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Notes on the Spanish National Markets and Competition Commission

 |  April 23, 2019

By Sandra Ortiz (Universidad Externado de Colombia)

The establishment of a National Commission of Markets and Competition Law (CNMC) by statute 3/2013 aims to ensure fair competition and to regulate all economic activities in the Spanish markets and, by this means, to protect consumers. In order to understand the Commission’s nature, this paper examines the emergence of independent authorities in Spain, as well as the existing trend to design competition and regulatory bodies under identical standards. Although the EU Court of Justices refer to the complementary nature and role of Competition Law as a safety net, the integration in a single entity like the CNMC can ensure legal certainty, investment and an appropriate regulatory framework for Spain.

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