Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 15

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 15
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 of the amount of covered deposits was reached, with the contributions raised until 2023, the Spanish DGS has not required the additional contribution to its institution's deposits compartment (however, it will require a contribution to its securities compartment in February 2025 according to institution's data as of December 2024).

Lastly, on 18 April 2023, the European Commission published its proposal to review the Crisis Management and Deposit Insurance (CMDI) framework. Specifically, several proposals have been submitted:

• Early intervention measures, conditions for resolution and funding for the resolution measure;

• The scope of deposit coverage, prelation order of the loss absorbency of the deposits, use of funds of the deposit guarantee schemes, cross-border cooperation and transparency; and

• Certain aspects of the minimum requirement for own funds and eligible liabilities.

These proposals imply amending regulations such as:

• CRR;

• BRRD;

• Single Resolution Mechanism Regulation (SRMR), which establishes uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism (SMR) and a Single Resolution Fund;

2024 Pillar 3 Disclosures Report 17

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

• DGSD.

The Council agreed on 19 June 2024 on its position on the revision of the CMDI, which includes a broad set of measures aiming to strengthen the current EU crisis management framework. The trialogue process was initiated in December 2024.

#### 1.3.2. Sustainability
Since the publication of the European Commission's action plan supporting EU climate and sustainable development goals for 2030, several different regulatory measures have been drawn up with the aim of generating an optimum framework for the development of sustainable finance.

In 2024 the Commission Delegated Regulation (EU) 2023/2486 was implemented, which establishes technical criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the four environmental objectives that were pending development (sustainability and protection of water and marine resources, transition to a circular economy, pollution prevention and control, and protection and restoration of biodiversity and ecosystems). Also the Commission Delegated Regulation (EU) 2023/2485 was implemented, which incorporates regulations under which a series of new economic activities (not previously included in the 2020 Taxonomy Regulation) qualify as contributing substantially to the two