Dirección General de Seguros y Fondos de Pensiones explained

The Directorate-General for Insurance and Pension Funds (Spanish; Castilian: Dirección General de Seguros y Fondos de Pensiones) (DGSFP) is the Spanish government's financial regulatory department that supervises and controls Spain's insurance and pension fund sector.

It is responsible for ensuring that the sector functions properly and provides customers of insurance agencies and members of pension funds with appropriate protection. To that end, it is empowered to regulate, issue instructions to, and supervise the institutions that comprise the sector, thus guaranteeing proper operation in accordance with current legislation.[1]

It is part of the Spanish State Secretariat for Economic Affairs (Secretaría de Estado de Economía) of the Ministry of Economy of Spain.

History

The DGSFP was established under Royal Decree (Real Decreto, in Spanish) 1127/2008 of 4 July 2008, which develops the basic structure of the Ministry.

See also

External links

Notes and References

  1. http://www.meh.es/en-GB/Areas%20Tematicas/Seguros%20y%20Fondos%20de%20Pensiones/Paginas/default.aspx Structure and Functions of the Directorate-General for Insurance and Pension Funds