The National Securities Market Commission (CNMV) has decided to intervene in the management company Esfera Capital at the request of the entity itself, after warning of an equity gap derived from an incident related to the management of positions in derivatives of a limited number of customers. The gap could have a maximum impact of about six million euros, as reported by the supervisor in a statement sent this Friday.

The measure, which is adopted in accordance with the modality of mere intervention (not the replacement of administrators), has been taken at the request of the manager itself. "At this time, the entity is considering various options to resolve the situation, which, according to the information provided by it, could have a maximum equity impact of approximately six million euros," the note stated.

The CNMV, given the uncertainty that these events generate for the normal development of the entity's activity and in order to guarantee adequate protection for all its clients, has considered it appropriate to agree on the intervention measure, "the statement said.

Also according to information provided by the entity itself, the incidence that has led to the adoption of the intervention measure directly affects only Esfera Capital, and not other group companies, such as Esfera Capital Gestión SGIIC. In particular, it does not affect the assets or financial situation of the investment funds and SICAV managed by Esfera Capital Gestión SGIIC.

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