Applying to be a primary dealer in Bonos and Obligaciones

1. Companies that wish to gain the status of Market Makers in Government Bonds should send an application to the General Secretariat of the Treasury and Financial Policy in which they demonstrate their intention to be Market Makers in Government Bonds and their commitment to the obligations established by the General Secretariat of the Treasury and Financial Policy. At the same time, the necessary information required to verify fulfilment of the requirements must be included, as well as a report which shows the technical and human resources that are at the disposal of the company in order that it can perform the activities inherent to the status of Market Maker.

2. Following a Bank of Spain report, the General secretariat of the Treasury and Financial Policy may award the status of Market Maker in Government Bonds and must notify its decision within a period of three months from the completion of the probation period.