The insurance and pension funds sector in Spain is under the supervision of the General Directorate of Insurances and Pension Funds (GDIPF), which is in charge of controlling the insurance market and giving suitable protection to clients. The GDIPFis an administrative body that depends on the State Secretary for Economic and Business Support which is attached to the Ministry of Economic Affairs and Digital TransformationSee also Regulation 2019/2175 establishing a European Supervisory Authority (art. 46).