There was no Spanish Reformed Sect because the Spanish Inquisition was up to the task (Thank God!).
Remember, Protestantism started at THE TOP, not the bottom of both Spanish and French society.
Carvajal had the power, but he made a deal on behalf of having a full array of missionaries. You might look him up in the Catholic Encyclopedia. If you recall that his Uncle refused last rights before his execution by the new governor of Peru, you get an idea of just how close Protestant ideas were to the Cardinal himself.
That's because no one expected the Spanish Inquisition.
Another one for your list GC.