Financial technology (Fintech) represents an opportunity to improve financial markets. Its application allows offering business models more oriented to the end investor and increasing the efficiency and competitiveness of financial markets.

The CNMV has created this section of the website to gather the institution's initiatives aimed at accelerating financial innovation and collaborating with the sector to promote new technologies that are boosting the digital transformation of the financial sector. 


The regulatory sandbox is a mechanism that allows controlled and limited testing, under the supervision of competent authorities, to analyse the viability of new business models or the use of new technologies in the provision of financial services.


The CNMV wishes to promote Fintech initiatives in Spain and has accordingly launched this forum with two aims in mind:

  • Assist promoters and financial corporations with aspects of securities market rules and regulations that have a bearing on their projects.
  • Create an informal space for exchanging information with promoters and financial entities on their initiatives in this domain.

These initiatives may require CNMV authorization prior to startup. If you believe your company engages in some Fintech activity of securities market relevance, you can contact the CNMV to:

  • Enquire about aspects of securities market legislation affecting your business.
  • Put forward suggestions or provide us with information on your projects.

To do so, please complete this FORM


CNMV has prepared a Q&As document aimed at FinTech companies that contains the main criteria which have been transmitted through the Fintech Portal since its launch. The objective of this document is to guide, clarify doubts and facilitate new activities.

Criteria in relation to ICOs

Statistical data