 | ||
The General Directorate of Insurance and Pensions (Spanish: Dirección General de Seguros y Fondos de Pensiones) (DGFSP) is the Spanish governments financial regulatory agency that supervises and controls Spain's Insurance and pension fund 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.
It is part of the Spanish State Secretariat for Economic Affairs (Secretaría de Estado de Economía) of the Ministry of Economy and Finance of Spain.
History
It was established under Royal Decree (Real Decreto, in Spanish) 1127/2008 of 4 July 2008, which develops the basic structure of the Ministry.