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Spanish regulator pitches for relocating firms following Brexit vote

Spanish financial regulator CNMV has detailed a package of special measures it aims to take in order to attract London-based firms to Spain in the wake of the Brexit vote.

The measures include a fast-track authorization process, a single contact point for applicant firms, the option of submitting all documentation in English and the acceptance of pre-existing English-language documents already submitted to other EU authorities.

The regulator also said there will be no additional requirements beyond EU legislation in areas such as the recovery and resolution regime and remuneration policies.

Madrid is among several other European cities — including Frankfurt, Luxembourg, Paris and Dublin — vying to draw business from London following the U.K.'s vote to leave the EU in June.