Press Release: Free movement of capital: Commission refers Spain to European Court of Justice over law extending the functions of the Spanish electricity and gas regulator

The European Commission has decided to refer Spain to the European Court of Justice because it considers that certain provisions of Spanish legislation that extends the powers of the Comisión Nacional de Energía (CNE), the Spanish electricity and gas regulator, constitute unjustified restrictions on the free movement of capital and the right of establishment in violation of EC Treaty rules (Articles 56 and 43 respectively).