Economic - financial information

The economic-financial regime of the National Securities Market Commission is regulated under article 19 of the Securities Market Law, the consolidated text of which has been approved by Royal Legislative Decree 4/2015, of October 23.

Pursuant to this provision, the National Securities Market Commission prepares annually a preliminary draft budget, with the structure indicated by the Ministry of Finance and Public Administration, and refers it to the latter for elevation to the Government Agreement and subsequent referral to the Cortes Generales, integrated in the General Budgets of the Government. At present, the National Securities Market Commission draws up an operating budget, which consists of a forecast of the economic-equity result for the year and a capital budget, which is a forecast of the cash flow statement for the year..

In view of the limiting nature of the appropriations in the budgets of other public organizations, the budget allocations of the National Securities Market Commission are estimates. Variations in the budget of the National Securities Market Commission are authorized by the Minister of Finance and Public Function, when the amount does not exceed 5 percent of the same, and by the Government, in other cases.