The Comisión Nacional del Mercado de Valores known as CNMV is a financial government agency that is responsible for the financial regulation of the securities markets in Spain. The agency is independent that falls under the Ministry of Economy and Finance of Spain. CNMV was formed in 1988 and the company headquarters are at Madrid, Spain.
Like over financial government agencies, CNMV need to ensure stability and transparency of financial markets. Also they have to protect investors and make sure that all brokers and intermediaries behave fair. As main responsibilities, CNMV is focused on companies issuing securities to be placed publicly on the primary market, participants in the secondary securities markets and companies providing investment services and collective investment institutions.
CNMV is a member of both the International Organization of Securities Commissions (IOSCO) and the Committee of European Securities Regulators (CESR) and is actively involved in both organizations and its working groups. They bring together the banking, securities and insurance sectors worldwide and within Europe respectively.