Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 29

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 29
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 cartridges, pyrotechnic items and civil use explosives or other material to be used by the State Security Forces and Bodies), which is a new mechanism.

These Screening Mechanisms do not prohibit foreign investments in Spain; rather, they are mandatory authorization procedures to be carried out
prior to closing specific transactions. In particular, the General FDI Screening Mechanism brings the Spanish screening framework in line with that set out in the EU laws, in particular, Regulation (EU) 2019/452, which allows EU member states to
adopt mechanisms to screen FDIs in the EU. The banking activity itself is not expressly mentioned in the FDI sectors subject to the General FDI Screening Mechanism, which are the following: critical infrastructure, critical and dual-use technologies, key

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technologies for industrial leadership and training, technologies developed pursuant to projects or programs of particular interest to Spain, supply of critical inputs, sectors with access to or control to sensitive information and media. Moreover, investments by foreigners domiciled in jurisdictions designated as non-cooperative jurisdictions under Law 11/2021 and Ministerial Order HFP/115/2023 ( Orden HFP/115/2023, de 9 de febrero, por la que se determinan los pa í ses y territorios, as í como los reg í menes fiscales perjudiciales, que tienen la consideraci ó n de jurisdicciones no cooperativas), are subject to special reporting requirements. Restrictions on Foreign Investments Exchange controls and foreign investments are regulated under Law 19/2003, as amended pursuant to Royal Decree-Law8/2020, of March 17, Royal Decree-Law11/2020, of March 31, Royal Decree-Law34/2020, Royal Decree-Law20/2022, of December 27, and Royal Decree-Law1/2025, of January 28. Foreign investments are generally liberalized unless they fall within the scope of article 7 bis (enacted in March 2020) of Law 19/2003, Sole Transitional Provision of Royal Decree-Law34/2020, or —only with respect to investments in the defense sector—article 11 of Royal Decree 664/1999 (repealed by the New Spanish FDI Regulations). Article 7 bisof Law 19/2003 establishes a screening mechanism for certain investments made by non-EUand non-EFTAresidents (“foreign investors”), based on public