MFEX Mutual Funds Exchange - Logo

# Press Releases

Tuesday, 8th March 2022

MFEX by Euroclear delivers unique solution in Spain: “Traspasos”

Madrid, 09 March 22 – Press release regarding the ‘traspasos’ regime offered by MFEX by Euroclear

MFEX by Euroclear delivers unique solution in Spain: “Traspasos”

MFEX by Euroclear, the global fund distribution platform has been authorized to offer Spanish fiscal deferral regime of ‘Traspasos’ by the Dirección General de Tributos (DGT).

MFEX by Euroclear, will now be able to facilitate investments for Spanish tax residents through foreign sub-distributors. MFEX’s sub-distributors, are European financial institutions nonresident in Spain with a passported license at the local regulator ‘CNMV’, are now allowed to provide services without a Spanish branch.

Under the Spanish tax deferral regime (‘Traspasos’), which only applies to individuals who are Spanish fiscal residents, a final investor can take advantage of switch operations between funds without incurring capital gains tax, if the funds (local and international) are registered and have the ‘traspasable’ status.

Antonio Manso, CEO of MFEX Spain: “The Spanish tax deferral regime (‘Traspasos’) is a must-have feature in the Spanish fund market. This functionality has been key to the growth in international fund investment for retail clients. We are therefore very happy to be able to offer this service from our MFEX Spanish branch to international distributors.

Latest News

newsroom dublin office opening 2022

MFEXbyEuroclear to expand in Ireland

3rd Oct 2022

Information & Data Security

Information & Data Security Compliance

18th Jul 2022

DEFINING AN ESG STRATEGY

Defining an ESG Strategy

11th Jul 2022

Letter from the CEO

Letter from the CEO : “Welcome to our very first sustainability report!”

7th Jul 2022

Want to talk to a member of our team?

Your Cookies Settings

May we use cookies to improve your experience on our site?

We take your privacy very seriously. For further details regarding how we use cookies, please see our cookie notice, and for further information on how we process personal data, please see our privacy notice.