Banco Popular - Right To Be Heard

About the right to be heard

 

Phase I: Registration period  06 August 2018 – 14 September 2018 (12:00 noon, Brussels time)

Phase II: Submission of written comments  Details of this phase will be communicated after Phase I has been finalised

 

 

Target group

Those eligible to exercise the right to be heard are:

  1. Individuals and organisations who on 6 June 2017 were owners of capital instruments (i.e. shares or debt instruments), which were either written down or converted and then transferred to Banco Santander (“Relevant Instruments”) as a result of the implementation of the Resolution Decision in respect of Banco Popular Español S.A. adopted by the SRB on 7 June 2017 (“Affected Shareholders or Creditors”), and
  2. Persons acting on behalf of those Affected Shareholders or Creditors (“Representatives”).

 

Objective of the registration

Registration is needed to:

  1. Allow former Shareholders and Creditors of Banco Popular Español, who held Relevant Instruments, (or their representatives) to express their interest in exercising their right to be heard and to submit supporting documentation proving their eligibility as Affected Shareholder or Creditor, and
  2. Allow the SRB to verify their status as an Affected Shareholder or Creditor.

 

How to register

The online form is accessible in English and Spanish here.

Please submit:

  1. Your proof of identity (or the proof of identity of the party you are representing), and
  2. Your proof of ownership (or the proof of ownership of the party you are representing) of Relevant Instruments as of 6 June 2017.

See ‘Additional information’ section below for further information.

Documents should be uploaded in JPEG, BMP, GIF, PNG, PDF or Word format with a maximum size of 1MB per file.

Please ensure that the information you submit is correct as only the first submission per Affected Shareholder or Creditor will be considered.

Should it not be possible for the SRB to verify your status on the basis of the submission, you (or your representative) will be contacted by email and asked to provide the missing information. Only one resubmission of the additional information requested per Affected Shareholder or Creditor will be possible.

Once you have submitted the requested information, you can download a copy of your submission.

 

Additional information
Your name (or the name of the party you are representing) as declared in the registration form should be identical to the name stated on the proof of identity and the proof of ownership. In case of any discrepancies between the two, a clear explanation of the difference should be provided in section D of the registration form.

 

Examples of documents accepted as proof of identity include:

  • Natural persons – valid passport, valid national identity card, valid EU driving licence of the owner of  Relevant Instruments
  • Organisations – company constitution, articles of association, excerpt from the official register

For national identity cards and EU driving licences, both sides of the card should be visible in the uploaded document.
For documents proving the identity of organisations, the name of the organisation must be clearly legible.
The SRB reserves the right to request additional information in case the proof of identity provided is deemed inconclusive or in any way deficient.

The proof of ownership should clearly state your name and show that you or the party you are representing were/was an owner of Relevant Instruments as of 6 June 2017.  

 

Examples of documents accepted as proof of ownership include:

  • Report generated from online investment platform of investment holdings clearly showing ownership of Relevant Instruments on 6 June 2017, bearing an official stamp of the bank/brokerage firm/firm with which the securities were held.
  • Statement from a bank or brokerage firm showing the final value of the investment position immediately after 7 June 2017.
  • Official message from a bank, brokerage firm or a public authority sent to the investor notifying them that Relevant Instruments have been written down or converted and transferred as a result of the Resolution Decision.
  • Any other document issued by a bank, a brokerage firm or a public authority based on which it can be verified beyond reasonable doubt that you (or the party you are representing) are an Affected Shareholder or Creditor.

The SRB reserves the right to request additional information in case the proof of ownership provided is deemed inconclusive or in any way deficient.

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