Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 701

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 701
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 to the Annual General Meeting. |

| – | Approving the creation and acquisition of shareholdings in special purpose entities or entities registered in 
 countries or territories classified as tax havens.                                                            |

| – | Approving any transaction which, due to its complexity, might undermine the transparency of the Institution and its 
 Group.                                                                                                              |

Consequently, the duties of the Board of Directors of Banco Sabadell include the obligation to approve the corporate tax policy and ensure compliance therewith by implementing an appropriate control and oversight system, which is enshrined in the general risk management and control framework of the Group. A-567

4.4.4.3 Compliance risk As regards compliance risk, one of the core aspects of the Group’s policy, and the foundation of its organisational culture, is strict compliance with all legal provisions, meaning that the achievement of business objectives must be compatible, at all times, with adherence to the law and the established legal system. To this end, the Group has a Compliance Division whose mission is to seek the highest levels of compliance with existing legislation and ensure that professional ethics are present in all areas of the Group’s activity. This Division assesses and manages compliance risk, understood as the risk of incurring legal or administrative penalties, significant financial losses or reputational damage as a result of an infringement of laws, regulations, internal rules or codes of conduct applicable to banking activity, minimising the possibility of any breaches of the foregoing, and ensuring that any breaches that do occur are identified, reported and diligently resolved. It does this by performing the following tasks:

| – | Monitoring and overseeing the adaptation to new regulations through proactive management to ensure regular and 
 systematic monitoring of legal updates.                                                                        |

| – | Identifying and periodically assessing compliance risks in the different areas of activity and contributing to their                                                        
 management in an efficient manner. To this end, establishing, applying and maintaining appropriate procedures to prevent, detect, correct and minimise any compliance risk. |

| – | Establishing, in accordance with the above, an                                                        
 up-to-date oversight and control programme, with the appropriate tools and methodologies for control. |

| – | Supervising the risk management activities carried out by the first line of defence to ensure that they are aligned 
 with the established risk policies and procedures.                                                                  |

| – | Keeping, for at least the period of time established by the legislation in force at any given time, the documentary                                                                        
 justification of the controls carried out by the Compliance Division, as well as any other policies and