The National Securities Market Commission (CNMV) of Spain has granted recognition to our Certified European Financial Analyst (CEFA).

Javier de Futos, Chairman of the EFFAS Financial Accounting Commission has been appointed member of the IFRS Advisory Council as representative of the European Financial Analysts.

The Trustees of the IFRS Foundation, responsible for the oversight and governance of the International Accounting Standards Board (Board), have confirmed the appointments of several organisations and their representatives to the IFRS Advisory Council.

Last 20th of October, the EFFAS EMC Board unanimously approved theco-opting of AIAF chair Alberto Borgia, AIAF President, which term of office expires in June 2020.

We would like to thankPietro Gasparri,AIAF representative at the EFFAS EMC since June 2014 for his excellent contribution and dedication of during his term of office.

The National Securities Commission (CNV) of Argentina has granted recognition to the international professional certifications promoted by the Argentine Institute of Finance Executives (IAEF), in collaboration with the SpanishInstitute of Finance Executives (IEAF) and the European Federation of Financial Analysts Societies (EFFAS).

The CNV through the General Resolution 706 dated 09/14/2017 has granted recognition to the three training courses promoted by the Instituto Argentino de Ejecutivos de Finanzas (IAEF), being our Certified European Financial Analyst CEFA one of the qualifications receiving the distinction.