03/11/2009 (Agence Europe) - The European Commission has formed the view that the Spanish system managing the energy market still fails to comply with Community law on the free movement of capital. The Court of Justice of the European Communities, to which the case was referred in 2007, had already criticised the national legislation for the restrictions at issue: under royal decree-law 4/2006, a company from another member state is required to obtain authorisation from the Comisión Nacional de Energía (CNE) before it can purchase shares and holdings in a Spanish energy company (case C-207/07). The proposals put forward by Spain during discussions with the Commission did not fully meet the requirements of the Court ruling, according to a Commission press release published on Thursday of last week - hence the letter of formal notice issued that same day. (C.D./transl.rt)