Dirección General de Seguros y Fondos de Pensiones


The Directorate-General for Insurance and Pension Funds is the Spanish government's financial regulatory department that supervises and controls Spain's insurance and pension fund sector. It is part of the Spanish State Secretariat for Economic Affairs of the Ministry of Economy of Spain.
It is responsible for ensuring that the sector functions properly and provides customers of insurance agencies and members of pension funds with appropriate protection. To that end, it is empowered to regulate, issue instructions to, and supervise the institutions that comprise the sector, thus guaranteeing proper operation in accordance with current legislation.
The DGSFP increasingly implements policies set at the European Union level, and is a voting member of the Board of Supervisors of the European Insurance and Occupational Pensions Authority. It is also a member of the European Systemic Risk Board.

History

The DGSFP was established under Royal Decree 1127/2008 of 4 July 2008, which develops the basic structure of the Ministry.