Spain: Risky financial instruments (Preferential shares)

This procedure examines the use of preferential shares in Spain and whether they are being marketed as safe investments despite carrying significant risks. It aims to ensure that financial products are transparent and that investors are adequately protected from unforeseen losses.

This affects retail investors and financial institutions in Spain who deal with preferential shares. It may lead to stricter disclosure requirements or changes in how these instruments are sold to the public.