The General Directorate of Insurance and Pensions (Dirección General de Seguros y Pensiones) is an administrative body that depends on the Spanish State Secretariat for Economic Affairs (Secretaría de Estado de Economía) of the Ministry of Economy and Finance

Ministry of Economy and Finance (Spain)

The Ministry of Economy and Finance is the Ministry of Economic affairs and Second Vice President of the Government of SpainThis Ministry is in charge of the development, proposal and execution of the economical policy of the government, specially of the State Budgets, the control of Public...

 of Spain

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

, under Royal Decree (Real Decreto, in spanish) 1127/2008 of 4th July, which develops the basic structure of the Ministry.
The Directorate-General of Insurance and Pension Funds (DGSFP) supervises and controls Spain's Insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 and pension fund

Pension fund

A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...

 sector. It is responsible for ensuring that the sector functions properly and for providing 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 compose the sector, thus guaranteeing proper operation in accordance with current legislation.

See also

• Ministry of Economy and Finance
  Ministry of Economy and Finance (Spain)
  The Ministry of Economy and Finance is the Ministry of Economic affairs and Second Vice President of the Government of SpainThis Ministry is in charge of the development, proposal and execution of the economical policy of the government, specially of the State Budgets, the control of Public...
  
   (Ministerio de Economía y Hacienda de España, MEH)
• Insurance Compensation Consortium (Consorcio de Compensación de Seguros, CCS)
• Comisión Nacional del Mercado de Valores
  Comisión Nacional del Mercado de Valores
  The Comisión Nacional del Mercado de Valores is the Spanish government agency responsible for regulating the financial securities markets in Spain...
  
   (National Securities Market Commission, CNMV)
• Bank of Spain (Banco de España, BdE)

External links

Official website of the General Directorate of Insurance and Pensions of Spain (Dirección General de Seguros y Fondos de Pensiones)(in Spanish) (in English)