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Transfers of significant holdings in a Spanish insurance brokerage: the new regime

The Royal Decree-Law 3/2020 of 4 February 2020 has transposed insurance distribution (IDD) in Spain, establishing a control regime for acquisitions of significant holdings in insurance brokers. The new regime is similar to the now repealed Law 26/2006 of 17 July 2006. This article outlines the new law’s main features and penalties.

Released on Jul 27, 2022