BME welcomes the publication by the Spanish Stock Market regulator, the CNMV, of the document “The reform of the Registration, Clearing and Settlement System”, whose aim is to show the main progress made in the development of the new Securities Clearing, Settlement and Registration System of the Spanish Market.
Together with participants and the Spanish supervisory bodies, BME has actively participated in the entire project design process through a technical steering committee called Comisión Técnica Asesora and a subgroup of this committeethat is in charge of the design of the Central Counterparty. Thanks to the contributions of the working groups the model features more efficient post-trade processes, which help the Spanish market to confront the forthcoming changes at European level.
