CNMV announces warning list of unregistered entities

The Comisión Nacional del Mercado de Valores (CNMV) has released a list of warnings concerning unregistered entities reported by international supervisors. This announcement was made on the CNMV's official website on January 29.

According to the CNMV, the list includes entities such as Sblockstreams, Fibofest, and Botvero L.L.C-FZ, which were flagged by the Netherlands' Authority for the Financial Markets (AFM), and Derwent Investments, reported by Belgium's Financial Services and Markets Authority (FSMA). The Italian Commissione Nazionale per le Società e la Borsa (CONSOB) has also issued orders to block access to several websites offering unauthorized investment services, including Isectrade, Morgantrust, and Onlinecfdsim. Additionally, CONSOB took similar action against CMC Finance Group websites.

The CNMV issues these warnings to protect investors from unauthorized entities that provide investment services or engage in financial activities without proper registration or authorization. These entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. The CNMV collaborates with foreign regulators to share warnings about such entities, aiming to inform investors and reduce risks.

DataBitlaw states that all registered Virtual Asset Service Providers (VASPs), including Binance and Bit2Me, are excluded from the CNMV grey list. This list identifies entities operating in Spain without regulatory authorization or registration as part of a regulatory update. The update applies broadly to entities that have transitioned to regulated status under the Markets in Crypto-Assets Regulation (MiCA). The adjustment reflects the alignment of these entities with European Union regulatory requirements during the grandfathering period.

The CNMV oversees Spain's securities markets to ensure transparency, accurate pricing, and investor protection. Created by the 1988 Securities Market Law, it supervises securities issuers, investment service providers, and collective investment schemes with a focus on market stability and system solvency. It manages public records of market participants, advises the government and Ministry of Economy on securities matters, and actively engages with international organizations like IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).