Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 139

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 139
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 February 4, on urgent measures by which various directives of the European Union in the field of public procurement in certain sectors are incorporated into the Spanish legal system; private insurance; pension plans and funds; in the tax field 
 and tax litigation. On October 4, 2024, the Directorate-General of Insurance and Pension Funds confirmed its non-opposition to the indirect acquisition of control of Bansabadell Mediación, Operador de Banca-Seguros vinculado del Grupo Banco    
 Sabadell, S.A. by BBVA.                                                                                                                                                                                                                             |

| x. | The Central Bank of Morocco (Bank Al Maghrib) in relation to the indirect change of control of Banco 
 Sabadell’s branch in Casablanca (Morocco).                                                           |

| xi. | The FINRA in relation to the acquisition of indirect control of Sabadell Securities USA, Inc., U.S. 
 broker-dealer subsidiary of Banco Sabadell.                                                         |

| • | According to informal discussions between 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 (ix) and (xii) above were obtained on the respective dates indicated therein, and completion of the exchange offer is not conditioned upon obtaining the relevant authorization or non-opposition from the competent regulatory supervisory bodies set forth in items (x) and (xi) above. As a result, the exchange offer will be completed even