediaries and brokers to behave correctly. One of its duties includes assisting the EU Commission in evaluating financial sectors of EU candidate countries. Since Spain is an EU member state, it also has to comply with the EU primary and secondary legislations, including the MiFD which is directly associated to securities and the financial market.