On Wednesday 20 September, the Ministry of Economic Affairs and Digital Transformation published a new version of the Draft Royal Decree amending Royal Decree 1082/2012, of 13 July, approving the Regulation implementing Law 35/2003, of 4 November, on collective investment schemes (“Draft amendment of the CIS Regulation“), together with three other draft royal decrees implementing Law 6/2023, of 17 March, on Securities Markets and Investment Services (“the SML”). It introduces new features to the first version of the Draft amendment of the CIS Regulation, published in 2021, arising from the approval of the SML and the new European regulations on sustainability.
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