New legal regime for private investment entities (Act 22/2014)

The new text consists of 103 articles, three additional provisions, one repealing provision and eight final provisions divided into 4 titles. Moreover, any time soon it will be the subject of amendment, since the Promotion of Corporate Finance Bill, published in the Journals of the Houses of Parliament of 17 October 2014, contains a sixth final provision that gives a new wording to the introductory paragraph of art. 80 (on the marketing of ECRs and EICCs under management authorised in Spain under Directive 2011/61/EU), adds a new point z) bis to art. 93 (Very serious infringements), and, adds a new letter z) to art. 94 (Serious infringements)…