The sustainable bond market is expanding rapidly. According to the Climate Bonds Initiative, green bond issues in 2016 exceeded $80 billion, a 90 per cent increase on the total for 2015. Europe remains the second-largest region after Asia in terms of green bond issuance volume.
The Royal Legislative Decree 1/2010, dated 2 July, which approves the Consolidated Version of the Companies Act (the Spanish Companies Act), has integrated in a single text the former rules governing Spanish Joint Stock Companies, Limited LiabilityCompanies and the limited partnerships by shares.
On 2 June 2009 a new rule of the Spanish Treasury Department (EHA/1421/2009) entered into force which, within the context of the market abuse regime, regulates the criteria defining, and develops the obligations, procedures and forms of communication relating to, significant information that may affect a security's price in a secondary market from the perspective of the issuer of that security.