Capital LedgerThe public record of Spanish business
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Learn

Short guides to understand the documents and figures in this register. Every rule links to its official source.

01

What a CNMV filing is

The four kinds of official notices listed Spanish companies and their insiders must send to the market regulator, and how to read them.

02

ETF vs mutual fund taxes in Spain

Why a Spanish resident can switch between mutual funds without paying tax, why ETFs usually cannot, and the savings tax bands that apply when you sell.

03

How to read a KID

The three-page document every fund and ETF must give you before you invest: what each box means and what to compare.

04

Glossary of ratios and key words

35 terms used across this site, explained in plain language.

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This site publishes public information for research purposes. It is not investment advice, and nothing here is a recommendation to buy or sell any security.

Capital Ledger · The public record of Spanish business