Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 182

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 182
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 representatives of BBVA and FINRA in May 2024, BBVA understands that                                                                                                                                         
 such application for authorization may only be submitted by Sabadell Securities USA, Inc. in accordance with applicable regulations and that if Sabadell Securities USA, Inc. fails to submit the application prior to the settlement of the exchange  
 offer, BBVA would be required to cause Sabadell Securities USA, Inc. to submit the application as soon as practicable after the settlement of the exchange offer. As of the date of this offer to exchange/prospectus, BBVA is not aware that Sabadell 
 Securities USA, Inc. has applied for or received authorization from FINRA.                                                                                                                                                                             |

| • | If the exchange offer is completed without the prior filing of an application with FINRA, Sabadell Securities                                                                                                                        
 USA, Inc. may be subject to the sanctions regime established by FINRA under FINRA Rule 1017 and applicable FINRA Sanctions Guidelines, including the suspension and expulsion of Sabadell Securities USA, Inc. as a member of FINRA. |

The relevant authorization or non-opposition from the competent regulatory supervisory bodies set forth in items (i) to (x) and (xii) above were obtained on the respective dates indicated therein. Completion of the exchange offer is not conditioned upon obtaining the authorization of FINRA set forth in item (xi) above, and, as a result, the exchange offer will be completed even if FINRA does not provide this authorization by the expiration date. The exchange offer has also been notified to the European Commission pursuant to Regulation (EU) 2022/2560 of the European Parliament and of the Council of December 14, 2022, on foreign subsidies that distort the internal market. This authorization was obtained on November 26, 2024. See “Risk Factors—Risks Relating to the Exchange Offer—Completion of the exchange offer is not conditioned on the obtainment of a regulatory authorization of FINRA, and if such authorization is not obtained, and the exchange offer is completed, the business, financial condition and results of operations of BBVA and Banco Sabadell may be adversely affected”. TSB Sale On June 16, 2025, Banco Sabadell published an inside information notice registered with the CNMV with registry number 2776 confirming that it had received preliminary non-binding expressions of interest for the acquisition of the entire share capital of TSB and that it would assess any potential binding offer. On July 1,