Changes to financial credit establishments under Law 5/2015 and regulation of crowfunding
15 May 2015
Law 5/2015, dated 27 April, for the promotion of business financing (Law 5/2015), has introduced important changes in the legal regime of financial credit establishments (FCEs) and has regulated crowdfunding for the first time in Spain.
In this context, we have prepared this e-alert in order to highlight the
main aspects of the new legal regime of credit institutions and the new
regulation of finance participatory platforms. Furthermore, two other e-alerts
covering the new legal framework on: (i) the issuance of debt securities; and
(ii) securitisation have also been prepared.