European Legislation of Small Shareholders

- Directive 2001/34/EC of the European Parliament and of the Council of 28 May 2001 on the admission of securities to official stock exchange listing and on information to be published on those securities

[Spanish] - [German] - [Italian] - [Greek] - [French]

- Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse)

[Spanish] - [German] - [Italian] - [Greek] - [French]

- Proposal for a Directive of the European Parliament and of the Council on the harmonisation of transparency requirements with regard to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC

[Spanish]

Spanish Legislation of Small Shareholders

- Revised Text of the Law 24/1988, of 28 July, of Equities Market, reformed by the Law 37/1998, of 16 November.

- Ministerial Order of 25 October of 1995, of partial development of the Royal Decree 629/1993, of 3 May, about behaviour regulations in the equities markets and compulsory registers.

- Order of 7 October of 1999 of development of the general behaviour code and behaviour regulations in the management of investment portfolio.

- Order ECO/3722/2003, of 26 December, about the annual report of the corporate government and other instruments of information of the limited liability companies that quote at the stock market and other institutions.

- Circular 3/1993, of 29 December, of the CNMV (Comisión Nacional del Mercado de Valores), about the operations register and order justification files.

- Circular 1/1996, of 27 March, of the CNMV (Comisión Nacional del Mercado de Valores), about regulations of behaviour, transparency and identification of the clients at the operations of the Stock Market

- Circular 2/2000, of 30 May, of the CNMV (Comisión Nacional del Mercado de Valores), of standardised models of typical contracts of discretionary and individualised management of investment portfolio and other developments of the ministerial order of 7 October of 1999 of development of the general code of behaviour and behaviour rules in the management of investment portfolio.