The CNMV implements EBA’s guidelines following common criteria and methodologies related to the revision process and supervisory evaluation (PRES)

The CNMV has informed EBA of its intention to adopt the “Guidelines on common procedures and methodologies for the SREP under IFD“ These guidelines serve as a framework for the CNMV to assess and evaluate specific criteria related to IFs and ensure compliance by relevant entities under its supervisory powers.
The main objectives of these guidelines are to provide detailed information on the common procedures and methodologies for the SREP. They take into account various factors such as the size, structure, and internal organization of IFs, as well as the nature, scope, and complexity of their activities. By specifying the processes related to supervisory powers, additional equity requirements, and liquidity requirements, the guidelines aim to create a comprehensive framework for the CNMV’s supervisory activities.
These guidelines were published by the EBA on April 19, 2023 (eventid=20674), and they were scheduled to become effective on June 19, 2023. They build upon similar guidelines that were previously issued in 2015 for credit institutions under CRD. These earlier guidelines also applied to investment service companies until the implementation of IFD. The new guidelines aim to align the regulatory framework between credit institutions and investment firms, ensuring equal conditions and consistency in their supervision.