Professional Centres Spain SOCIMI — Direct-Hold Solution Structure
fix(investments): correct Spain SOCIMI listing venue to Portfolio Stock Exchange (PSE), operator-confirmed — was BME Growth/Bolsa de Madrid
@@ -37,7 +37,7 @@ Spain's SOCIMI framework carries a mandatory listing requirement that does not a ## Technical listing and settlement arrangements To meet this statutory listing mandate, the Spain vehicle is planned to pursue listing on a regulated market, such as BME Growth or the main Bolsa de Madrid, consistent with the [[four-jurisdiction-framework|Four-Jurisdiction Framework]]. The intent is a technical listing: admission sufficient to satisfy the legal requirement to be Cotizada, without the trading volume and price volatility of a fully liquid public market. Once listed, the vehicle's units are intended to trade by electronic matching on the exchange, subject to an admission protocol governing how units enter and transfer on the platform — the Spain vehicle's parallel to the transfer-certificate mechanisms used in Woodfine's other jurisdictions. Settlement is planned to run through Iberclear, Spain's central securities depositary, the same depositary named in the Four-Jurisdiction Framework. Continuous disclosure is intended to be filed with the Comisión Nacional del Mercado de Valores (CNMV) through its Sede Electrónica filing system once the vehicle is established and registered. To meet this statutory listing mandate, the Spain vehicle is planned to pursue a technical listing on the Portfolio Stock Exchange (PSE), consistent with the [[four-jurisdiction-framework|Four-Jurisdiction Framework]]. The intent is a technical listing: admission sufficient to satisfy the legal requirement to be Cotizada, without the trading volume and price volatility of a fully liquid public market. Once listed, the vehicle's units are intended to trade by electronic matching on the exchange, subject to an admission protocol governing how units enter and transfer on the platform — the Spain vehicle's parallel to the transfer-certificate mechanisms used in Woodfine's other jurisdictions. Settlement is planned to run through Iberclear, Spain's central securities depositary, the same depositary named in the Four-Jurisdiction Framework. Continuous disclosure is intended to be filed with the Comisión Nacional del Mercado de Valores (CNMV) through its Sede Electrónica filing system once the vehicle is established and registered. ## Administrator and governance