The Comisión Nacional del Mercado de Valores (CNMV) has issued a list of warnings concerning unregistered entities as reported by international supervisors. This announcement was made public on the CNMV’s official website on January 22.
According to the CNMV, the list includes entities such as PRIME CFX, Atlantis, Saffety Pro, Trade.Multistox, Financial Expert Partnership Ltd. (a clone), AFK Capital (Pty) Ltd. (a clone), and James Trading Group. Warnings about these entities were issued by the Autoriteit Financiële Markten (AFM) in the Netherlands and the Comissão do Mercado de Valores Mobiliários (CMVM) in Portugal.
The CNMV states that it issues these warnings to protect investors from unauthorized entities providing investment services or engaging 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 also highlights that some unauthorized firms misuse its name to falsely present themselves as legitimate, which can mislead investors into a false sense of security. The organization collaborates with foreign regulators to share warnings about such entities to inform investors and reduce risks.
DataBitlaw reports 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 transitioning to regulated status under the Markets in Crypto-Assets Regulation (MiCA). It reflects these entities’ alignment with European Union regulatory requirements during the grandfathering period.
The CNMV is responsible for overseeing Spain’s securities markets to ensure transparency, accurate pricing, and investor protection. Established 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. The CNMV 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).
