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Natalia López Condado

Counsel
Madrid
About

Natalia is Counsel responsible for the Financial Regulation and Investment Funds area within the financial department of the DLA Piper Spain office.

With over 25 years of professional experience, she specializes in advising financial entities on the regulations affecting their daily activities, including banking, payment services, investment services, and asset management sectors.

In the banking sector, she advises on business models to be implemented in Spain by both Spanish and foreign financial institutions, authorization processes before the Bank of Spain and the CNMV, MiFID and CRD policies, marketing of financial products, and proceedings before the Bank of Spain and  CNMV. She also advises on CRR legal opinions rekated to risk mitigation, payment and electronic money services, deposit-taking, loans in Spain, factoring and leasing.

Natalia has extensive experience in regulatory matters affecting the asset management industry such as: ELTIF, UCITS, AIFMD, PRIIPs, the Cross-Border Distribution of Funds Directive, establishment of investment funds and management companies, master-feeder structures, fund pre-marketing, and support in M&A operations.

Natalia also has extensive experience in anti-money laundering matters and advises on cryptocurrency regulation (MICA, advertising requirements) and ESG compliance.

Areas of FocusFinanceRestructuringFinancial Services

EXPERIENCE

  • Advising different financial institutions in the relocation of their private banking business after Brexit and the opening of Spanish branches of credit entities and investment firms.
  • Advising financial institutions on the authorisation process before the CNMV/Banco de España for the provision of financial services (banking, payment and investment services) whether they are by means of a branch or without a permanent establishment.
  • Advising financial institutions on general legal principles under Spanish law: lending, deposit taking, dual-hatting, reverse solicitation, intermediation, etc.
  • Advising a financial institution on the process of setting up an execution hub in Luxembourg.
  • Advising a Spanish bank on the analysis of the different vehicles available to invest in the European real estate sector.
  • Advising financial entities on their incorporation of international master-feeder structures in Spain and Luxembourg/Ireland.
  • Advising several management companies on the impact of AIFMD and the Directive of Cross-Border Distribution of Collective Investment Undertakings in their business in Spain.
  • Advising a Spanish SGIIC on the implementation of a platform to distribute its funds in Portugal.
  • Advising several foreign entities on the marketing of their funds (UCITS and FIA) in Spain and the proceeding to acquire a cross-border passport.
  • Advising financial institutions in the implementation of MiFID II into their business in Spain; Drafting of terms and conditions for private clients; Drafting of MiFID II policies;• Advising on the fee model applicable.
Languages
  • Spanish
  • English
Education
  • University of Chicago, Chicago Law School, LL.M., Illinois
  • Universidad Autónoma de Madrid, Law School, 2 year Ph.D.
  • Georgetown University, Law School, 1 year Ph.D.
  • Universidad Autónoma de Madrid, Law Degree
  • Utrecht University, Law School, Erasmus Program, Netherlands

Prior Experience

Before joining DLA Piper in 2022, she developed her professional career as head of the Asset Management and Private Banking area at another international law firm.

TEACHING EXPERIENCE

Natalia currently teaches Regulated Sectors (Banking and Finance) on the master's degree in legal Practice and the master's degree in Corporate Legal Consultancy at the University of Navarra.

Memberships And Affiliations

  • Member of the Madrid Bar Association.
  • DLA Piper's representative at the Association of Collective Investment Institutions and Pension Funds (INVERCO).
  • Member of the Spanish Compliance Association (ASCOM).

    My latest insights

    Publication
    Reflection_in_modern_building_N_2371

    EU crypto-assets regulatory framework: application of the landmark Markets in...

    13 January 2025 .3 minute read

    Publication
    Glass_High_Rise_Building_P_1064

    Citadeles nekustamie īpašumi (C-22/23): Court of Justice EU clarifies definition of...

    29 April 2024 .6 minute read

    Publication
    Financial_Stock_Graph_S_0495

    New AIFMD 2 and UCITS rules on delegation, liquidity risk management, depository and...

    16 April 2024 .12 minute read

    View All

    Connect

    Phone

    +34917901678
    (Work, Madrid)
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