Disclosure


Information on the intragroup exemption of margin requirements related to the European Market Infrastructure Regulation

Following the submission of the intragroup exemption of margin requirements request between Santander Consumer Bank AG and Banco Santander S.A. to their local authorities, BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) and CNMV (Comisión Nacional del Mercado de Valores) have decided in a positive way.