Financial Regulatory

Our Approach · From rules to working systems

Financial regulation cannot be reduced to a list of rules. It unfolds through a complex hierarchy: the Directives and Regulations that set the framework at Level 1; the Delegated Regulations, ITS and RTS that flesh out their application at Level 2; and the Guidelines, Q&As and Guidance issued by the European supervisory authorities that steer interpretation at Level 3. Moving fluently across that regulatory architecture — and anticipating how each level conditions the next — is the foundation of our work.

But our approach goes beyond interpreting the rule. We work in joint teams of lawyers and systems engineers. This lets us translate each requirement of that hierarchy — whether an EBA RTS, an ESMA Guideline or a CNMV Q&A — into a real technical solution: reporting architectures, risk management frameworks, internal control systems or infrastructures for the issuance and custody of digital assets.

What we deliver to the client is not just a legal analysis — it is a Law + Technology solution ready to plug into their processes. Regulatory compliance stops being a document and becomes a system that actually works.

Authorisations and registrations

Filings before CNMV, Banco de España and European supervisors. Licences to operate as an Investment Firm, Electronic Money Institution, Payment Institution or CASP under MiCA. Registration of management companies and investment vehicles.

DORA and MiFID II compliance

Design and implementation of digital operational resilience programmes (DORA), MiFID II product governance, and supervisory reporting. Adaptation to European ITS/RTS.

Defence in regulatory proceedings

Representation in enforcement proceedings and inspections by CNMV and Banco de España. Administrative appeals and judicial review against supervisory decisions.

Tokenisation and DLT

Legal structuring of STOs, token issuances and DLT platforms. Advice on regulatory sandbox, anti-money laundering (AML) in crypto operations and licensing under MiCA.

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Published articles on financial regulation

DORA

MiCA, MiFID II, EMIR

CNMV

Banco de España, AEPD