Big changes are coming to Spain’s competition watchdog, the CNMC. The government is rushing to update the rules governing this powerful agency to add a new, crucial position: a chief economist.
- Last Tuesday, the Council of Ministers officially requested an urgent review of the CNMC’s statutes.
- They have set a strict deadline of October 8th for the Council of State to weigh in on these changes.
- This update will modify the original 2013 royal decree that established the CNMC, which has remained untouched for over a decade despite past attempts at reform.
This push signals a significant shift in how the organization plans to tackle complex economic oversight moving forward.