CNMC (Comisión Nacional De Los Mercados Y La Competencia)

Spain · Government Administration

SPANISH NATIONAL MARKETS AND COMPETITION COMMISSION (CNMC in Spanish) is an entity that promotes and defends proper functioning of all markets, in the interest of consumers and businesses. It is a public entity with its own autonomous legal status. It is independent from Spain's central government but is subject to parliamentary control. It began its operations on 7 October 2013 The CNMC was created in 2013 by integrating the following six entities: The National Commission on Competition, the National Energy Commission, the Commission on the Telecommunications Market, the National Commission on the Postal Sector, the State Council on Audiovisual Media, and the Committee on Railway and Airport Regulation. The CNMC's main objective is to promote and defend proper functioning of all markets, in the interest of consumers and businesses. The CNMC is subject to parliamentary oversight, which ensures its independence and increases legal security.