SM-ECO-10060 · Member

ES-ECO-10060es-eco-10060.ai

SM-ECO-10060 defines the jurisdiction binding of a signed capital-product record and the market chapter from which that binding is published. Each chapter preserves the market's duties, authorities, sources, dates, conditions and exact section versions, with the producing node's signature. The jurisdiction namespace maps explicitly to the market value carried in the receipt. Member pages, node pages and specialised readouts derive from the same immutable chapter; ACM rule revisions point to the chapter evidence that produced them. SM-ECO makes the market context recoverable across the family while keeping separate the responsibilities of sourced content, clearance, orderability, venue reference and proof of the read.

Spain · ES-ECO-10060 · Member · Spain under SM-ECO-10060

Allooloo node	`es-cm-kg` · Azure region Spain Central · records served from Madrid
Record door	https://es.eu-cm-kg.ai/mcp Agent Card: https://es.eu-cm-kg.ai/.well-known/agent-card.json
Exchanges on the record	XMAD · GROW
Orderability door	https://es.eu-cm-kg.ai/mcp get_orderability (AIO-10060)
Receipts door	mcp.rco-records.ai/mcp (RCO-10060 · Record of Cleared Orders)
Example record	https://es.eu-cm-kg.ai/record/XMAD/ES0144580Y14
Market duty page	es-eco.ai
Market issuer page	https://eu-issuer.ai/

Appendix A · ECO market section

ECO · es.eco.v7 · supersedes es.eco.v6 · produced 2026-11-04T00:49:48Z · signed on the node door

The catalogue starts from identifying the duty, obtaining the relevant facts, recognising constraints, supporting an action and preserving evidence. It retains the current page's sourceable information and extends the chapter beyond the page. Each regime is scoped to the instruments, actors and activities its evidence applies to. No tax or settlement value is treated as universal to a market.

`jurisdiction_scope`Territory, regime boundaries and cross-border applicability	territory Spain regime Directive 2014/65/EU (MiFID II) transposed into Spanish law with regard to the regime of trading venues (regulated markets, multilateral trading facilities and organised trading facilities) source http://www.cnmv.es/loultimo/ISGLOBALMIFIDII_EN.pdf · dated 2 January 2018
`competent_authorities`Regulators, competent authorities and allocation of responsibility	Comisión Nacional del Mercado de Valores (CNMV) source https://www.cnmv.es/portal/home · dated not found
`duty_map`Applicable product-governance and suitability duties by activity and actor	duty MiFID II product governance source https://mcp.getissuer.ai/mcp · dated not found
`regulated_activities`Activities requiring authorisation and their scope	activity Trading venues scope Authorisation of the activity as trading venue applicable to regulated markets, multilateral trading facilities, organised trading facilities (OTFs) and SME growth markets source http://www.cnmv.es/loultimo/ISGLOBALMIFIDII_EN.pdf · dated 16th November 2017
`participant_categories`Issuer, intermediary, investor and client categories	category CISMCs providing investment services treatment subject to product governance obligations as distributors in relation to the CISs for which they provide investment services source https://api.cnmv.es/docportal/Legislacion/FAQ/FAQ_MiFIDII_EN.pdf · dated 13 July 2018
`product_categories`Instrument classes, exclusions and special regimes	category foreign-exchange-related derivatives used as a means of payment treatment may cease to be regarded as financial instruments subject to the MiFID framework source https://api.cnmv.es/docportal/Legislacion/FAQ/FAQ_MiFIDII_EN.pdf · dated 9 December 2025
`issuer_and_listing_scope`Domicile, listing and issuer-status distinctions	not found
`exchanges_and_venues`Venue identities linked to AMP records	name Bolsa de Madrid (regulated market; BME) listings_page https://www.bolsasymercados.es/es/bme-exchange/mercados-y-cotizaciones/acciones/empresas-cotizadas.html name Bolsa de Barcelona (regulated market) listings_page http://www.borsabcn.es name Bolsa de Bilbao (regulated market) listings_page http://www.bolsabilbao.es name Bolsa de Valencia (regulated market) listings_page http://www.bolsavalencia.es source https://www.cnmv.es/portal/Consultas/Rectoras/ListadosIM · dated not found
`information_stores`Authoritative regulated-information repositories	CNMV 'Entidades emisoras: Información regulada' register (datos generales, información privilegiada, otra información relevante, informes financieros anuales, información financiera intermedia, etc.). The page does not itself use the label 'OAM'. source https://www.cnmv.es/portal/Consultas/Emisores-Informacion-Regulada · dated not found
`store_lookup`Documented lookup methods and identifier requirements	Search issuer by name on CNMV regulated-information page source https://www.cnmv.es/portal/Consultas/Emisores-Informacion-Regulada · dated not found
`periodic_reporting`Periodic duties, deadlines, triggering events and exceptions	report Annual financial report (art. 99 Ley 6/2023) deadline El plazo máximo ... será de cuatro meses desde la finalización de cada ejercicio report Half-year financial report (art. 100(1) Ley 6/2023) deadline El plazo máximo ... será de tres meses desde la finalización del período correspondiente report Second half-year report covering twelve months (art. 100(2)), only if annual report not public within two months of year end deadline within three months of period end (art. 100) source https://www.boe.es/buscar/act.php?id=BOE-A-2023-7053 · dated not found
`ad_hoc_disclosure`Event-driven and inside-information disclosure obligations	EU MAR art. 17 — ESMA guidelines text (art. 17(7)): whenever confidentiality is no longer ensured the issuer shall disclose inside information to the public as soon as possible. CNMV register carries these as 'Información privilegiada'. source https://www.esma.europa.eu/sites/default/files/library/esma70-156-4966_mar_gls-delay_in_the_disclosure_of_inside_information.pdf · dated not found
`filing_formats`Required formats, validation requirements and document types	ESEF: annual financial reports in XHTML with IFRS consolidated statements marked up in Inline XBRL (RTS on ESEF; ESMA). Periodic half-year reports submitted via CNMV electronic registry using CNMV models/taxonomy. source https://www.esma.europa.eu/issuer-disclosure/enforcement-corporate-reporting · dated not found
`filing_languages`Required or accepted languages and translation conditions	Spanish (castellano) prevails; a half-year report may also be sent in a second language, which must be a faithful copy of the Spanish version, Spanish prevailing in case of discrepancy source https://www.cnmv.es/DocPortal/DocFaseConsulta/CNMV/CP_CircularIPP2026.pdf · dated not found
`prospectus_regime`Offering and admission requirements, exemptions and thresholds	not found
`product_disclosures`Product documents and pre-contract information duties	instrument Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión description Transposes Directive (UE) 2021/2261 amending Directive 2009/65/CE regarding the use of documentos de datos fundamentales by sociedades de gestión de OICVM source https://www.boe.es/buscar/act.php?id=BOE-A-2023-7053 · dated 18/03/2023
`takeover_regime`Offer rules, control triggers and shareholder treatment	not found
`ownership_reporting`Significant holdings, beneficial ownership and notification duties	not found
`short_selling`Restrictions, disclosure, locate or borrowing requirements, emergency measures	not found
`market_abuse`Insider dealing, manipulation and related disclosure regimes	regime MAR competent_authority CNMV description CNMV has been designated as the competent authority in Spain regarding the various European provisions related to securities markets that are currently being transposed and adapted (MiFID II, MAR, PRIIPS and Benchmarks) source http://www.cnmv.es/loultimo/ISGLOBALMIFIDII_EN.pdf · dated 2 January 2018
`trading_controls`Market-wide trading constraints and intervention powers	control Volatility management mechanisms and trading interruptions description CNMV Statement on the Guidelines for the calibration of volatility management mechanisms and the publication of trading interruptions control Position limits description CNMV's decision on setting the position limits in commodity derivatives instruments legal_reference Directive 2014/65/EU (MiFID II), Arts. 57.1 and 57.4 source http://www.cnmv.es/loultimo/ISGLOBALMIFIDII_EN.pdf · dated 2 January 2018
`market_calendar`Authoritative calendars and exceptional closures	BME Calendario Bolsa (session calendar 2026) source https://www.bolsasymercados.es/es/bme-exchange/negociar/calendario-del-mercado.html · dated not found
`halts_sources`Official halt and suspension sources with scope	not found
`identifiers`Security and entity identifier conventions and validation sources	LEI Relevant information about the LEI Code (Legal Entity Identifier) in Spain CFI ESMA updates its CFI validations for MiFID II FIRDS Financial Instruments Reference Data source http://www.cnmv.es/loultimo/ISGLOBALMIFIDII_EN.pdf · dated 2 January 2018
`isin_prefix`ISIN prefix information and its limits as a jurisdiction indicator	ES — Agencia Nacional de Codificación de Valores (ANCV), part of CNMV source https://www.cnmv.es/portal/ANCV/ConsultaISIN · dated not found
`lei_requirements`Legal Entity Identifier requirements and authoritative lookup references	reference Relevant information about the LEI Code (Legal Entity Identifier) in Spain publisher CNMV url http://www.cnmv.es/portal/verDoc.axd?t={faaf1012-97c9-459a-8347-d79d2b2b18db} language Spanish source http://www.cnmv.es/loultimo/ISGLOBALMIFIDII_EN.pdf · dated 2 January 2018
`settlement`Settlement cycles by instrument and venue, exceptions and transition dates	not found
`clearing_and_custody`Clearing, depository, custody and asset-protection frameworks	not found
`corporate_actions`Rights, elections, notices and procedural deadlines	not found
`retail_access`Retail distribution limits, access restrictions and safeguards	rule Article 220 bis: investment firms must not make any arrangement by way of remuneration, sales target or any other that could provide an incentive to its staff to recommend a particular financial instrument to a retail client when the investment firm is in a position to offer a different financial instrument that would meet the client's needs source https://www.uria.com/documentos/circulares/1014/documento/8285/implementation_mifid_ii.pdf · dated October 2018
`cross_border_access`Foreign participation and cross-border offering or service restrictions	rule Provision of investment services or activities to retail clients or elective professional clients by a third-country company may only be carried out through the establishment of a branch in Spain rule CNMV may require a third-country company to establish a branch if it provides or intends to provide investment services in Spain to professional clients per se or eligible counterparties grounds volume of the activity, the complexity of the products or services, or reasons of general interest source https://www.uria.com/documentos/circulares/1014/documento/8285/implementation_mifid_ii.pdf · dated October 2018
`tax_at_source`Withholding regimes by income, instrument and recipient category; relief conditions	not found
`fees_and_levies`Transaction taxes, statutory levies and relevant charges	not found
`conduct_and_conflicts`Conduct, inducement and conflict-management duties relevant to distribution	topic Inducements duty Regarding the investment services they provide (investment advice and discretionary portfolio management), CISMCs must comply with the inducements requirements set out in Articles 214 to 216 of the LMVSI and Articles 120 and 121 of RD 813/2023. topic Inducements - vertical integration duty vertical integration practices cannot be used to avoid the regulation (or prohibition) of inducements perception topic Distribution of products from non-MiFID manufacturers duty Article 134 (2) of RD 813/2023 states that distributors must take all reasonable measures to ensure that they obtain adequate and reliable information from manufacturers not subject to MiFID II topic Marketing derivatives as hedging duty the term 'hedging' should only be used when marketing derivatives where the derivative instrument eliminates uncertainty or achieves a sufficiently significant reduction in risk source https://api.cnmv.es/docportal/Legislacion/FAQ/FAQ_MiFIDII_EN.pdf · dated 18 June 2026
`recordkeeping`Retention, evidence, format and reconstruction requirements	requirement Manufacturers and distributors must justify and document the decisions made related to their product governance mechanisms, including the identification of the target market and related distribution strategies source_instrument ESMA Guidelines on MiFID II product governance requirements (adopted by CNMV) source https://www.cnmv.es/webservices/verdocumento/ver?t=%7B4040fb43-bfc5-4bba-84be-980e50de144e%7D · dated 11 October 2023
`complaints_and_redress`Complaint, escalation and redress routes	not found
`effective_changes`Enacted, proposed and transitional changes, kept distinguishable	status enacted/applicable change CNMV complies with the updated ESMA Guidelines on MiFID II product governance requirements applicable_from 3 October incorporates The modifications to MiFID II resulting from the European Commission's capital markets recovery package The sustainability-related amendments to the MiFID II Delegated Directive 2017/593 introduced in April 2021 Recommendations on the product governance guidelines issued by ESMA's Proportionality Committee The conclusions of the 2021 common supervisory action on product governance coordinated by ESMA source https://www.cnmv.es/webservices/verdocumento/ver?t=%7B4040fb43-bfc5-4bba-84be-980e50de144e%7D · dated 11 October 2023
`additional_duty_fields`Further sourceable duty-relevant fields, introduced through a versioned catalogue extension	not found

chapter es.chapter.v15 · sm-eco-10060.org/market/es/

ACM-68000 (Agent Clearance Manifest) signals

Signal	Reading	Boundary
ACM-200	Cleared	The specified read or action has cleared the applicable registered checks in the stated context.
ACM-403	Restricted or halted	Evidence establishes a restriction or an applicable halt under the selected revision.
ACM-404	Not on the register	The named lookup target is absent from the identified register. This establishes neither global absence nor prohibition.
ACM-451	Read the filing	The binding requires the identified filing or source to be read before a conclusion or a progression.

Machine surfaces

/protocol.json · /signals.json · /nodes.json · /health.json · /dataset.jsonld · /llms.txt · /index.md · /auth.md · /.well-known/agent-card.json · /.well-known/ai-catalog.json · /.well-known/api-catalog · /.well-known/acm-68000.json · /.well-known/security.txt