Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 220

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 220
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legated Regulation (EU) No. 2021/923, 25 March 2021, supplementing CRD V with regard to the regulatory technical standards on appropriate qualitative and quantitative criteria for identifying personnel categories whose professional activities have a material impact on an institution's risk profile (hereinafter, "Delegated Regulation 2021/923"), that together with Directive 2019/879, establishes a closed list of those relating to the application of reduction (malus) and recovery (clawback) clauses.

Santander implements the quantitative and qualitative criteria in the regulation to determine the members of identified staff and has further supplemented these criteria with additional internal criteria. The following persons generally qualify as identified staff based on these criteria:

• Based on qualitative criteria, staff members who work at a material business unit, such as:

◦ Members of the management body and senior management.

◦ Members of staff with managerial responsibilities with regard to the entity's control functions or significant business units.

◦ Those responsible for legal affairs, sound accounting policies and procedures, finance, including taxation and budgeting, conducting economic analysis, anti-money laundering and counter-terrorism financing, human resources, developing and implementing remuneration policy, information technology, information security, management of outsourcing arrangements for essential or important functions.

◦ Members of senior risk committees and executives with powers to initiate, approve or veto significant credit and market risk proposals.

◦ Traders authorised to take substantial positions in market risk.

◦ Members of the new products committee.

• By quantitative criteria:

◦ Staff who have received significant remuneration in the previous financial year.

◦ Managers receiving total remuneration of over €750 thousand in 2023.

◦ Managers of EU entities with more than 1,000 employees whose remuneration is in the 0.3% highest in their country.

• By internal criteria:

◦ Executives of EU entities with a given level of credit or market risk responsibility at certain non-material units.

◦ Heads of business units with a banking licence.

2024 Pillar 3 Disclosures Report 307

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

◦ Managers of the managers identified by any of the qualitative criteria.

Additional criteria have also been defined to identify and classify the units to which the above criteria are applied. These criteria are based on simple and widely recognised parameters (such as capital, gross income