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Practical guide for completing census form 036

Other Entities registered with the CNMV (A)

There are other entities that may or may not be collective investment institutions, with the legal form of a public limited company that, in addition to being registered in the Commercial Registry, requires prior authorization (see important note below) and registration with the National Securities Market Commission, such as:

  • Real estate investment company ( SII ) (Law 35/2003)
  • Free investment companies (SIL) ((Law 35/2003)
  • Investment companies of hedge funds (SHF) (Law 35/2003)
  • Venture capital companies (VC) (Law 22/2014)
  • SME Venture Capital Companies (SCR-Pyme) (Law 22/2014)
  • Closed-end collective investment companies (SICC) (Law 22/2014)
  • Management companies of closed-end entities (SGEIC) (Law 22/2014)
  • Securities Companies/Agencies (SAV) (RD217/2008)
  • Portfolio management companies (PMC) ( RD 217/2008)
  • Financial advisory companies (EAFI) (RD217/2008)

Important note :

For SCR , SCR-Pyme and SICC there is no prior authorization from the CNMV if the entity has designated a third entity to manage its assets. However, if it is self-managed, it is subject to authorization by the CNMV.

The FCR -Pyme and the FICC are also not subject to authorization by the CNMV.