INSIDE VIEW: Share classes and the Spanish regulator

At the time of writing, in mid-May, there is still no sign of a public draft bill implementing MiFID II in Spain. No more than a public consultation was released in March to gather the sector’s views on issues that the EU member states may address. Foreseeably, Spain will have a hard time fulfilling its obligation to approve the implementing national law before the July 3 deadline.

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