Investment Fund Market Guide – Spain

11.10.2022

Key features (Register market)

Yes/No

Remarks

Settlement free of payment

Yes

Settlement against payment

Yes

Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.

Disclosure Requirements

Yes

Refer to Disclosure Requirements – Investment Funds – Spain.

Restrictions on customer

Yes

Refer to Holding Restrictions – Investment Funds – Spain.

Restrictions on settlement

No

 

Market Specifications

Yes

Refer to Market Specifications – Investment Funds – Spain.


Remarks

Market type / link type (Settlement link)

Register market

Eligible fund types / legal forms in CBL

Register market:
Open-ended funds such as UCITs, Hedge funds (fondos de inversión libre) in corporate or contractual form, private equity funds (fondos de capital de riesgo) which are closed ended in corporate or contractual form.

CSD linka: T2S-eligible funds

 a. Please refer to the Market Link Guide - Spain for more details about funds on the CSD link.

Eligible fund types / legal form in CBL

Register market

The following types of investment funds exist in Spain:

  • Investment Collective Schemes under Directive 2009/65/EC
  • Hedge Funds / AIFMD funds / fondos de inversión libre ("FIL") under Law 35/2003 and RD 1082/2012
  • Private Equity Funds / fondos de capital de riesgo ("FCR") under Law 22/2014