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Market Regulations

CNMV Approval Process Comisión Nacional del Mercado de Valores CNMV Approvals Lock-up Periods CNMC and Government Conditions Commissions CNMV Oversight Acceptance Thresholds Commission National del Mercado de Valores Commission Nacional del Mercado de Valores

HKEX Reports Record 2025 Profit as Turnover Surges, IPOs Rebound

Mainland Stock Connect buying drove volumes that supported a higher dividend under the 90% payout policy.

BBVA Sweetens Sabadell Takeover With 10% Higher All‑Share Swap, Steps Up Pitch to Investors

Sabadell Board Urges Shareholders to Reject BBVA’s Takeover Offer

BBVA Reevaluates Sabadell Takeover Bid Following Shareholder-Backed TSB Sale