# EDGAR Filing Document

**Accession Number:** 0000891478
**File Stem:** 0000891478-23-000032
**Filing Date:** 2023-2
**Character Count:** 218528
**Document Hash:** 6aa7b4bd2e54bcd38ab5815c39cb5801
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000891478-23-000032.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0000891478-23-000032

**CONFORMED SUBMISSION TYPE**: SBSE-A/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Banco Santander, S.A.
- **CENTRAL INDEX KEY:** 0000891478
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 132617929
- **STATE OF INCORPORATION:** U3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SBSE-A/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 026-00211
- **FILM NUMBER:** 23670855

**BUSINESS ADDRESS:**
- **STREET 1:** CIUDAD GRUPO SANTANDER
- **STREET 2:** BOADILLA DEL MONTE
- **CITY:** MADRID
- **STATE:** U3
- **ZIP:** 28660
- **BUSINESS PHONE:** 34 91 289 32 80

**MAIL ADDRESS:**
- **STREET 1:** CIUDAD GRUPO SANTANDER
- **STREET 2:** BOADILLA DEL MONTE
- **CITY:** MADRID
- **STATE:** U3
- **ZIP:** 28660

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO SANTANDER SA
- **DATE OF NAME CHANGE:** 20070925

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO SANTANDER CENTRAL HISPANO SA
- **DATE OF NAME CHANGE:** 19990512

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO SANTANDER S A
- **DATE OF NAME CHANGE:** 19931201

### Attached PDF Documents

**Attachment 1:** `fsevenupd.pdf`

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 1

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Instructions

READ THESE INSTRUCTIONS CAREFULLY BEFORE COMPLETING OR REVIEWING THE APPLICATION. THE FAILURE TO ANSWER ALL QUESTIONS COMPLETELY AND ACCURATELY OR THE OMISSION OF REQUIRED INFORMATION MAY RESULT IN THE DENIAL OR REVOCATION OF REGISTRATION.

### DEFINED TERMS

Words that are underlined in this form are defined terms and have the meanings contained in the Definition of Terms section.

### GENERAL

Read the Instructions and Questions Carefully

A question that is answered incorrectly because it was misread or misinterpreted can result in severe consequences, including denial or revocation of registration. Although this applies to all questions in the application, it is particularly important to the questions in the Disciplinary Information Section.

Rely Only on Advice from NFA Staff

A question that is answered incorrectly because of advice received from a lawyer, employer, a judge or anyone else (other than a member of NFA's Registration, Compliance, Legal or Information Center ("RCLI") departments) can result in severe consequences, including denial or revocation of registration. This also applies to all questions in the form, but is particularly important regarding the Disciplinary Information Section. If the language of a question in the Disciplinary Information Section requires disclosure of a matter, a "Yes" answer to the question is required no matter what other advice has been received from anyone other than NFA's RCLI staff. Additionally, the applicant or registrant remains responsible for failures to disclose even if someone completes the form on the applicant's or registrant's behalf.

Update the Information on the Application

If information provided on the application changes or a matter that would have required disclosure on the application occurs after the application is filed, the new information must be promptly filed. APs and Principals should advise their Sponsors of the new information, and the Sponsor must file the update on their behalf. The failure to promptly update information can result in severe consequences, including denial or revocation of registration.

Compliance with Disclosure Requirements of Another Regulatory Body is not Sufficient

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

With some exceptions, which are described below in the Regulatory and Financial Questions sections, if any question requires the provision of information, that information must be provided. In particular, if a question in the Disciplinary Information Section requires disclosure of a matter, the question must be answered "Yes" and additional documents must be provided even if the matter has been disclosed to another regulatory body such as FINRA, an exchange or a state regulator. Similarly, disclosure is required even if another regulatory body does NOT require disclosure of the same matter.

Call NFA with Questions

If there is any question about whether particular information must be provided, whether a particular matter must be disclosed or whether a particular question requires a "Yes" answer, call the NFA Information Center at (312) 781-1410. Representatives are available from 8:00 a.m. to 5:00 p.m., Central Time, Monday through Friday. If the advice of NFA staff is sought, a written record containing the date of the conversation, the name of the NFA staff person giving the advice and a description of the advice should be made during the conversation and kept in the event an issue concerning disclosure of the matter arises later.

## DISCIPLINARY INFORMATION SECTION

Criminal Disclosures

Some common mistakes in answering the criminal disclosure questions involve expungements, diversion programs and similar processes. The Commodity Futures Trading Commission requires a "Yes" answer even if the matter has been expunged or the records sealed, there was no adjudication or finding of guilt, the guilty plea was vacated or set aside or the matter was dismissed upon completion of the diversion program.

Another common error regarding criminal matters concerns matters that do not involve the futures industry. All criminal matters must be disclosed, even if a matter is unrelated to the futures industry, unless the case was decided in a juvenile court or under a Youth Offender law.

Regulatory Disclosures

Regulatory actions taken by the Commodity Futures Trading Commission, NFA or domestic futures exchanges do not need to be disclosed since NFA is already aware of them once they are entered into NFA's BASIC system.

Financial Disclosures

It is not necessary to disclose arbitration or CFTC reparations matters unless the applicant or registrant has failed to pay an award issued in a futures-related arbitration or an order entered in a

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

reparations matter.

Only adversary actions that a bankruptcy trustee or a trustee's attorney files must be disclosed. Adversary actions that creditors file are not disclosable. A person named as a party to an adversary action in a bankruptcy proceeding must disclose the action, even if the person is not the bankrupt person.

## ADDITIONAL DOCUMENTS

For any matter that caused a "Yes" answer, a written explanation detailing the events and conduct must be provided. That explanation can be entered on the Matter pages by giving it a name, e.g., the docket number of the case, and describing it in the text box. Alternatively, the explanation can be sent in hard copy format to NFA.

In addition to the required explanation, other documents about the matter must be sent to NFA. If court documents are unavailable, a letter from the court verifying that must be sent to NFA. If documents other than court documents are unavailable, the person must provide a written explanation for their unavailability.

Like answering the questions correctly, providing all documents to NFA is important. Failure to do so will delay the registration process and may result in a denial of the application.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 4

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Definition of Terms

(The following terms are defined solely for the purpose of using NFA's Online Registration System.)

10% OR MORE INTEREST: direct or indirect ownership of 10% or more of an applicant's or registrant's stock; entitlement to vote or empowered to sell 10% or more of an applicant's or registrant's voting securities; contribution of 10% or more of an applicant's or registrant's capital; or entitlement to 10% or more of an applicant's or registrant's net profits.

ADJUDICATION: in a criminal case, a determination by the court that the defendant is guilty or not guilty.

ADVERSARY ACTION: a lawsuit arising in or related to a bankruptcy case commenced by a creditor or bankruptcy trustee by filing a complaint with the bankruptcy court.

ALIAS: another name utilized by an individual or previously used by an entity.

CHARGE: a formal complaint, information, indictment or equivalent instrument containing an accusation of a crime.

DBA: abbreviation for Doing Business As. The firm is doing its futures, retail off-exchange forex or swaps business by this name.

### DESIGNATED SUPERVISOR:

Solely for the purpose of determining whether the Branch Manager Examination (Series 30) is required, Designated Supervisor means a person who is registered with FINRA (formerly known as NASD) as a General Securities Representative and has been designated to act as the supervisor of an office that is not an Office of Supervisory Jurisdiction ("non-OSJ"), provided that:

- either the futures activity conducted in the non-OSJ that is subject to the Designated Supervisor's supervision is limited to activity not requiring the Series 3 Examination and both the Designated Supervisor and the Branch Manager of the Office of Supervisory Jurisdiction to which the non-OSJ reports have otherwise satisfied NFA's Proficiency Requirements appropriate to their supervisory activities; or
- the activity that is conducted in the non-OSJ that requires the Series 3 Examination is supervised by the Branch Manager of the Office of Supervisory Jurisdiction to which the non-OSJ reports and both the Designated Supervisor and Branch Office Manager have passed the Series 3 Examination.

ENJOINED: subject to an injunction.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 5

**OMB Number** 3038-0072

**NFA ID** 0266796 BANCO SANTANDER SA

**Submitted By** SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

**ENTITY:** any person other than an individual.

**FELONY:** any crime classified as a felony and for states and countries that do not differentiate between a felony or misdemeanor, an offense that could result in imprisonment for any period of more than one year. The term also includes a general court martial.

**FINANCIAL SERVICES INDUSTRY:** the commodities, securities, accounting, banking, finance, insurance, law or real estate industries.

**FOUND:** subject to a determination that conduct or a rule violation has occurred. The term applies to dispositions of any type, including but not limited to consent decrees or settlements in which the findings are neither admitted nor denied or in which the findings are for settlement or record purposes only.

# **INTERNAL REVENUE CODE:**

Section 7203: Willful Failure to File Return, Supply Information or Pay Tax

Section 7204: Fraudulent Statement or Failure to Make Statement

Section 7205: Fraudulent Withholding Exemption Certificate or Failure to Supply Information

Section 7207: Fraudulent Returns, Statements or Other Documents

# **INVESTMENT RELATED STATUTES:**

- • The Commodity Exchange Act
- • The Securities Act of 1933
- • The Securities Exchange Act of 1934
- • The Public Utility Holding Company Act of 1935
- • The Trust Indenture Act of 1939
- • The Investment Advisers Act of 1940
- • The Investment Company Act of 1940
- • The Securities Investors Protection Act of 1970
- • The Foreign Corrupt Practices Act of 1977
- • Chapter 96 of Title 18 of the United States Code
- • Any similar statute of a State or foreign jurisdiction
- • Any rule, regulation or order under any such statutes; and
- • The rules of the Municipal Securities Rulemaking Board

**MISDEMEANOR:** any crime classified as a misdemeanor and for states and countries that do not differentiate between a felony or misdemeanor, an offense that could result in imprisonment for any period of at least six days but not more than one year. By way of example, an offense for which the maximum period of imprisonment is 60 days would be considered a misdemeanor. The term also includes a special court martial.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 6

**OMB Number** 3038-0072

**NFA ID** 0266796 BANCO SANTANDER SA

**Submitted By** SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

**OTHER NAME:** For firms or sole proprietors, any other name that the applicant uses or has used in the past for its futures, retail off-exchange forex or swaps business but not the name of any other legal entity that the applicant has an affiliation or association with (see DBA). For individuals, this is any name the person is or has been known by. For example, a maiden name, an alias name that you use or are known by, or a previous name if you have changed your legal name.

**PERSON:** an individual, association, partnership, corporation, limited liability company, limited liability partnership, trust, or other form of business organization.

**PRINCIPAL:** an individual who is:

- a sole proprietor of a sole proprietorship; or
- a general partner of a partnership; or
- a director, president, chief executive officer, chief operating officer or chief financial officer of a corporation, limited liability company or limited partnership; or
- in charge of a business unit, division or function of a corporation, limited liability company or limited partnership if the unit, division or function is subject to regulation by the Commission; or
- a manager, managing member or a member vested with the management authority for a limited liability company or limited liability partnership; or

an individual who directly or indirectly, through agreement, holding companies, nominees, trusts or otherwise:

- is the owner of 10% or more of the outstanding shares of any class of a registrant's stock; or
- is entitled to vote 10% or more of any class of a registrant's voting securities; or
- has the power to sell or direct the sale of 10% or more of any class of a registrant's voting securities; or
- has contributed 10% or more of a registrant's capital; or
- is entitled to receive 10% or more of a registrant's net profits; or
- has the power to exercise a controlling influence over a registrant's activities that are subject to regulation by the Commission; or

an entity that:

- is a general partner of a registrant; or
- is the direct owner of 10% or more of any class of a registrant's securities; or
- has directly contributed 10% or more of a registrant's capital unless such capital contribution consists of subordinated debt contributed by:
  - an unaffiliated bank insured by the Federal Deposit Insurance Corporation; or

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

- a United States branch or agency of an unaffiliated foreign bank that is licensed under the laws of the United States and regulated, supervised and examined by United States government authorities having regulatory responsibility for such financial institutions; or
- an insurance company subject to regulation by any State.

SELF-REGULATORY ORGANIZATION (SRO): a private, non-governmental organization authorized to set and enforce standards or conduct for an industry. NFA, FINRA (formerly known as NASD), and the securities and futures exchanges in the U.S. are examples of domestic SROs.

UNITED STATES CRIMINAL CODE:

| Section 152: | Concealment of assets, making false claims or bribery in connection with a bankruptcy |
| --- | --- |
| Section 1341, 1342 or 1343: | Mail fraud |
| Chapter 25: | Counterfeiting and forgery |
| Chapter 47: | Fraud or false statements in a matter within the jurisdiction of a United States department or agency |
| Chapter 95 or 96: | Racketeering and Racketeering Influence |

National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

### Privacy Act and Paperwork Reduction Act Notice

The information in Forms 7-R, 7-W, 8-R and 8-T and on the fingerprint card is being collected pursuant to authority granted in Sections 2c, 4f, 4k, 4n, 4s, 8a and 19 of the Commodity Exchange Act [7 U.S.C. §§ 6f, 6k, 6n, 6s, 12a and 23]. Under Section 2c, it is unlawful for anyone to engage in off-exchange foreign currency futures transactions or off-exchange foreign currency leveraged, margined or financed transactions with persons who are not eligible contract participants without registration, or exemption from registration, as a retail foreign exchange dealer, futures commission merchant, introducing broker, commodity pool operator or commodity trading advisor, as appropriate. Under Section 4d of the Commodity Exchange Act [7 U.S.C. §6d], it is unlawful for anyone to act as a futures commission merchant or introducing broker without being registered in that capacity under the Act. Under Section 4m of the Commodity Exchange Act [7 U.S.C. §6m], it is unlawful for a commodity trading advisor or commodity pool operator to make use of the mails or any means or instrumentality of interstate commerce in connection with his business as a commodity trading advisor or commodity pool operator without being registered in the appropriate capacity under the Act, except that a commodity trading advisor who, during the course of the preceding 12 months, has not furnished commodity trading advice to more than 15 persons and does not hold himself out generally to the public as a commodity trading advisor, need not register. Under Section 4s of the Commodity Exchange Act [7 U.S.C. §6s], it is unlawful for anyone to act as a swap dealer or major swap participant without being registered in that capacity under the Act. Under Section 19 of the Commodity Exchange Act [7 U.S.C. §23] and Section 31.5 of the CFTC's regulations, it is unlawful for anyone to act as a leverage transaction merchant without being registered in that capacity under the Act.

The information requested in Form 7-R is designed to assist NFA and the CFTC, as appropriate, in determining whether the application for registration should be granted or denied and to maintain the accuracy of registration files. The information in Form 7-W is designed to assist NFA and the CFTC in determining whether it would be contrary to the requirements of the Commodity Exchange Act, or any rule, regulation or order thereunder, or the public interest to permit withdrawal from registration.

The information requested in Form 8-R and on the fingerprint card will be used by the CFTC or NFA, as appropriate, as a basis for initiating an inquiry into the individual's fitness to be an associated person, floor broker or floor trader or to be a principal of a futures commission merchant, swap dealer, major swap participant, retail foreign exchange dealer, introducing broker, commodity trading advisor, commodity pool operator, leverage transaction merchant or non-natural person floor trader. Portions of the information requested in Form 8-R will be used by the CFTC and, in appropriate cases, by NFA, to confirm the registration of certain associated persons. The information requested in Form 8-T will be used by the CFTC, and, in appropriate cases, by NFA, to record the registration status of the individual and, in appropriate cases, as a basis for further inquiry into the individual's fitness to remain in business subject to the CFTC's jurisdiction.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 9

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

With the exception of the social security number, all information in Forms 8-R and 8-T must be furnished. Disclosure of the social security number is voluntary. Disclosure of the Federal employer identification number is voluntary. The social security number and the Federal employer identification number are sought pursuant to the Debt Collection Improvement Act of 1996. Under the Debt Collection Improvement Act, a social security number or a taxpayer identifying number furnished to the CFTC as part of the registration process can be used for purposes of collecting and reporting on any debt owed to the U.S. Government, including civil monetary penalties. The furnishing of a social security number or Federal employer identification number, however, assists the CFTC and NFA in identifying individuals and firms and therefore expedites the processing of those forms.

The failure by an applicant, registrant or principal to timely file a properly completed Form 7-R and all other related required filings may result in the denial of an application for registration or withdrawal thereof or, in the case of an annual records maintenance fee, treating the registrant as having petitioned for withdrawal. Failure by an applicant, registrant or principal to timely file or cause to be filed a properly completed Form 8-R or 8-T, any other required related filings, or a fingerprint card may result in the lapse, denial, suspension or revocation of registration, withdrawal of the application or other enforcement or disciplinary action by the CFTC or NFA.

With the exception of the fingerprint card, any information contained in the Personal Information Section and any information contained in Matter Information pages related to the Disciplinary Information Sections on Form 8-R and on Form 8-T or Item 7 on Form 8-W, the Forms 7-R, 7-W, 8-R and 8-T are considered by the CFTC to be public records and will be available for inspection by any person. Copies will be maintained by National Futures Association, Registration Department, Suite 1800, 300 S. Riverside Plaza, Chicago, IL 60606-6615. Further, the CFTC or NFA may disclose the fingerprint card and any other information described above to third parties pursuant to routine uses which the CFTC has published in the Federal Register or as otherwise authorized under the Privacy Act, [5 U.S.C. §552a], and the Commodity Exchange Act. Disclosure of such information may be made by the CFTC as follows: (1) in connection with administrative proceedings or matters in litigation; (2) in connection with investigations; (3) where the information is furnished to regulatory, self-regulatory and law enforcement or other governmental agencies to assist them in meeting responsibilities assigned to them by law or made available to any member of Congress who is acting in his or her capacity as a member of Congress; (4) where disclosure is required under the Freedom of Information Act [5 U.S.C. §552]; (5) in connection with an employer's hiring or retention of an employee; (6) in connection with the verification of information submitted for sponsorship purposes; (7) in other circumstances in which the withholding of such information appears unwarranted; and (8) in connection with legally required or authorized reports. Disclosure may be made by NFA in accordance with rules approved by the CFTC.

If an individual believes that the placing in the CFTC's or NFA's public files of any of the information contained in the Personal Information Section or in Matter Information pages related

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

to Disciplinary Information on Form 8-R and on Form 8-T or Item 7 on Form 8-W, or on the fingerprint card would constitute an unwarranted invasion of his personal privacy, the individual may petition the CFTC, pursuant to 17 CFR 145.9, to treat such information as confidential in response to requests under the Freedom of Information Act (FOIA) [5 U.S.C. §552]. The CFTC will make no determination as to confidential treatment of information submitted unless and until the information is the subject of an FOIA request. The filing of a petition for confidential treatment, however, does not guarantee that the information will be treated confidentially in response to an FOIA request.

Forms which have not been prepared and executed in compliance with applicable requirements may not be acceptable for filing. Acceptance of this form shall not constitute any finding that the information is true, current or complete. Misstatements or omissions of fact may constitute federal criminal violations [7 U.S.C. §13 and 18 U.S.C. §1001] or grounds for disqualification from registration.

This notice is provided in accordance with the requirements of the Privacy Act [5 U.S.C. §552a(e)(3)] and summarizes some of an individual's rights under the Privacy Act [5 U.S.C. §552a] and the Freedom of Information Act [5 U.S.C. §552]. Individuals desiring further information should consult the CFTC's regulations under the Privacy Act, 17 CFR Part 146, and under the Freedom of Information Act, 17 CFR Part 145, and the CFTC's annual notice, published in the Federal Register, pursuant to the Privacy Act, of the existence and character of each system of records maintained by the CFTC.

You are not required to provide the information requested on a form subject to the Paperwork Reduction Act unless the form displays a valid OMB Control Number.

The time needed to complete and file Form 7-R, Form 3-R, Form 7-W, Form 8-R and Form 8-T and Form 8-W may vary depending upon individual circumstances. The estimated average times are:

Form 7-R

FCM 0.5 hours

SD 1.0 hours

MSP 1.0 hours

RFED 0.5 hours

IB 0.4 hours

CPO 0.4 hours

CTA 0.4 hours

FT 0.5 hours

Form 3-R 0.1 hours

Form 7-W 0.1 hours

Form 8-R 0.8 hours

Form 8-T 0.2 hours

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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**OMB Number** 3038-0072

**NFA ID** 0266796 BANCO SANTANDER SA

**Submitted By** SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

Form 8-W 0.1 hours.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Registration Categories

NFA MEMBER

SWAP DEALER

## Membership Information

Not applicable.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Business Information

| Business Address | CIUDAD GRUPO SANTANDER EDIFICIO PEREDA 1° PLANTA AVENIDA DE CANTABRIA S/N BOADILLA DEL MONTE, MADRID 28660 SPAIN |
| --- | --- |

Phone Number +34912596514/+34912596520

Fax Number +34912570245

E-mail Address INVESTOR@GRUPOSANTANDER.COM

Website / URL WWW.SANTANDER.COM

Federal EIN Not provided.

CRD ID Not provided.

Form of Organization CORPORATION

Location SPAIN

Other Names BANCO SANTANDER
ALIAS

BANCO SANTANDER CENTRAL HISPANO SA
ALIAS

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Location of Business Records

Business Records Address

CIUDAD GRUPO SANTANDER

EDIFICIO PEREDA 1o PLANTA

AVENIDA DE CANTABRIA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

U.S. Address for Production of Business Records

BANCO SANTANDER, S.A. NEW YORK BRANCH

45 EAST 53RD STREET

NEW YORK, NY 10022

UNITED STATES

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Holding Company Information

None.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Regulator Information

Non-U.S. Regulator(s) During The Past Five Years

BANCO DE ESPAÑA

COMISIÓN NACIONAL DEL MERCADO DE VALORES (CNMV)

DIRECCIÓN GENERAL DE SEGUROS

U.S. Regulator(s)

THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

# National Futures Association

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**OMB Number** 3038-0072

**NFA ID** 0266796 BANCO SANTANDER SA

**Submitted By** SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Disciplinary Information

### Criminal Disclosures

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

**THE FIRM OR SOLE PROPRIETOR MUST ANSWER "YES" TO THE QUESTIONS ON THIS PAGE EVEN IF:**

- **ADJUDICATION** OF GUILT WAS WITHHELD OR THERE WAS NO CONVICTION; OR
- THERE WAS A CONDITIONAL DISCHARGE OR POST-CONVICTION DISMISSAL AFTER SUCCESSFUL COMPLETION OF A SENTENCE; OR
- A STATE CERTIFICATE OF RELIEF FROM DISABILITIES OR SIMILAR DOCUMENT WAS ISSUED RELIEVING THE HOLDER OF FORFEITURES, DISABILITIES OR BARS RESULTING FROM A CONVICTION; OR
- THE RECORD WAS EXPUNGED OR SEALED; OR
- A PARDON WAS GRANTED.

**THE FIRM OR SOLE PROPRIETOR MAY ANSWER "NO" IF THE CASE WAS DECIDED IN A JUVENILE COURT OR UNDER A YOUTH OFFENDER LAW.**

A. Has the firm or sole proprietor ever pled guilty or nolo contendere ("no contest") to or been convicted or found guilty of any felony in any domestic, foreign or military court? **NO**

B. Has the firm or sole proprietor ever pled guilty to or been convicted or found guilty of any misdemeanor in any domestic, foreign or military court which involves: **NO**

- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- violation of sections 7203, 7204, 7205 or 7207 of the Internal Revenue Code of 1986; or
- violation of sections 152, 1341, 1342 or 1343 or chapters 25, 47, 95 or 96 of the United States Criminal Code; or
- any transaction in or advice concerning futures, options, leverage transactions or

# National Futures Association

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Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

securities?

C. Is the firm or sole proprietor a party to any action, or is there a charge pending, the resolution of which could result in a "Yes" answer to the above questions?

NO

For any "Yes" answer to the questions above, has the firm or sole proprietor previously provided NFA or the CFTC all supplemental documentation for all matters requiring a "Yes" answer?

N/A

# National Futures Association

Firm Application (7R) Filed February 11, 2013

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Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Regulatory Disclosures

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

D. In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been permanently or temporarily enjoined after a hearing or default or as the result of a settlement, consent decree or other agreement, from engaging in or continuing any activity involving:

NO

- any transaction in or advice concerning futures, options, leverage transactions or securities; or
- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property?

E. In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been found after a hearing or default or as the result of a settlement, consent decree or other agreement, to:

NO

- have violated any provision of any investment-related statute or regulation; or
- have violated any statute, rule, regulation or order which involves embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- have willfully aided, abetted, counseled, commanded, induced or procured such violation by any other person?

F. Has the firm or sole proprietor ever been debarred by any agency of the United States from contracting with the United States?

NO

G. Has the firm or sole proprietor ever been the subject of any order issued by or a party to any agreement with a domestic or foreign regulatory authority (other than the CFTC), including but not limited to a licensing authority, or self-regulatory organization (other than NFA or a domestic futures exchange) that prevented or restricted the firm or sole proprietor's ability to engage in any business in the financial services industry?

NO

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 20

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

H. Are any of the orders or other agreements described in Question G currently in effect against the firm or sole proprietor?

NO

I. Is the firm or sole proprietor a party to any action, or is there a charge pending, the resolution of which could result in a "Yes" answer to the above questions?

YES

For any "Yes" answer to the questions above, has the firm or sole proprietor previously provided NFA or the CFTC all supplemental documentation for all matters requiring a "Yes" answer?

NO

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 21

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Financial Disclosures

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

J. Has the firm or sole proprietor ever been the subject of an adversary action brought by, or on behalf of, a bankruptcy trustee? YES

For any "Yes" answer to the question above, has the firm or sole proprietor previously provided NFA or the CFTC all supplemental documentation for all matters requiring a "Yes" answer? NO

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 22

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Contact Information

Registration Contact

JOSE MANUEL DE ARALUCE LARRAZ

CHIEF COMPLIANCE OFFICER

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893392

Fax: 0034-912570127

E-mail: JDEARALUCE@GRUPOSANTANDER.COM

Membership Contact

JOSE MARIA MAYORAL GIL-CASARES

DIRECTOR ASESORÍA JURÍDICA - DERIVADOS

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893418

Fax: 0034-912570118

E-mail: JMMAYORAL@GRUPOSANTANDER.COM

Accounting Contact

MARTA BATANERO ALMODOVAR

PAYMENT ADMINISTRATION

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893333

Fax: 0034-912570118

E-mail: MBATANERO@GRUPOSANTANDER.COM

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 23

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

### Arbitration Contact

JOSE MANUEL DE ARALUCE LARRAZ

CHIEF COMPLIANCE OFFICER

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893392

Fax: 0034-912570127

E-mail: JDEARALUCE@GRUPOSANTANDER.COM

### Compliance Contact

JOSE MANUEL DE ARALUCE LARRAZ

CHIEF COMPLIANCE OFFICER

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893392

Fax: 0034-912570127

E-mail: JDEARALUCE@GRUPOSANTANDER.COM

### Chief Compliance Officer

JOSE MANUEL DE ARALUCE LARRAZ

CHIEF COMPLIANCE OFFICER

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893392

Fax: 0034-912570127

E-mail: JDEARALUCE@GRUPOSANTANDER.COM

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 24

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

Enforcement/Compliance Communication Contact

JOSE MANUEL DE ARALUCE LARRAZ

CHIEF COMPLIANCE OFFICER

CIUDAD GRUPO SANTANDER

AVENIDA BOADILLA S/N

BOADILLA DEL MONTE, MADRID 28660

SPAIN

Phone: 0034-912893392

Fax: 0034-912570127

E-mail: JDEARALUCE@GRUPOSANTANDER.COM

National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 25

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Firm Certification Statement

BY FILING THIS FORM 7-R, THE APPLICANT AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S

certification that the answers and the information provided in the Form 7-R are true, complete and accurate and that in light of the circumstances under which the applicant has given them, the answers and statements in the Form 7-R are not misleading in any material respect;

certification that the person who electronically files the Form 7-R on behalf of the applicant is authorized by the applicant to file the Form 7-R and to make the certifications, representations, requests, acknowledgements, authorizations and agreements contained in this agreement;

certification that, if the applicant is an applicant for registration as an SD or MSP, the applicant undertakes that, no later than ninety (90) days following the date this Form 7-R is filed, it will be and shall remain in compliance with the requirement of Section 4s(b)(6) of the Act that, except to the extent otherwise specifically provided by rule, regulation or order, the applicant will not permit any person associated with it who is subject to a statutory disqualification to effect or be involved in effecting swaps on behalf of the applicant, if the applicant knows, or in the exercise of reasonable care should know, of the statutory disqualification. For the purpose of this certification, "statutory disqualification" refers to the matters addressed in Sections 8a(2) and 8a(3) of the Act and "person" means an "associated person of a swap dealer or major swap participant" as defined in Section 1a(4) of the Act and CFTC regulations thereunder;

acknowledgement that the applicant is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the Form 7-R;

acknowledgement that the applicant is responsible at all times for maintaining the information in the Form 7-R in a complete, accurate and current manner by electronically filing updates to the information contained therein;

acknowledgement that the applicant may not act as an FCM, RFED, IB, CPO, CTA or FT until registration has been granted, that the applicant may not act as a Forex Firm or Forex Dealer Member until approval as a Forex Firm or designation as an approved Forex Dealer Member has been granted and that the applicant may not act as a Swap Firm until approval as a Swap Firm has been granted; in the case of an IB, until registration or a temporary license has been granted; or in the case of an SD or MSP, until registration or provisional registration has been granted;

or until confirmation of exemption from registration as an IB, CPO or CTA pursuant to CFTC Regulation 30.5 is granted;

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 26

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

authorization that NFA may conduct an investigation to determine the applicant's fitness for registration or for confirmation of exemption from registration as an IB, CPO and CTA pursuant to CFTC Regulation 30.5 and, if applicable, NFA membership and agreement to cooperate promptly and fully, consistent with applicable Federal law, in such investigation, which investigation may include contacting foreign regulatory and law enforcement authorities, including the submission of documents and information to NFA that NFA, in its discretion, may require in connection with the applicant's application for registration, confirmation of exemption from registration as an IB, CPO and CTA pursuant to CFTC Regulation 30.5 or NFA membership;

authorization and request that any person, including but not limited to contract markets, furnish upon request to NFA or any agent acting on behalf of NFA any information requested by NFA in connection with any investigation conducted by NFA to determine the applicant's fitness for registration or for confirmation of exemption from registration as an IB, CPO and CTA pursuant to CFTC Regulation 30.5;

agreement that any person furnishing information to NFA or any agent acting on behalf of NFA in connection with the investigation so authorized is released from any and all liability of whatever nature by reason of furnishing such information to NFA or any agent acting on behalf of NFA;

agreement that, if the applicant is a foreign applicant:

subject to any applicable blocking, privacy or secrecy laws, the applicant's books and records will be available for inspection by the CFTC, the U.S. Department of Justice ("DOJ") and NFA for purposes of determining compliance with the Act, CFTC Regulations and NFA Requirements;

subject to any applicable blocking, privacy or secrecy laws, such books and records will be produced on 72 hours notice at the location in the United States stated in the Form 7-R or, in the case of an IB, CPO or CTA confirmed as exempt from registration pursuant to CFTC Regulation 30.5, at the location specified by the CFTC or DOJ, provided, however, if the applicant is applying for registration as an FCM, SD, MSP or RFED, upon specific request, such books and records will be produced on 24 hours notice except for good cause shown;

the applicant will immediately notify NFA of any changes to the location in the United States where such books and records will be produced;

except as the applicant has otherwise informed the CFTC in writing, the applicant is not subject to any blocking, privacy or secrecy laws which would interfere with or create an obstacle to full inspection of the applicant's books and records by the CFTC, DOJ and NFA;

subject to any applicable blocking, privacy or secrecy laws, the failure to provide the CFTC,

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 27

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

DOJ or NFA with access to its books and records in accordance with this agreement may be grounds for enforcement and disciplinary sanctions, denial, suspension or revocation of registration, withdrawal of confirmation of exemption from registration as an IB, CPO or CTA pursuant to CFTC Regulation 30.5, and denial, suspension or termination of NFA membership; and

subject to any applicable blocking, privacy or secrecy laws, the applicant for registration shall provide to NFA copies of any audit or disciplinary report related to the applicant for registration issued by any non-U.S. regulatory authority or non-U.S. self-regulatory organization and any required notice that the applicant for registration provides to any non-U.S. regulatory authority or non-U.S. self-regulatory organization and shall provide these copies both as part of this application and thereafter immediately upon the applicant for registration's receipt of any such report or provision of any such notice;

representation that if the applicant is an applicant for exemption from registration as an IB, CPO or CTA pursuant to CFTC Regulation 30.5:

the applicant does not act as an IB, CPO or CTA, respectively, in connection with trading on or subject to the rules of a designated contract market in the United States by, for or on behalf of any U.S. customer, client or pool;

the applicant irrevocably agrees to the jurisdiction of the Commission and state and federal courts located in the U.S. with respect to activities and transactions subject to Part 30 of the CFTC's regulations; and

the applicant would not be statutorily disqualified from registration under §8a(2) or §8a(3) of the Act and is not disqualified from registration pursuant to the laws or regulations of its home country;

an express agreement that, whenever admitted to NFA membership, the applicant and its employees shall become and remain bound by all NFA requirements, including without limitation all applicable NFA Bylaws, Compliance Rules, Financial Requirements, Registration Rules, Code of Arbitration and Member Arbitration Rules, as then and thereafter in effect, and that this agreement shall apply each time the applicant becomes a Member of NFA; and

if the applicant is applying for NFA membership, certification that the applicant has authorized the person filing this application for NFA membership to file it on the Applicant's behalf.

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 28

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

## Confidential Matter Information

### Regulatory Disclosures

Matter Name MISSELING OF PRODUCT (VALORES SANTANDER)

Matter Details THE SPANISH COMISIÓN NACIONAL DEL MERCADO DE VALORES (STOCK EXCHANGE NATIONAL COMMISSION) AND THE SPANISH MINISTRY OF ECONOMY HAVE EACH IMPOSED TO BANCO SANTANDER A FINE IN CONNECTION WITH THE SALE IN 2007 OF AN INVESTMENT PRODUCT. THE FINES IMPOSED BY THE COMISIÓN NACIONAL DEL MERCADO DE VALORES AND THE MINISTRY OF ECONOMY HAVE BEEN APPEALED. SHOULD THE APPEALS BE REJECTED, BANCO SANTANDER MAY STILL APPEAL TO THE SPANISH COURTS.

Matter Name MISSELING OF PRODUCT (PREFERENTES SERIE X)

Matter Details THE SPANISH COMISIÓN NACIONAL DEL MERCADO DE VALORES (STOCK EXCHANGE NATIONAL COMMISSION) AND THE SPANISH MINISTRY OF ECONOMY HAVE IMPOSED TO BANCO SANTANDER A FINE IN CONNECTION WITH THE SALE IN 2009 OF AN INVESTMENT PRODUCT. SHOULD THE APPEALS BE REJECTED, BANCO SANTANDER MAY STILL APPEAL TO THE SPANISH COURTS.

### Financial Disclosures

Matter Name BANKRUPCY CASE: MEDITERRANEO HISPA GROUP, S.A.

Matter Details ON JANUARY 26, 2011, NOTICE WAS SERVED ON THE BANK OF AN ANCILLARY INSOLVENCY CLAIM TO ANNUL ACTS DETRIMENTAL TO THE ASSETS AVAILABLE TO CREDITORS AS A PART OF THE VOLUNTARY INSOLVENCY PROCEEDINGS OF MEDITERRANEO HISPA GROUP S. A. AT THE MURCIA COMMERCIAL COURT N°2. THE AIM OF THE PRINCIPAL ACTION IS TO REQUEST ANNULMENT OF THE APPLICATION OF THE PROCEEDS OBTAINED BY THE COMPANY UNDERGOING INSOLVENCY FROM AN ASSET SALE AND PURCHASE

# National Futures Association

Firm Application (7R) Filed February 11, 2013

Page 29

OMB Number 3038-0072

NFA ID 0266796 BANCO SANTANDER SA

Submitted By SUAREZCASTROC CARLOS ANDRES SUAREZ CASTRO

TRANSACTION INVOLVING EUROS 31,704,000 IN PRINCIPAL AND EUROS 2,711,567 IN INTEREST. ON NOVEMBER 24, 2011, THE HEARING WAS HELD WITH THE EXAMINATION OF THE PROPOSED EVIDENCE. ON FEBRUARY 29, 2012, FINAL EVIDENCE WAS PRODUCED. COURT DECISION IS PENDING.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM FINANCIAL DISCLOSURE QUESTION J CHANGED

**QUESTION:** Has the firm or sole proprietor ever been the subject of an adversary action brought by, or on behalf of, a bankruptcy trustee?

**ANSWER:** NO

**FILED BY:** NFRGPTA

**FILED ON:** 8/8/2013 9:13:49 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** CONFIDENTIAL MATTER INFORMATION; MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** IN MARCH 2011, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - 'CNMV') INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO SANTANDER, S.A. WITH REGARD TO CERTAIN ASPECTS OF THE INITIAL AND SUBSEQUENT COMMERCIALIZATION OF VALORES SANTANDER (A FINANCIAL PRODUCT THAT GRANTED HOLDERS THE OPTION TO VOLUNTARILY CONVERT SECURITIES INTO SHARES OF BANCO SANTANDER, S.A. ON FOUR OCCASIONS BEFORE OCTOBER 4, 2012, THE DATE ON WHICH ANY OUTSTANDING SECURITIES WERE MANDATORILY/AUTOMATICALLY CONVERTED). IN MAY 2013, UPON THE COMPLETION OF THE ADMINISTRATIVE PROCEEDINGS, THE SPANISH MINISTRY OF ECONOMY AND COMPETITION ISSUED ITS DECISION IN WHICH IT FOUND THAT BANCO SANTANDER, S.A. HAD COMMITTED A SERIOUS INFRINGEMENT AND A VERY SERIOUS INFRINGEMENT. TWO SANCTIONS WERE IMPOSED ON BANCO SANTANDER, S.A. FOR A TOTAL AMOUNT OF EUR 16.9 MILLION: A SANCTION OF EUR 10 MILLION FOR THE SERIOUS INFRINGEMENT, WHICH CONSISTED OF A FAILURE TO OBTAIN RELEVANT INFORMATION FROM THE CLIENTS REGARDING THEIR INVESTMENT PREFERENCES PRIOR TO THE INITIAL COMMERCIALIZATION OF THE FINANCIAL PRODUCT; AND A SANCTION OF EUR 6.9 MILLION FOR THE VERY SERIOUS INFRINGEMENT, WHICH ALSO BASICALLY CONSISTED OF THE FAILURE TO OBTAIN FROM AND PROVIDE TO THE CLIENTS INFORMATION DURING THE SUBSEQUENT COMMERCIALIZATION OF THE FINANCIAL PRODUCT. ACCORDING TO SPANISH LAW, THESE ADMINISTRATIVE PROCEEDINGS ARE CONFIDENTIAL AND THE ADMINISTRATIVE DECISION CAN ONLY BE MADE PUBLIC ONCE THE FINAL DECISION ON THE INFRINGEMENT PROCEEDINGS HAS BEEN TAKEN BY THE COMPETENT PUBLIC AUTHORITY. NEVERTHELESS, EVEN AT THAT STAGE PRIVATE COMPANIES CAN APPLY TO THE COURTS FOR A PROVISIONAL STAY OF EXECUTION OF THE DECISION, INCLUDING THE SUSPENSION OF ITS PUBLICATION. ACCORDING TO

THE CASE LAW OF THE SPANISH CONTENTIOUS-ADMINISTRATIVE COURTS AND THE CONSTITUTIONAL COURT (TRIBUNAL CONSTITUCIONAL), THE DECISION OF THE SPANISH MINISTRY OF ECONOMY AND COMPETITION CANNOT BE MADE PUBLIC OR ENFORCED IN ANY WAY UNTIL THE COURT RULES ON THE APPLICATION FOR THE PROVISIONAL STAY OF EXECUTION. IN OCTOBER 2013, THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) ISSUED A RESOLUTION REJECTING THE STAY OF EXECUTION OF THE DECISION OF THE MINISTRY OF ECONOMY AND COMPETITION. NEVERTHELESS, THIS DECISION OF THE NATIONAL HIGH COURT IS NOT FINAL, AND BANCO SANTANDER, S.A. HAS FILED AN APPEAL AGAINST IT. ALSO IN OCTOBER 2013, BANCO SANTANDER, S.A. FILED WITH THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) AN APPEAL AGAINST THE DECISION IMPOSING THE SANCTION.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 11/18/2013 10:23:59 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** CONFIDENTIAL MATTER INFORMATION: MISSELLING OF PRODUCT (PREFERENTES SERIES X)

**MATTER DETAIL:** IN FEBRUARY 2012, THE CNMV INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO SANTANDER, S.A. IN CONNECTION WITH CERTAIN ISSUES RELATED TO THE COMMERCIALIZATION OF THE HYBRID INSTRUMENT PARTICIPACIONES PREFERENTES SERIE X (PREFERRED SHARES). IN JANUARY 2013, THE MINISTRY OF ECONOMY AND COMPETITION ISSUED A DECISION IMPOSING A FINE OF EUR 1 MILLION ON BANCO SANTANDER FOR A VERY SERIOUS INFRINGEMENT OF THE SECURITIES MARKET ACT. ACCORDING TO THE MINISTRY'S DECISION, BANCO SANTANDER BREACHED ITS OBLIGATION TO OBTAIN INFORMATION FROM ITS CLIENTS AND ITS ANALYSIS OF THE SUITABILITY OF THE INVESTMENT FOR ITS CLIENTS WAS DEFICIENT. FOLLOWING THE REJECTION BY THE MINISTRY OF ECONOMY AND COMPETITION OF AN APPLICATION FOR THE REEXAMINATION OF THE DECISION, IN DECEMBER 2013 BANCO SANTANDER S.A HAS FILED WITH THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) AN APPEAL AGAINST THE DECISION IMPOSING THE SANCTION. FURTHERMORE, BANCO SANTANDER, S.A. HAS LODGED AN APPEAL BEFORE THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) REQUESTING THE STAY OF EXECUTION OF THE DECISION (INCLUDING THE PUBLISHING OF THE DISCIPLINARY DECISION). IN DECEMBER 2013, SUCH REQUEST HAS BEEN PARTIALLY ACCEPTED (ACCEPTED REGARDING THE DISBURSEMENT OF THE FINE BUT NOT REGARDING THE PUBLICATION). NEVERTHELESS, THIS DECISION OF THE NATIONAL HIGH COURT IS NOT FINAL AND BANCO SANTANDER HAS FILED AN APPEAL AGAINST IT. CONSEQUENTLY, ACCORDING TO SPANISH CASE LAW, THE AUTHORITIES CANNOT ENFORCE OR MAKE PUBLIC THE DISCIPLINARY DECISION AT THIS STAGE OF THE JUDICIAL PROCEEDINGS.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 1/14/2014 10:06:31 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** IN MARCH 2011, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - 'CNMV') INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO SANTANDER, S.A. WITH REGARD TO CERTAIN ASPECTS OF THE INITIAL AND SUBSEQUENT COMMERCIALIZATION OF VALORES SANTANDER (A FINANCIAL PRODUCT THAT GRANTED HOLDERS THE OPTION TO VOLUNTARILY CONVERT SECURITIES INTO SHARES OF BANCO SANTANDER, S.A. ON FOUR OCCASIONS BEFORE OCTOBER 4, 2012, THE DATE ON WHICH ANY OUTSTANDING SECURITIES WERE MANDATORILY/AUTOMATICALLY CONVERTED). IN MAY 2013, UPON THE COMPLETION OF THE ADMINISTRATIVE PROCEEDINGS, THE SPANISH MINISTRY OF ECONOMY AND COMPETITION ISSUED ITS DECISION IN WHICH IT FOUND THAT BANCO SANTANDER, S.A. HAD COMMITTED A SERIOUS INFRINGEMENT AND A VERY SERIOUS INFRINGEMENT. TWO SANCTIONS WERE IMPOSED ON BANCO SANTANDER, S.A. FOR A TOTAL AMOUNT OF EUR 16.9 MILLION: A SANCTION OF EUR 10 MILLION FOR THE SERIOUS INFRINGEMENT, WHICH CONSISTED OF A FAILURE TO OBTAIN RELEVANT INFORMATION FROM THE CLIENTS REGARDING THEIR INVESTMENT PREFERENCES PRIOR TO THE INITIAL COMMERCIALIZATION OF THE FINANCIAL PRODUCT; AND A SANCTION OF EUR 6.9 MILLION FOR THE VERY SERIOUS INFRINGEMENT, WHICH ALSO BASICALLY CONSISTED OF THE FAILURE TO OBTAIN FROM AND PROVIDE TO THE CLIENTS INFORMATION DURING THE SUBSEQUENT COMMERCIALIZATION OF THE FINANCIAL PRODUCT. IN OCTOBER 2013, BANCO SANTANDER S.A. FILED WITH THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) AN APPEAL AGAINST THE DECISION IMPOSING THE SANCTION. THE DECISION IS PENDING. IN THE MEANTIME, THE BANK FILED A REQUEST FOR A PROVISIONAL STAY OF EXECUTION OF THE DECISION, INCLUDING THE SUSPENSION OF ITS PUBLICATION. ACCORDING TO THE CASE LAW OF THE SPANISH CONTENTIOUS-ADMINISTRATIVE COURTS AND THE CONSTITUTIONAL COURT (TRIBUNAL CONSTITUCIONAL), THE DECISION OF THE SPANISH

MINISTRY OF ECONOMY AND COMPETITION COULD NOT BE MADE PUBLIC OR ENFORCED IN ANY WAY UNTIL THE COURT HAD RULED ON THE APPLICATION FOR THE PROVISIONAL STAY OF EXECUTION. FOLLOWING THE REJECTION OF THE REQUEST FOR THE PROVISIONAL STAY OF EXECUTION, THE SANCTION HAS BEEN PUBLISHED IN THE OFFICIAL GAZETTE (BOLETÍN OFICIAL DEL ESTADO) ON FEBRUARY 17, 2014.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 2/17/2014 9:43:43 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (PREFERENTES SERIES X)

**MATTER DETAIL:** IN FEBRUARY 2012, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - “CNMV”) INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO SANTANDER, S.A. IN CONNECTION WITH CERTAIN ISSUES RELATED TO THE COMMERCIALIZATION OF PARTICIPACIONES PREFERENTES SERIES X (PREFERRED SHARES), A HYBRID INSTRUMENT. IN JANUARY 2013, THE MINISTRY OF ECONOMY AND COMPETITION ISSUED A DECISION IMPOSING A FINE OF EUR 1 MILLION ON BANCO SANTANDER S.A. FOR A VERY SERIOUS INFRINGEMENT OF THE SECURITIES MARKET ACT. ACCORDING TO THE MINISTRY’S DECISION, BANCO SANTANDER S.A. BREACHED ITS OBLIGATION TO OBTAIN INFORMATION FROM ITS CLIENTS AND ITS ANALYSIS OF THE SUITABILITY OF THE INVESTMENT FOR ITS CLIENTS WAS DEFICIENT. FOLLOWING THE REJECTION BY THE MINISTRY OF ECONOMY AND COMPETITION OF AN APPLICATION FOR THE REEXAMINATION OF THE DECISION, IN DECEMBER 2013 BANCO SANTANDER S.A. FILED WITH THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) AN APPEAL AGAINST THE DECISION IMPOSING THE SANCTION WHICH HAS NOT BEEN SOLVED YET. THE SANCTION HAS BEEN PUBLISHED IN THE OFFICIAL GAZETTE (BOLETÍN OFICIAL DEL ESTADO) ON MARCH 22ND, 2014.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 4/2/2014 9:35:15 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT’S, REGISTRANT’S OR SPONSOR’S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the

applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** CONFIDENTIAL MATTER INFORMATION: BANCO BANIF S.A.: CLASSES OF SHARES

**MATTER DETAIL:** IN JUNE 2013, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - “CNMV”) INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO BANIF, S.A. (CURRENTLY, BANCO SANTANDER, S.A., FOLLOWING THE MERGER BETWEEN THE TWO COMPANIES). ACCORDING TO THE CNMV, BANCO BANIF, S.A. FAILED TO COMPLY WITH ITS DUTY TO ACT IN THE BEST INTEREST OF ITS CLIENTS FROM JANUARY 2010 TO AUGUST 2010. IN PARTICULAR, THE CNMV CONSIDERS THAT BANCO BANIF, S.A. MAY HAVE BREACHED ITS OBLIGATIONS AS CERTAIN CLIENTS ACQUIRED SHARES OF FUNDS WITH HIGHER COMMISSIONS THAN OTHER SHARES OF THE SAME FUNDS. THESE ADMINISTRATIVE PROCEEDINGS HAVE NOT YET CONCLUDED.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 4/4/2014 8:51:04 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT’S, REGISTRANT’S OR SPONSOR’S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** CONFIDENTIAL MATTER INFORMATION: LA SEDA DE BARCELONA

**MATTER DETAIL:** IN FEBRUARY 2014, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - 'CNMV') INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO BANIF, S.A. (CURRENTLY, BANCO SANTANDER, S.A., FOLLOWING THE MERGER BETWEEN THE TWO COMPANIES). ACCORDING TO THE CNMV, BANCO BANIF, S.A. MAY HAVE FAILED TO COMPLY WITH CERTAIN RULES AIMED TO AVOID MARKET MANIPULATION WITH REGARD TO THE SHARES OF THE LISTED COMPANY LA SEDA DE BARCELONA, S.A., IN THE PERIOD BETWEEN 23 FEBRUARY 2009 AND 4 MARCH 2009. THESE ADMINISTRATIVE PROCEEDINGS ARE AT THEIR MOST PRELIMINARY STAGE. THE LIST OF ACCUSATIONS (PLIEGO DE CARGOS) HAS NOT YET BEEN NOTIFIED TO THE COMPANY.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 4/4/2014 8:55:27 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material

respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** CONFIDENTIAL MATTER INFORMATION: BANCO BANIF, S.A.: CLASSES OF SHARES

**MATTER DETAIL:** IN JUNE 2013, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - “CNMV”) INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO BANIF, S.A. (CURRENTLY, BANCO SANTANDER, S.A., FOLLOWING THE MERGER BETWEEN THE TWO COMPANIES). ACCORDING TO THE CNMV, BANCO BANIF, S.A. FAILED TO COMPLY WITH ITS DUTY TO ACT IN THE BEST INTEREST OF ITS CLIENTS FROM JANUARY 2010 TO AUGUST 2010. IN PARTICULAR, THE CNMV CONSIDERS THAT BANCO BANIF, S.A. MAY HAVE BREACHED ITS OBLIGATIONS AS CERTAIN CLIENTS ACQUIRED SHARES OF FUNDS WITH HIGHER COMMISSIONS THAN OTHER SHARES OF THE SAME FUNDS. IN MAY 2014 THE CNMV HAS ISSUED A DECISION IMPOSING A FINE OF EUR 2 MILLION ON BANCO SANTANDER, S.A. AS SUCCESSOR OF BANCO BANIF, S.A. BANCO SANTANDER S.A. IS PREPARING AN APPEAL AGAINST THE DECISION IMPOSING THE FINE.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 5/30/2014 4:57:32 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT’S, REGISTRANT’S OR SPONSOR’S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL DISCLOSURE QUESTION C CHANGED

**QUESTION:** Is the firm or sole proprietor a party to any action, or is there a charge pending, the resolution of which could result in a 'Yes' answer to the above questions?

**ANSWER:** YES

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 10/6/2014 9:53:42 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL SUPPLEMENTAL DOCUMENTATION QUESTION ANSWERED NO

| SDDI PROCESS: | FIRMWEB |
| --- | --- |
| SDDI SECTION: | CRIMINAL DISCLOSURES |
| SUPPLEMENTAL DOCUMENTATION: | NO |
| FILED BY: | MARIA SEDANO - SEDANOM |
| FILED ON: | 10/6/2014 9:53:42 AM |

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** INVESTIGATION OF THE ISSUE AND SALE OF VALORES SANTANDER

**MATTER DETAIL:** THE AUDIENCIA NACIONAL (NATIONAL COURT) HAS STARTED PROCEEDINGS TO INVESTIGATE WHETHER THERE WAS ANY WRONGDOING IN THE ISSUE AND SALE IN 2007 OF A FINANCIAL INSTRUMENT CALLED “VALORES SANTANDER” (“VS”), THAT BANCO SANTANDER USED TO FINANCE THE ACQUISITION OF PART OF THE ABN AMRO BANKING GROUP. THIS INVESTIGATION HAS BEEN INITIATED BY A CRIMINAL COMPLAINT FILED BY A GROUP OF ABOUT 110 INVESTORS (OUT OF THE APPROXIMATELY 129,000 THAT BOUGHT VS). THE COMPLAINT ALLEGES THAT IN THE ISSUE AND COMMERCIALIZATION OF VS BANCO SANTANDER COMMITTED FRAUD, SECURITIES FRAUD, MISAPPROPRIATION, DECEITFUL ADVERTISING AND FORGERY. THESE ALLEGATIONS ARE GROUNDLESS. THIS COMPLAINT HAD PREVIOUSLY BEEN DISMISSED BY THE FISCALÍA ANTICORRUPCIÓN (A BODY IN THE PUBLIC PROSECUTOR’S SERVICE SPECIALIZED IN FINANCIAL AND CORRUPTION MATTERS) AND THE JUZGADO CENTRAL DE INSTRUCCIÓN No 2 (THE INVESTIGATING COURT IN THE AUDIENCIA NACIONAL THAT IS CONDUCTING THE INVESTIGATION). LAST JUNE THE SALA DE LO PENAL (CRIMINAL CHAMBER) OF THE AUDIENCIA NACIONAL ACCEPTED AN APPEAL FILED BY THE PLAINTIFFS AND REVOKED THE RULING DISMISSING THE PROCEEDINGS, ON THE GROUNDS THAT THE COMPLAINT HAD NOT BEEN SUFFICIENTLY INVESTIGATED. AFTER THIS DECISION BY THE CRIMINAL CHAMBER, BANCO SANTANDER HAD ACCESS TO THE FILE FOR THE FIRST TIME. THIS HAS ALLOWED BANCO SANTANDER TO PRESENT TWO LONG AND DETAILED BRIEFS (ON JULY 14TH AND SEPTEMBER 1ST), SUPPORTED BY A LARGE NUMBER OF DOCUMENTARY EXHIBITS, THAT VIGOROUSLY CONTEST ALL THE ALLEGATIONS BY THE PLAINTIFFS. THE DOCUMENTARY EVIDENCE PRODUCED WITH THE BRIEFS INCLUDES A NUMBER OF RULINGS ISSUED BY CIVIL COURTS THAT HAVE REJECTED THE MAJORITY OF THE CIVIL SUITS FILED BY INVESTORS IN VS BASED ON FACTS SIMILAR TO THOSE IN THE CRIMINAL COMPLAINT. THESE RULINGS BY CIVIL COURTS MAKE CLEAR THAT BANCO SANTANDER ACTED CORRECTLY IN

THE ISSUE AND SALE OF VS. THE BRIEFS PRESENTED BY BANCO SANTANDER HAVE REQUESTED THE DISMISSAL OF THE PROCEEDINGS. THE COURT HAS NOT DECIDED ON THIS PETITION YET. (URÍA LAW FIRM, MADRID, SEPTEMBER 23RD, 2014

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 10/6/2014 9:58:58 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** LA SEDA DE BARCELONA

**MATTER DETAIL:** IN FEBRUARY 2014, THE SPANISH NATIONAL SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES - 'CNMV') INITIATED ADMINISTRATIVE INFRINGEMENT PROCEEDINGS AGAINST BANCO BANIF, S.A. (CURRENTLY, BANCO SANTANDER, S.A., FOLLOWING THE MERGER BETWEEN THE TWO COMPANIES). ACCORDING TO THE CNMV, BANCO BANIF, S.A. MAY HAVE FAILED TO COMPLY WITH CERTAIN RULES AIMED TO AVOID MARKET MANIPULATION WITH REGARD TO THE SHARES OF THE LISTED COMPANY LA SEDA DE BARCELONA, S.A., IN THE PERIOD BETWEEN 23 FEBRUARY 2009 AND 4 MARCH 2009. IN JANUARY 2015, UPON THE COMPLETION OF THE ADMINISTRATIVE PROCEEDINGS, THE CNMV ISSUED ITS DECISION AND IMPOSED A SANCTION FOR A TOTAL AMOUNT OF EUR 50,000. THE SANCTION HAS BEEN PUBLISHED IN THE OFFICIAL GAZETTE (BOLETÍN OFICIAL DEL ESTADO) ON MAY 2ND, 2015.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 5/25/2015 4:59:00 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

FIRM REGULATORY DISCLOSURE QUESTION E CHANGED

**QUESTION:** In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been found after a hearing or default or as the result of a settlement, consent decree or other agreement, to:

- have violated any provision of any investment-related statute or regulation; or
- have violated any statute, rule, regulation or order which involves embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- have willfully aided, abetted, counseled, commanded, induced or procured such violation by any other person?

**ANSWER:** YES

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 6/10/2015 5:59:39 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant

or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

FIRM REGULATORY DISCLOSURE QUESTION E CHANGED

**QUESTION:** In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been found after a hearing or default or as the result of a settlement, consent decree or other agreement, to:

- have violated any provision of any investment-related statute or regulation; or
- have violated any statute, rule, regulation or order which involves embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- have willfully aided, abetted, counseled, commanded, induced or procured such violation by any other person?

**ANSWER:** YES

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 6/10/2015 5:59:39 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant

or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** LA SEDA DE BARCELONA

**MATTER DETAIL:** ACCORDING TO A DECISION OF THE SPANISH SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES) ('CNMV') DATED 27 JANUARY 2015, BANCO BANIF, S.A. (CURRENTLY BANCO SANTANDER, S.A., FOLLOWING THE MERGER BETWEEN THE TWO COMPANIES) COMMITTED A SERIOUS INFRINGEMENT OF ARTICLES 100W) AND 83 TER 1 OF LAW 24/1988 OF 28 JULY ON THE SECURITIES MARKET. THE CNMV STATES THAT BANCO BANIF, S.A. BREACHED MARKET MANIPULATION RULES IN RELATION TO SHARES OF THE LISTED COMPANY LA SEDA DE BARCELONA, S.A. DURING THE PERIOD FROM 23 FEBRUARY 2009 TO 4 MARCH 2009. AS A CONSEQUENCE, THE CNMV IMPOSED A FINE OF EUR 50,000 ON BANCO SANTANDER, S.A. AS THE ENTITY THAT ASSUMED BANCO BANIF, S.A.'S LIABILITY. OWING TO THE SPECIFIC CIRCUMSTANCES OF THE CASE AND THE AMOUNT OF THE FINE, IT WAS NOT CONSIDERED APPROPRIATE TO FILE AN APPEAL AGAINST THE CNMV'S DECISION. FOLLOWING THE DECISION OF 27 JANUARY 2015, THE IMPOSITION OF THE FINE WAS PUBLISHED IN THE SPANISH OFFICIAL GAZETTE (BOLETÍN OFICIAL DEL ESTADO) ON 2 MAY 2015. IT IS IMPORTANT TO NOTE THAT THIS FINE WAS NOT IMPOSED FOR EMBEZZLEMENT, THEFT, EXTORTION, FRAUD, FRAUDULENT CONVERSION, FORGERY, COUNTERFEITING, FALSE PRETENCES, BRIBERY, GAMBLING, RACKETEERING OR MISAPPROPRIATION OF FUNDS, SECURITIES OR PROPERTY.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 6/10/2015 6:00:33 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the

applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** BANCO BANIF SA: CLASSES OF SHARES

**MATTER DETAIL:** ACCORDING TO A DECISION OF THE SPANISH SECURITIES EXCHANGE COMMISSION (COMISIÓN NACIONAL DEL MERCADO DE VALORES) ('CNMV') DATED 21 MAY 2014, BANCO BANIF, S.A. (CURRENTLY BANCO SANTANDER, S.A., FOLLOWING THE MERGER BETWEEN THE TWO COMPANIES) COMMITTED A SERIOUS INFRINGEMENT OF ARTICLE 100T) OF LAW 24/1988 OF 28 JULY ON THE SECURITIES MARKET, WHICH WAS IN FORCE FROM 21 DECEMBER 2007 TO 6 MARCH 2011. SPECIFICALLY, THE CNMV CONSIDERS THAT BANCO BANIF, S.A. FAILED TO COMPLY WITH ITS DUTY TO ACT DILIGENTLY, TRANSPARENTLY AND IN THE BEST INTERESTS OF ITS CLIENTS FROM 1 JANUARY 2010 TO 31 AUGUST 2010, AND IN SO DOING BREACHED ARTICLE 79 OF THE SECURITIES MARKET LAW, BY CHARGING COMMISSIONS DURING THAT PERIOD THAT DID NOT MEET THE REQUIREMENTS OF ARTICLE 59B) OF ROYAL DECREE 217/2008 OF 15 FEBRUARY ON RULES APPLICABLE TO INVESTMENT SERVICES COMPANIES AND OTHER ENTITIES PROVIDING INVESTMENT SERVICES. AS A CONSEQUENCE, THE CNMV IMPOSED A FINE OF EUR 2 MILLION ON BANCO SANTANDER, S.A. AS THE ENTITY THAT ASSUMED BANCO BANIF, S.A.'S LIABILITY. BANCO SANTANDER, S.A. LODGED AN APPEAL BEFORE THE MINISTRY OF ECONOMY AND COMPETITION REQUESTING (I) THAT THE ORDER OF 21 MAY 2014 BE REVOKED ON THE GROUNDS THAT THE ALLEGED INFRINGEMENT DID NOT OCCUR, AND (II) FAILING THAT, A SUBSTANTIAL REDUCTION OF THE FINE IMPOSED ON THE GROUNDS THAT IT IS NOT PROPORTIONAL. THE MINISTRY OF ECONOMY AND COMPETITION HAS YET TO ISSUE A DECISION. ACCORDING TO SPANISH LAW, THE AUTHORITIES MAY NOT ENFORCE OR MAKE PUBLIC THE DISCIPLINARY DECISION AT THIS STAGE OF THE ADMINISTRATIVE PROCEEDINGS. IT IS IMPORTANT TO NOTE THAT THIS FINE WAS NOT IMPOSED FOR EMBEZZLEMENT, THEFT, EXTORTION, FRAUD, FRAUDULENT CONVERSION, FORGERY, COUNTERFEITING, FALSE PRETENCES, BRIBERY, GAMBLING, RACKETEERING OR MISAPPROPRIATION OF FUNDS, SECURITIES OR PROPERTY.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 6/10/2015 6:01:40 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** FOLLOWING THE DECISION OF THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) ON JULY 1ST 2015, WHEREBY: (A) THE SANCTION IMPOSED ON BANCO SANTANDER FOR AN AMOUNT OF EUR 10 MILLION FOR A SERIOUS INFRINGEMENT (CONSISTING OF A FAILURE TO OBTAIN RELEVANT INFORMATION FROM THE CLIENTS REGARDING THEIR INVESTMENT PREFERENCES PRIOR TO THE INITIAL COMMERCIALIZATION OF THE FINANCIAL PRODUCT) WAS CANCELED BASED AND (B) THE APPEAL TO REMOVE THE SANCTION OF EUR 6.9 MILLION WAS REJECTED; ON OCTOBER 28TH BANCO SANTANDER S.A FILED AN APPEAL (RECURSO DE CASACIÓN) WITH THE SUPREME COURT (TRIBUNAL SUPREMO) AGAINST THE DECISION IMPOSING THE SANCTION OF EUR 6.9 MILLION.

**FILED BY:** MARIA SEDANO - SEDANOM

**FILED ON:** 11/4/2015 8:55:49 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## ENFORCEMENT/COMPLIANCE COMMUNICATION CONTACT INFORMATION DELETED

| FIRST NAME: | JOSE MANUEL |
| --- | --- |
| LAST NAME: | DE ARALUCE LARRAZ |
| TITLE: | CHIEF COMPLIANCE OFFICER |
| STREET ADDRESS 1: | CIUDAD GRUPO SANTANDER |
| STREET ADDRESS 2: | AVENIDA BOADILLA S/N |
| STREET ADDRESS 3: |  |
| CITY: | BOADILLA DEL MONTE |
| STATE: |  |
| PROVINCE: | MADRID |
| COUNTRY: | SPAIN |
| ZIP CODE: | 28660 |
| PHONE NUMBER: | 0034-912893392 |
| FAX NUMBER: | 0034-912570127 |
| E-MAIL ADDRESS: | JDEARALUCE@GRUPOSANTANDER.COM |
| FILED BY: | MARIA SEDANO - SEDANOM |
| FILED ON: | 2/29/2016 6:01:03 AM |

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

# National Futures Association

Business Locations (3R)

Page 1

**Filed** February 29, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Business Information

**Business Address** CIUDAD GRUPO SANTANDER
EDIFICIO PEREDA 1o PLANTA
AVENIDA DE CANTABRIA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN

**Phone Number** +34912596514/+34912596520

**Fax Number** +34912570245

**E-mail Address** INVESTOR@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 2

**Filed** February 29, 2016
**Registrant** BANCO SANTANDER SA
**Submitted By** MARIA SEDANO

**OMB Numbers** 3038-0023 and 3038-0072
**NFA ID** 0266796
**User ID** SEDANOM

## Location of Business Records

### Business Records Address

CIUDAD GRUPO SANTANDER
EDIFICIO PEREDA 1o PLANTA
AVENIDA DE CANTABRIA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN

### U.S. Address for Production of Business Records

BANCO SANTANDER, S.A. NEW YORK BRANCH
45 EAST 53RD STREET
NEW YORK, NY 10022
UNITED STATES

# National Futures Association

Business Locations (3R)

Page 3

**Filed** February 29, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Contact Information

### Registration Contact

MARIA SEDANO VARAS
COMPLIANCE OFFICER
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912892416
E-mail: MMSEDANO@GRUPOSANTANDER.COM

### Membership Contact

JOSE MARIA MAYORAL GIL-CASARES
DIRECTOR ASESORÍA JURÍDICA - DERIVADOS
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893418
Fax: 0034-912570118
E-mail: JMMAYORAL@GRUPOSANTANDER.COM

### Accounting Contact

MARTA BATANERO ALMODOVAR
PAYMENT ADMINISTRATION
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893333
Fax: 0034-912570118
E-mail: MBATANERO@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 4

**Filed** February 29, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Arbitration Contact

MARIA SEDANO VARAS  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892416  
E-mail: MMSEDANO@GRUPOSANTANDER.COM

## Compliance Contact

MARIA SEDANO VARAS  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892416  
E-mail: MMSEDANO@GRUPOSANTANDER.COM

## Exempt Foreign Firm Contact

CARLOS CUELLAR SAORÁ-  
CIUDAD FINANCIERA GRUPO SANTANDER  
EDIFICIO ENCINAR - TESORERIA  
28660 BOADILLA DEL MONTE  
MADRID, MADRID 28660  
SPAIN  
Phone: 34 91 257 20 48  
E-mail: CCUELLAR@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 5

**Filed** February 29, 2016  
**Registrant** BANCO SANTANDER SA  
**Submitted By** MARIA SEDANO

**OMB Numbers** 3038-0023 and 3038-0072  
**NFA ID** 0266796  
**User ID** SEDANOM

## Chief Compliance Officer

MONICA LOPEZ-MONIS  
CHIEF COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912596502  
E-mail: MLOPEZMG@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

MARIA SEDANO VARAS  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892416  
E-mail: MMSEDANO@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 6

**Filed** February 29, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Registrant Certification Statement

BY FILING THIS FORM 3-R, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the Form 3-R are true, complete and accurate and that in the light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the Form 3-R are not misleading in any material respect; certification that the person who electronically files the Form 3-R on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the Form 3-R on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the Form 3-R.

# National Futures Association

Business Locations (3R)

Page 1

**Filed** April 08, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Business Information

**Business Address** CIUDAD GRUPO SANTANDER
EDIFICIO PEREDA 1o PLANTA
AVENIDA DE CANTABRIA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN

**Phone Number** +34912596514/+34912596520

**Fax Number** +34912570245

**E-mail Address** INVESTOR@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 2

**Filed** April 08, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Location of Business Records

### Business Records Address

CIUDAD GRUPO SANTANDER  
EDIFICIO PEREDA 1o PLANTA  
AVENIDA DE CANTABRIA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN

### U.S. Address for Production of Business Records

BANCO SANTANDER, S.A. NEW YORK BRANCH  
45 EAST 53RD STREET  
NEW YORK, NY 10022  
UNITED STATES

# National Futures Association

Business Locations (3R)

Page 3

**Filed** April 08, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Contact Information

### Registration Contact

MARIA SEDANO VARAS
COMPLIANCE OFFICER
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912892416
E-mail: MMSEDANO@GRUPOSANTANDER.COM

### Membership Contact

JOSE MARIA MAYORAL GIL-CASARES
DIRECTOR ASESORÍA JURÍDICA - DERIVADOS
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893418
Fax: 0034-912570118
E-mail: JMMAYORAL@GRUPOSANTANDER.COM

### Accounting Contact

MARTA BATANERO ALMODOVAR
ADMINISTRATIVE SUPPORT COSTS SGCB
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893333
Fax: 0034-912570118
E-mail: SGCBADMIN@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 4

**Filed** April 08, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Arbitration Contact

MARIA SEDANO VARAS  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892416  
E-mail: MMSEDANO@GRUPOSANTANDER.COM

## Compliance Contact

MARIA SEDANO VARAS  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892416  
E-mail: MMSEDANO@GRUPOSANTANDER.COM

## Exempt Foreign Firm Contact

CARLOS CUELLAR SAORÁ-  
CIUDAD FINANCIERA GRUPO SANTANDER  
EDIFICIO ENCINAR - TESORERIA  
28660 BOADILLA DEL MONTE  
MADRID, MADRID 28660  
SPAIN  
Phone: 34 91 257 20 48  
E-mail: CCUELLAR@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 5

**Filed** April 08, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Chief Compliance Officer

MONICA LOPEZ-MONIS  
CHIEF COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912596502  
E-mail: MLOPEZMG@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

MARIA SEDANO VARAS  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892416  
E-mail: MMSEDANO@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 6

| Filed | April 08, 2016 | OMB Numbers | 3038-0023 and 3038-0072 |
| --- | --- | --- | --- |
| Registrant | BANCO SANTANDER SA | NFA ID | 0266796 |
| Submitted By | MARIA SEDANO | User ID | SEDANOM |

---

## Registrant Certification Statement

BY FILING THIS FORM 3-R, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the Form 3-R are true, complete and accurate and that in the light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the Form 3-R are not misleading in any material respect; certification that the person who electronically files the Form 3-R on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the Form 3-R on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the Form 3-R.

# National Futures Association

Business Locations (3R)

Page 1

**Filed** June 15, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Business Information

**Business Address** CIUDAD GRUPO SANTANDER
EDIFICIO PEREDA 1o PLANTA
AVENIDA DE CANTABRIA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN

**Phone Number** +34912596514/+34912596520

**Fax Number** +34912570245

**E-mail Address** INVESTOR@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 2

**Filed** June 15, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Location of Business Records

### Business Records Address

CIUDAD GRUPO SANTANDER  
EDIFICIO PEREDA 1o PLANTA  
AVENIDA DE CANTABRIA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN

### U.S. Address for Production of Business Records

BANCO SANTANDER, S.A. NEW YORK BRANCH  
45 EAST 53RD STREET  
NEW YORK, NY 10022  
UNITED STATES

# National Futures Association

Business Locations (3R)

Page 3

**Filed** June 15, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Contact Information

### Registration Contact

JUAN MONTORO PASTOR
COMPLIANCE OFFICER
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893291
E-mail: JMONTORO@GRUPOSANTANDER.COM

### Membership Contact

JOSE MARIA MAYORAL GIL-CASARES
DIRECTOR ASESORÍA JURÍDICA - DERIVADOS
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893418
Fax: 0034-912570118
E-mail: JMMAYORAL@GRUPOSANTANDER.COM

### Accounting Contact

MARTA BATANERO ALMODOVAR
ADMINISTRATIVE SUPPORT COSTS SGCB
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893333
Fax: 0034-912570118
E-mail: SGCBADMIN@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 4

**Filed** June 15, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Arbitration Contact

IGNACIO MONREAL  
COMPLIANCE MANAGER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892149  
E-mail: IMONREAL@GRUPOSANTANDER.COM

## Compliance Contact

JUAN MONTORO PASTOR  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893291  
E-mail: JMONTORO@GRUPOSANTANDER.COM

## Exempt Foreign Firm Contact

IGNACIO MONREAL  
CIUDAD FINANCIERA GRUPO SANTANDER  
EDIFICIO ENCINAR - TESORERIA  
28660 BOADILLA DEL MONTE  
MADRID, MADRID 28660  
SPAIN  
Phone: 34 91 289 2149  
E-mail: IMONREAL@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 5

**Filed** June 15, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Chief Compliance Officer

MONICA LOPEZ-MONIS  
CHIEF COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912596502  
E-mail: MLOPEZMG@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

JUAN MONTORO PASTOR  
COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893291  
E-mail: JMONTORO@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

IGNACIO MONREAL  
COMPLIANCE MANAGER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN, MADRID  
SPAIN  
Phone: 0034912892149  
E-mail: IMONREAL@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 6

**Filed** June 15, 2016

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** MARIA SEDANO

**User ID** SEDANOM

## Registrant Certification Statement

BY FILING THIS FORM 3-R, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the Form 3-R are true, complete and accurate and that in the light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the Form 3-R are not misleading in any material respect; certification that the person who electronically files the Form 3-R on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the Form 3-R on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the Form 3-R.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) ON JUNE 30TH 2016 DISMISSED THE PROCEEDINGS IN VALORES SANTANDER. HOWEVER, ON JULY 14TH IT HAS BEEN FILED AN APPEAL AGAINST THE DISMISSING. THE COURT HAS NOT DECIDED ON THIS PETITION YET.

**FILED BY:** JUAN MONTORO PASTOR - MONTOROPASTORJ

**FILED ON:** 7/22/2016 3:24:34 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (PREFERENTES SERIES X)

**MATTER DETAIL:** IN JANUARY 2013, THE MINISTRY OF ECONOMY AND COMPETITION ISSUED A DECISION IMPOSING A FINE OF EUR 1 MILLION ON BANCO SANTANDER, S.A. FOR A VERY SERIOUS INFRINGEMENT OF THE SECURITIES MARKET ACT IN CONNECTION WITH CERTAIN ISSUES RELATED TO THE COMMERCIALIZATION OF PARTICIPACIONES PREFERENTES SERIE X (PREFERRED SHARES), A HYBRID INSTRUMENT. IN DECEMBER 2013, BANCO SANTANDER, S.A. FILED WITH THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) AN APPEAL AGAINST THE DECISION IMPOSING THE SANCTION. IN SEPTEMBER 2016, THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) CONFIRMED THE MINISTRY'S DECISION IMPOSING A FINE OF EUR 1 MILLION ON BANCO SANTANDER, S.A. OWING TO THE SPECIFIC CIRCUMSTANCES OF THE CASE, IT WAS NOT CONSIDERED APPROPRIATE TO FILE AN APPEAL AGAINST THE DECISION.

**FILED BY:** JUAN MONTORO PASTOR - MONTOROPASTORJ

**FILED ON:** 9/22/2016 4:19:53 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** BANCO BANIF SA: CLASSES OF SHARES

**MATTER DETAIL:** ON OCTOBER 14TH IT HAS BEEN RECEIVED A NOTIFICATION FROM THE SPANISH NATIONAL HIGH COURT (AUDIENCIA NACIONAL) ON THE DECISION MADE BY THAT COURT ON SEPTEMBER 29TH BY WHICH THE APPEAL FILED BY THE BANK TO REMOVE THE SANCTION OF 2 MILLION EUROS WAS REJECTED. IT HAS BEEN RECENTLY DECIDED THAT BANCO SANTANDER WILL FILE ANOTHER APPEAL AGAINST THE LATTER DECISION.

**FILED BY:** JUAN MONTORO PASTOR - MONTOROPASTORJ

**FILED ON:** 11/10/2016 8:49:34 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** FRENCH PROCEEDING PART I

**MATTER DETAIL:** ON JUNE 15, 2017, AN INVESTIGATING MAGISTRATE ('JUGE D'INSTRUCTION') OF THE CRIMINAL COURT OF LYON, FRANCE ('TRIBUNAL DE GRANDE INSTANCE DE LYON') ISSUED A DECISION TO SEND BANCO SANTANDER, S.A. (AS A LEGAL ENTITY) AND SIX INDIVIDUALS (NOT RELATED TO BANCO SANTANDER, S.A.) TO TRIAL BEFORE SAID CRIMINAL COURT OF LYON, PURSUANT TO WHICH BANCO SANTANDER S.A. WAS CHARGED WITH THE FOLLOWING TWO OFFENSES UNDER THE FRENCH PENAL CODE: ART. 313-1 OF THE FRENCH PENAL CODE: COMPLICITY IN A SCAM. ART. 324-1 OF FRENCH PENAL CODE: MONEY LAUNDERING. THIS ORDER IS THE FINAL PROCEDURAL STEP OF A CRIMINAL INVESTIGATION OPENED IN 2010, RELATING TO AN ALLEGED PONZI SCHEME ORGANIZED BY FRENCH NATIONALS, IN THE CONTEXT OF WHICH A TOTAL AMOUNT OF EUR 6,540,340 WAS PAID BY 94 FRENCH INDIVIDUALS IN PHONY INVESTMENTS PRODUCTS, THIS AMOUNT BEING SUBSEQUENTLY LOST AND ALLEGEDLY DISSIPATED BY THE ALLEGED PERPETRATORS, SIX OF THEM BEING SUED IN THESE PROCEEDINGS FOR SCAM (AND ONE COUNT OF TAX FRAUD FOR ONE INDIVIDUAL). TO BE CONTINUED IN PART II

**FILED BY:** IGNACIO MONREAL - MONREALI

**FILED ON:** 7/24/2017 2:41:44 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section

9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** FERNCH PROCEEDING PART II

**MATTER DETAIL:** THE ALLEGATIONS UNDERLYING THE CHARGES AGAINST BANCO SANTANDER, S.A. ARE THAT: BY ALLOWING ONE OF THE INDIVIDUALS INVOLVED IN THE ALLEGED PONZI SCHEME (MR. JEROME LAFARGE) TO OPEN A BANK ACCOUNT IN THE IRUN BRANCH OF BANCO SANTANDER UNDER THE NAME OF A NON-EXISTING FRENCH COMPANY (EURL MARTINS INVESTISSEMENT), ON MARCH 31, 2007, BANCO SANTANDER ACTED AS ACCOMPLICE BY AIDING AND ABETTING (“COMPLICITE PAR AIDE ET ASSISTANCE”) OF THE SCAM ALLEGEDLY PERPETRATED BY MR. LAFARGE, SAID ACCOUNT BEING LATER USED TO CASH CHECKS ISSUED BY SOME OF THE ALLEGED VICTIMS UP TO EUR 4,762,470 (COMPLICITY IN SCAM), BY ASSISTING IN INVESTING, CONCEALING OR CONVERTING THE DIRECT OR INDIRECT PRODUCTS OF SCAMS, BY ALLOWING FRAUDULENT FUNDS TO BE DEPOSITED ON BANK ACCOUNTS (MR. LAFARGE AND ITS COMPANIES HAD THREE ACTIVE ACCOUNTS IN THE IRUN BRANCH OF BANCO SANTANDER), WIRED TO OTHER ACCOUNTS HELD BY MR. LAFARGE OR WITHDRAWN IN CASH (MONEY LAUNDERING). AS A FOREIGN LEGAL ENTITY, UNDER THE TWO COUNTS MENTIONED ABOVE, BANCO SANTANDER S.A. IS EXPOSED TO A MAXIMUM PENALTY OF EUR 3,750,000 IN FINES. IN THE EVENT OF A CRIMINAL CONVICTION, ADDITIONAL SANCTIONS PROVIDED BY THE FRENCH PENAL CODE (ART. 131 39) MIGHT INCLUDE (I) PROHIBITION TO EXERCISE, DIRECTLY OR INDIRECTLY ONE OR MORE SOCIAL OR PROFESSIONAL ACTIVITY IN FRANCE, EITHER PERMANENTLY OR FOR A MAXIMUM PERIOD OF FIVE YEARS, (II) PLACEMENT UNDER JUDICIAL SUPERVISION IN FRANCE FOR A MAXIMUM PERIOD OF FIVE YEARS, (III) EXCLUSION FROM FRENCH PUBLIC PROCUREMENTS, EITHER PERMANENTLY OR FOR A MAXIMUM PERIOD OF FIVE YEARS, (IV) EXCLUSION FROM THE BENEFIT OF ANY PUBLIC AID FROM FRANCE FOR A MAXIMUM PERIOD OF FIVE YEARS, BAN TO MAKE AN IPO OR ANY STOCK MARKET OPERATION IN FRANCE, EITHER PERMANENTLY OR FOR A MAXIMUM PERIOD OF FIVE YEARS, (V) FORFEITURE OF AVAILABLE ASSETS IN FRANCE. FINALLY, IN THE EVENT OF A CRIMINAL CONVICTION, ALONE OR WITH THE OTHER INDIVIDUALS SUED, BANCO SANTANDER S.A. CAN BE HELD JOINTLY AND SEVERALLY LIABLE OF ALL DAMAGES TO BE AWARDED TO VICTIMS THAT WILL BE PARTIES TO THE

UPCOMING TRIAL. THE PRECISE NUMBER OF THESE CIVIL PARTIES, AND THE TOTAL AMOUNT OF THEIR CLAIMS, ARE UNKNOWN AS OF TODAY, BEING NOTED THAT, ACCORDING TO THE FINDINGS OF THE CRIMINAL INVESTIGATION, A TOTAL AMOUNT OF EUR 6,540,340 WAS ALLEGEDLY EMBEZZLED IN THE CONTEXT OF THE SCAM. FRENCH CRIMINAL LAW DOES NOT ALLOW PUNITIVE DAMAGES, BUT CIVIL PARTIES MIGHT ASK FOR ADDITIONAL MORAL DAMAGES AND/OR LEGAL FEES IN ADDITION TO THE ABOVEMENTIONED AMOUNT IN PRINCIPAL. THE DATE OF THE UPCOMING TRIAL BEFORE THE CRIMINAL COURT OF LYON IS UNKNOWN AS OF TODAY. IN THE CONTEXT OF THIS TRIAL, BANCO SANTANDER S.A. WILL ASK FOR A DISMISSAL OF ALL CHARGES AGAINST THE BANK, BOTH ON PROCEDURAL GROUNDS AND BASED UPON A DEFENSE ON THE MERITS OF THE CASE. ANY DECISION OF THE COURT (SENTENCE OR DISCHARGE) IS LIKELY TO BE APPEALED BY THE BANK, BY THE PROSECUTOR AND/OR, TO SOME EXTENT, BY THE CIVIL PARTIES, BEFORE THE COURT OF APPEAL, SAID APPEAL BEING SUSPENSIVE. AS FAR AS TIMING IS CONCERNED, AN ENFORCEABLE DECISION IS PROBABLY NOT TO BE EXPECTED BEFORE TWO YEARS FROM TODAY.

**FILED BY:** IGNACIO MONREAL - MONREALI

**FILED ON:** 7/31/2017 12:04:29 PM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

# National Futures Association

Business Locations (3R)

Page 1

| Filed | August 22, 2017 | OMB Numbers | 3038-0023 and 3038-0072 |
| --- | --- | --- | --- |
| Registrant | BANCO SANTANDER SA | NFA ID | 0266796 |
| Submitted By | PATRICIA PANDO GUISANDE | User ID | PANDOGUISANDEP |

---

## Business Information

| Business Address | CIUDAD GRUPO SANTANDER EDIFICIO PEREDA 1o PLANTA AVENIDA DE CANTABRIA S/N BOADILLA DEL MONTE, MADRID 28660 SPAIN |
| --- | --- |
| Phone Number | +34912596514/+34912596520 |
| Fax Number | +34912570245 |
| E-mail Address | INVESTOR@GRUPOSANTANDER.COM |

---

# National Futures Association

Business Locations (3R)

Page 2

**Filed** August 22, 2017

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Location of Business Records

### Business Records Address

CIUDAD GRUPO SANTANDER  
EDIFICIO PEREDA 1o PLANTA  
AVENIDA DE CANTABRIA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN

### U.S. Address for Production of Business Records

BANCO SANTANDER, S.A. NEW YORK BRANCH  
45 EAST 53RD STREET  
NEW YORK, NY 10022  
UNITED STATES

# National Futures Association

Business Locations (3R)

Page 3

| Filed | August 22, 2017 | OMB Numbers | 3038-0023 and 3038-0072 |
| --- | --- | --- | --- |
| Registrant | BANCO SANTANDER SA | NFA ID | 0266796 |
| Submitted By | PATRICIA PANDO GUISANDE | User ID | PANDOGUISANDEP |

---

## Contact Information

### Registration Contact

PATRICIA PANDO GUISANDE  
SUBJECT MATTER EXPERT  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893005  
E-mail: PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM

### Membership Contact

JOSE MARIA MAYORAL GIL-CASARES  
DIRECTOR ASESORÍA JURÍDICA - DERIVADOS  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893418  
Fax: 0034-912570118  
E-mail: JMMAYORAL@GRUPOSANTANDER.COM

### Accounting Contact

MARTA BATANERO ALMODOVAR  
ADMINISTRATIVE SUPPORT COSTS SGCB  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893333  
Fax: 0034-912570118  
E-mail: SGCBADMIN@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 4

| Filed | August 22, 2017 | OMB Numbers | 3038-0023 and 3038-0072 |
| --- | --- | --- | --- |
| Registrant | BANCO SANTANDER SA | NFA ID | 0266796 |
| Submitted By | PATRICIA PANDO GUISANDE | User ID | PANDOGUISANDEP |

---

## Arbitration Contact

IGNACIO MONREAL FERNANDEZ  
COMPLIANCE MANAGER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912892149  
E-mail: IMONREAL@GRUPOSANTANDER.COM

## Compliance Contact

PATRICIA PANDO GUISANDE  
SUBJECT MATTER EXPERT  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893005  
E-mail: PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM

## Exempt Foreign Firm Contact

IGNACIO MONREAL  
CIUDAD FINANCIERA GRUPO SANTANDER  
EDIFICIO ENCINAR - TESORERIA  
28660 BOADILLA DEL MONTE  
MADRID, MADRID 28660  
SPAIN  
Phone: 34 91 289 2149  
E-mail: IMONREAL@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 5

| Filed | August 22, 2017 | OMB Numbers | 3038-0023 and 3038-0072 |
| --- | --- | --- | --- |
| Registrant | BANCO SANTANDER SA | NFA ID | 0266796 |
| Submitted By | PATRICIA PANDO GUISANDE | User ID | PANDOGUISANDEP |

---

## Chief Compliance Officer

MONICA LOPEZ-MONIS  
CHIEF COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912596502  
E-mail: MLOPEZMG@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

PATRICIA PANDO GUISANDE  
SUBJECT MATTER EXPERT  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893005  
E-mail: PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

IGNACIO MONREAL  
COMPLIANCE MANAGER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN, MADRID  
SPAIN  
Phone: 0034912892149  
E-mail: IMONREAL@GRUPOSANTANDER.COM

# National Futures Association

Business Locations (3R)

Page 6

**Filed** August 22, 2017

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Registrant Certification Statement

BY FILING THIS FORM 3-R, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the Form 3-R are true, complete and accurate and that in the light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the Form 3-R are not misleading in any material respect; certification that the person who electronically files the Form 3-R on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the Form 3-R on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the Form 3-R.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** BANCO BANIF SA: CLASSES OF SHARES

**MATTER DETAIL:** ON OCTOBER 18TH 2017 IT HAS BEEN RECEIVED A NOTIFICATION FROM THE SPANISH NATIONAL SUPREME COURT (TRIBUNAL SUPREMO) ON THE DECISION MADE BY THAT COURT BY WHICH THE SECOND APPEAL FILED BY THE BANK TO REMOVE THE SANCTION OF 2 MILLION EUROS WAS REJECTED. AS A CONSECUENCE THE BANK WILL SATISFY SUCH 2 MILLION EUROS.

**FILED BY:** IGNACIO MONREAL - MONREALI

**FILED ON:** 11/8/2017 2:25:02 PM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** NMCC DECISION - CASE S/DC/579/16.

**MATTER DETAIL:** IN APRIL 2016, THE COMPETITION DIRECTORATE (“CD”) OF THE SPANISH NATIONAL MARKETS AND COMPETITION COMMISSION (THE “NMCC”), THE INVESTIGATIVE BODY OF THE NMCC, LAUNCHED AN ADMINISTRATIVE INVESTIGATION INTO FOUR FINANCIAL INSTITUTIONS, INCLUDING BANCO SANTANDER, S.A. (“BANCO SANTANDER”), ON GROUNDS OF SUSPECTED ANTI-COMPETITIVE CONDUCT IN CONNECTION WITH THE OFFERING OF DERIVATIVES TO SPANISH PROJECT FINANCE CLIENTS SEEKING TO HEDGE THE INTEREST RATE RISK FROM SYNDICATED LOANS. FOLLOWING ITS INVESTIGATION, IN MARCH 2017, THE CD ISSUED A MOTION FOR RESOLUTION ALLEGING THAT BANCO SANTANDER AND THE OTHER INVESTIGATED FINANCIAL INSTITUTIONS VIOLATED SPANISH AND EUROPEAN COMPETITION LAWS (ARTICLES 1 OF LAW 15/2007 ON COMPETITION DEFENSE AND 101 TREATY ON THE FUNCTIONING OF THE EUROPEAN UNION) AS A RESULT OF (I) ANTICOMPETITIVE BUNDLING OF SYNDICATED LOANS AND INTEREST-RATE DERIVATIVES AND (II) COORDINATION BETWEEN THE HEDGING BANKS/LENDERS TO COORDINATE THE PRICE OF THE DERIVATIVES AND OFFER CLIENTS, IN EACH CASE, A PRICE DIFFERENT FROM THE “MARKET PRICE.” IN FEBRUARY 2018, THE COUNCIL OF THE NMCC, THE NMCC’S DECISION-MAKING BODY, ISSUED ITS FINAL DECISION ON THIS MATTER. THE COUNCIL DISMISSED THE FIRST ACCUSATION CONCLUDING THAT THERE WAS NOT ENOUGH EVIDENCE IN THE CASE FILE TO SUPPORT A FINDING THAT THE ALLEGED BEHAVIOR AMOUNTED TO ANTI-COMPETITIVE BUNDLING. WITH RESPECT TO THE SECOND ACCUSATION, THE COUNCIL AGREED THAT BANCO SANTANDER AND THE OTHER FINANCIAL INSTITUTIONS BREACHED THE COMPETITION LAWS DESCRIBED ABOVE. SPECIFICALLY, THE COUNCIL FOUND THAT, BETWEEN 2006 AND 2016, BANCO SANTANDER AND THE OTHER FINANCIAL INSTITUTIONS COLLUDED TO OFFER INTEREST RATE DERIVATIVES TO SPANISH PROJECT FINANCE CLIENTS UNDER CONDITIONS OTHER THAN THOSE AGREED WITH SUCH CLIENTS. AS A RESULT OF THIS VIOLATION, THE COUNCIL IMPOSED A FINE ON BANCO SANTANDER OF EUR 23.9 MILLION AND ENJOINED BANCO SANTANDER FROM CONTINUING TO ENGAGE IN THE PROHIBITED CONDUCT.

HOWEVER, IT DID NOT ENJOIN SANTANDER FROM CONTINUING ITS REGULAR ACTIVITIES CONCERNING DERIVATIVES. BANCO SANTANDER IS IN THE PROCESS OF APPEALING THE COUNCIL'S DECISION TO THE SPANISH HIGH COURT. THE CD'S MOTION FOR RESOLUTION, A 160-PAGE SPANISH DOCUMENT THAT CONTAINS THE ALLEGATIONS AT ISSUE, AND THE COUNCIL'S DECISION, A 127-PAGE SPANISH DOCUMENT THAT CONTAINS THE FINAL DISPOSITION, ARE ATTACHED. WE WOULD BE HAPPY TO PROVIDE ENGLISH TRANSLATIONS UPON REQUEST.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 3/19/2018 9:09:54 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

FIRM REGULATORY DISCLOSURE QUESTION D CHANGED

**QUESTION:** In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been permanently or temporarily **enjoined** after a hearing or default or as the result of a settlement, consent decree or other agreement, from engaging in or continuing any activity involving:

- any transaction in or advice concerning futures, options, leverage transactions or securities; or
- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property?

**ANSWER:** YES

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 3/19/2018 9:53:35 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY SUPPLEMENTAL DOCUMENTATION QUESTION ANSWERED YES

| SDDI PROCESS: | FIRMWEB |
| --- | --- |
| SDDI SECTION: | REGULATORY DISCLOSURES |
| SUPPLEMENTAL DOCUMENTATION: | YES |
| FILED BY: | PATRICIA PANDO GUISANDE - PANDOGUISANDEP |
| FILED ON: | 3/19/2018 9:53:35 AM |

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

FIRM REGULATORY DISCLOSURE QUESTION D CHANGED

**QUESTION:** In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been permanently or temporarily **enjoined** after a hearing or default or as the result of a settlement, consent decree or other agreement, from engaging in or continuing any activity involving:

- any transaction in or advice concerning futures, options, leverage transactions or securities; or
- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property?

**ANSWER:** NO

**FILED BY:** NFRGCZK

**FILED ON:** 3/23/2018 11:01:01 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** THE SPANISH SUPREME COURT (TRIBUNAL SUPREMO) ON MARCH 23RD 2018 REVOKED THE DECISION OF THE NATIONAL HIGH COURT (AUDIENCIA NACIONAL) ON JULY 1ST 2015, WHEREBY: (A) THE APPEAL TO REMOVE THE SANCTION IMPOSED IN JUNE 2012 ON BANCO SANTANDER FOR AN AMOUNT OF EUR 10 MILLION FOR A SERIOUS INFRINGEMENT (CONSISTING OF A FAILURE TO OBTAIN RELEVANT INFORMATION FROM THE CLIENTS REGARDING THEIR INVESTMENT PREFERENCES PRIOR TO THE INITIAL COMMERCIALIZATION OF THE FINANCIAL PRODUCT), WAS REJECTED; AND (B) THE APPEAL TO REMOVE THE SANCTION OF EUR 6.9 MILLION IMPOSED ON BANCO SANTANDER IN JULY 2012 WAS REJECTED. BANCO SANTANDER WILL CHALLENGE THIS DECISION FROM THE SUPREME COURT BEFORE SPANISH CONSTITUTIONAL COURT.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 4/26/2018 2:18:14 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** BANCO SANTANDER HAS CHALLENGED ON MAY 8TH 2018 THE DECISION FROM THE SUPREME COURT FROM MARCH 23RD 2018 BEFORE SPANISH CONSTITUTIONAL COURT.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 5/24/2018 11:36:40 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** FRENCH PROCEEDING

**MATTER DETAIL:** DURING JULY 2018 THE TRIAL HAS TAKEN PLACE AND THE OUTCOME IS EXPECTED TO BE KNOWN BY THE MONTH OF SEPTEMBER.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 7/25/2018 10:10:42 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** MISSELLING OF PRODUCT (VALORES SANTANDER)

**MATTER DETAIL:** ON 18 JULY 2018, SPANISH CONSTITUTIONAL COURT HAS REJECTED THE APPEAL FILED BY BANCO SANTANDER BEFORE THE DECISION FROM THE SUPREME COURT FROM 23 MARCH 2018.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 8/9/2018 5:39:24 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** INVESTIGATION OF THE ISSUE AND SALE OF VALORES SANTANDER

**MATTER DETAIL:** THE JUZGADO CENTRAL DE INSTRUCCION No 2 (CENTRAL INVESTIGATING COURT No 2) OF THE AUDIENCIA NACIONAL (NATIONAL HIGH COURT) STARTED PROCEEDINGS IN 2014 TO INVESTIGATE WHETHER THERE HAD BEEN ANY WRONGDOING IN THE ISSUE AND SALE IN 2007 OF A FINANCIAL INSTRUMENT CALLED “VALORES SANTANDER”, AFTER SOME CUSTOMERS OF BANCO SANTANDER THAT HAD PURCHASED VALORES SANTANDER FILED A CRIMINAL COMPLAINT. IN THESE PROCEEDINGS, THE JUZGADO CENTRAL DE INSTRUCCION No 2 INVESTIGATED THE ALLEGED FRAUD, SECURITIES FRAUD, MISAPPROPRIATION, DECEITFUL ADVERTISING AND FORGERY SUPPOSEDLY COMMITTED BY BANCO SANTANDER IN THE ISSUE AND COMMERCIALIZATION OF VALORES SANTANDER. THESE ACCUSATIONS WERE GROUNDLESS. THE JUZGADO CENTRAL DE INSTRUCCION No 2 INITIALLY DISMISSED THE PROCEEDINGS ON 14 APRIL 2014. THE DISMISSAL WAS APPEALED BY THE PLAINTIFFS (THE COMPLAINANTS) AND WAS SUBSEQUENTLY REVOKED BY THE SALA DE LO PENAL (CRIMINAL CHAMBER) OF THE AUDIENCIA NACIONAL, ON THE GROUNDS THAT THE COMPLAINT HAD NOT BEEN SUFFICIENTLY INVESTIGATED. FOLLOWING THIS DECISION, BANCO SANTANDER SUBMITTED TO THE JUZGADO CENTRAL DE INSTRUCCION No 2 TWO LONG AND DETAILED BRIEFS THAT CONTESTED ALL THE ALLEGATIONS MADE BY THE PLAINTIFFS. FURTHERMORE, ON 6 OCTOBER 2015, BANCO SANTANDER LODGED A MOTION REQUESTING THE DISMISSAL OF THE PROCEEDINGS. THIS REQUEST WAS SUBSEQUENTLY REITERATED IN ANOTHER BRIEF ON 8 MARCH 2016. LASTLY, THE FISCALIA ANTICORRUPCION (A SPECIAL SECTION OF THE PUBLIC PROSECUTOR’S OFFICE) SUPPORTED THIS REQUEST ON 29 APRIL 2016. AS A RESULT OF THE PREVIOUS BRIEFS, ON 30 JUNE 2016 THE JUZGADO CENTRAL DE INSTRUCCION No 2 ISSUED A RULING DISMISSING THE PROCEEDINGS (THE CRIMINAL INVESTIGATION) ON THE GROUNDS THAT NO CRIMINAL ACTIVITY WAS PROVED IN RELATION TO THE ISSUE AND SALE (COMMERCIALIZATION) OF VALORES SANTANDER. THIS DECISION WAS APPEALED BY THE PLAINTIFFS BEFORE THE SALA DE LO PENAL OF THE AUDIENCIA NACIONAL. IN SEVERAL RULINGS ISSUED IN OCTOBER AND

NOVEMBER 2016, THE SALA DE LO PENAL OF THE AUDIENCIA NACIONAL REJECTED THE APPEALS, CONSEQUENTLY CONFIRMING THE DISMISSAL OF THE PROCEEDINGS. THIS DECISION IS FINAL, AS THERE IS NO POSSIBLE FURTHER APPEAL. (URIA LAW FIRM, MADRID, SEPTEMBER 3RD, 2018)

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 9/3/2018 11:46:26 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** FRENCH PROCEEDING

**MATTER DETAIL:** THE BANK HAS BEEN ACQUITTED OF ALL CHARGES IN A RULING DATED 6 SEPTEMBER 2018, WHICH MAY BE APPEALED BY THE PUBLIC PROSECUTOR.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 9/10/2018 12:02:59 PM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** FRENCH PROCEEDING

**MATTER DETAIL:** THE TRIAL WAS HELD ON 4 AND 5 JULY 2018. THE BANK HAS BEEN ACQUITTED OF ALL CHARGES IN A RULING DATED 6 SEPTEMBER 2018. IN THIS RULING, THE COURT ANALYSES THE MERITS OF THE CASE AND CONCLUDES THAT THE BANK DID NOT COMMIT ANY CRIMINAL OFFENCE. THIS RULING MAY BE APPEALED BY THE PUBLIC PROSECUTOR BEFORE THE COURT OF APPEALS.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 9/11/2018 2:23:51 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM CRIMINAL MATTER INFORMATION FILED

**MATTER NAME:** FRENCH PROCEEDING

**MATTER DETAIL:** NEITHER THE PUBLIC PROSECUTOR NOR ANY CIVIL PARTY HAVE APPEALED THE BANK'S ACQUITTAL. NEVERTHELESS, IT SHOULD BE NOTED THAT ONE OF THE CONVICTED INDIVIDUALS, MR. JEROME LAFARGE, IS CURRENTLY MISSING AND THAT THEREFORE THE SENTENCE HAS NOT YET BEEN NOTIFIED TO HIM. ACCORDING TO FRENCH LAW, IF THE COURT MANAGES TO NOTIFY THE SENTENCE TO MR. LAFARGE, HE WILL BE ENTITLED TO FILE AN APPEAL WITHIN THE TEN DAYS FOLLOWING THE NOTIFICATION. IF THAT HAPPENED, THE PUBLIC PROSECUTOR WOULD HAVE FIVE DAYS TO OPPOSE TO MR. LAFARGE'S APPEAL AND, AS THE CASE MAY BE, TO APPEAL DECISIONS AFFECTING OTHER PARTIES (INCLUDING THE BANK'S ACQUITTAL). THUS, THEORETICALLY, IF MR. LAFARGE APPEALED THE SENTENCE, THE PUBLIC PROSECUTOR COULD HAVE AN ADDITIONAL DEADLINE TO DECIDE WHETHER TO CHALLENGE THE BANK'S ACQUITTAL. IF THE SENTENCE IS NOT NOTIFIED TO MR. LAFARGE, HE COULD PROACTIVELY APPEAL THE SENTENCE WITHIN THE SIX YEARS FOLLOWING THE DATE IT WAS ISSUED.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 10/3/2018 12:41:09 PM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## FIRM REGULATORY MATTER INFORMATION FILED

**MATTER NAME:** NOT ALLOWED INCENTIVES

**MATTER DETAIL:** IN A DECISION DATED 27 SEPTEMBER 2018, THE SPANISH NATIONAL SECURITIES MARKET COMMISSION (CNMV) FINED BANCO SANTANDER, S.A. EUR 4,500,000 FOR VIOLATING ARTICLE 284.1 OF THE CONSOLIDATED SECURITIES MARKET LAW, IN RELATION TO ARTICLE 208 OF THE SAME LAW AND ARTICLE 59 OF ROYAL DECREE 217/2008, OF 15 FEBRUARY, ON THE LEGAL FRAMEWORK GOVERNING INVESTMENT FIRMS AND OTHER FIRMS PROVIDING INVESTMENT SERVICES. THE FINE WAS IMPOSED FOR NOT ACTING IN CUSTOMERS’ BEST INTERESTS AND FOR RECEIVING IMPERMISSIBLE INCENTIVES THAT VIOLATED THE REQUIREMENT FOR INVESTMENT FIRMS TO ACT IN CUSTOMERS’ BEST INTERESTS. SPECIFICALLY, THE CNMV CONCLUDED THAT BANCO SANTANDER, S.A. INCLUDED SHARES OF COLLECTIVE INVESTMENT UNDERTAKINGS IN CUSTOMERS’ MANAGED AND ADVISED PORTFOLIOS THAT HAD HIGHER FEES THAN OTHER SUBSTANTIALLY SIMILAR AVAILABLE INVESTMENTS. THE AMOUNT OF THE PENALTY ACTUALLY PAID WAS EUR 3.6 MILLION, SINCE BANCO SANTANDER, S.A. AVAILED ITSELF OF THE REDUCTION FOR PROMPT PAYMENT. THE AFOREMENTIONED PENALTY WAS MADE PUBLIC ON NOVEMBER 27, 2018.

**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP

**FILED ON:** 12/4/2018 1:44:31 PM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT’S, REGISTRANT’S OR SPONSOR’S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section

9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

OMB Numbers 3038-0023 and 3038-0072

# Registration Information Change

NFA ID 0266796 BANCO SANTANDER SA

## ENFORCEMENT/COMPLIANCE COMMUNICATION CONTACT INFORMATION DELETED

**FIRST NAME:** IGNACIO  
**LAST NAME:** MONREAL  
**TITLE:** COMPLIANCE MANAGER  
**STREET ADDRESS 1:** CIUDAD GRUPO SANTANDER  
**STREET ADDRESS 2:** AVENIDA BOADILLA S/N  
**STREET ADDRESS 3:** BOADILLA DEL MONTE, MADRID 28660  
**CITY:** SPAIN  
**STATE:**  
**PROVINCE:** MADRID  
**COUNTRY:** SPAIN  
**ZIP CODE:**  
**PHONE NUMBER:** 0034912892149  
**FAX NUMBER:**  
**E-MAIL ADDRESS:** IMONREAL@GRUPOSANTANDER.COM  
**FILED BY:** PATRICIA PANDO GUISANDE - PANDOGUISANDEP  
**FILED ON:** 7/19/2019 7:32:58 AM

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

# National Futures Association

Business Locations

Page 1

**Filed** July 19, 2019

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Business Information

**Business Address** CIUDAD GRUPO SANTANDER
EDIFICIO PEREDA 1o PLANTA
AVENIDA DE CANTABRIA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN

**Phone Number** +34912596514/+34912596520

**Fax Number** +34912570245

**E-mail Address** INVESTOR@GRUPOSANTANDER.COM

# National Futures Association

Business Locations

Page 2

**Filed** July 19, 2019

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Location of Business Records

### Business Records Address

CIUDAD GRUPO SANTANDER
EDIFICIO PEREDA 1a PLANTA
AVENIDA DE CANTABRIA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN

### U.S. Address for Production of Business Records

BANCO SANTANDER, S.A. NEW YORK BRANCH
45 EAST 53RD STREET
NEW YORK, NY 10022
UNITED STATES

# National Futures Association

Business Locations

Page 3

**Filed** July 19, 2019

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Contact Information

### Registration Contact

PATRICIA PANDO GUISANDE
SUBJECT MATTER EXPERT
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893005
E-mail: PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM

### Membership Contact

JOSE MARIA MAYORAL GIL-CASARES
DIRECTOR ASESORÍA JURÍDICA - DERIVADOS
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893418
Fax: 0034-912570118
E-mail: JMMAYORAL@GRUPOSANTANDER.COM

### Accounting Contact

MARTA BATANERO ALMODOVAR
ADMINISTRATIVE SUPPORT COSTS SGCB
CIUDAD GRUPO SANTANDER
AVENIDA BOADILLA S/N
BOADILLA DEL MONTE, MADRID 28660
SPAIN
Phone: 0034-912893333
Fax: 0034-912570118
E-mail: SGCBADMIN@GRUPOSANTANDER.COM

# National Futures Association

Business Locations

Page 4

**Filed** July 19, 2019

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Arbitration Contact

RUBEN FERNANDEZ RODRIGUEZ-CANO  
HEAD OF MARKETS COMPLIANCE  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893273  
E-mail: RFERNANDEZ@GRUPOSANTANDER.COM

## Compliance Contact

PATRICIA PANDO GUISANDE  
SUBJECT MATTER EXPERT  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893005  
E-mail: PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM

## Exempt Foreign Firm Contact

RUBEN FERNANDEZ RODRIGUEZ-CANO  
EAD OF MARKETS COMPLIANCE  
CIUDAD FINANCIERA GRUPO SANTANDER  
MADRID, MADRID 28660  
SPAIN  
Phone: 0034-912893273  
E-mail: RFERNANDEZ@GRUPOSANTANDER.COM

# National Futures Association

Business Locations

Page 5

**Filed** July 19, 2019

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Chief Compliance Officer

MONICA LOPEZ-MONIS  
CHIEF COMPLIANCE OFFICER  
CIUDAD GRUPO SANTANDER  
AVENIDA BOADILLA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912596502  
E-mail: MLOPEZMG@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

RUBEN FERNANDEZ RODRIGUEZ-CANO  
HEAD OF MARKETS COMPLIANCE  
CIUDAD GRUPO SANTANDER  
AVENIDA CANTABRIA S/N  
BOADILLA DEL MONTE 28660  
SPAIN  
Phone: 0034-912893273  
E-mail: RFERNANDEZ@GRUPOSANTANDER.COM

## Enforcement/Compliance Communication Contact

PATRICIA PANDO GUISANDE  
SUBJECT MATTER EXPERT  
CIUDAD GRUPO SANTANDER  
AVENIDA CANTABRIA S/N  
BOADILLA DEL MONTE, MADRID 28660  
SPAIN  
Phone: 0034-912893005  
E-mail: PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM

# National Futures Association

Business Locations

Page 6

**Filed** July 19, 2019

**OMB Numbers** 3038-0023 and 3038-0072

**Registrant** BANCO SANTANDER SA

**NFA ID** 0266796

**Submitted By** PATRICIA PANDO GUISANDE

**User ID** PANDOGUISANDEP

## Registrant Certification Statement

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S

certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

# Firm Business Locations

COMMODITY FUTURES TRADING COMMISSION
NATIONAL FUTURES ASSOCIATION

Filed on June 08, 2020

NFA ID 0266796 BANCO SANTANDER SA

Submitted by PATRICIA PANDO GUISANDE (PANDOGUISANDEP)

# Business Information

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1a PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone Number | +34912596514/+34912596520 |
| Fax Number | +34912570245 |
| Email | INVESTOR@GRUPOSANTANDER.COM |
| Website/URL | WWW.SANTANDER.COM |
| CRD/IARD ID | Not provided |

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 1 of 9

Business Locations Filed on June 08, 2020

NFA ID 0266796 BANCO SANTANDER SA---

## Exempt Foreign Firm Contact Information

### Exempt Foreign Firm Contact Address

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | EAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD FINANCIERA GRUPO SANTANDER |
| City | MADRID |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893273 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 2 of 9

Business Locations Filed on June 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Location of Business Records

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1o PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 3 of 9

Business Locations Filed on June 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Registration Contact Information

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893005 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 4 of 9

Business Locations Filed on June 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Enforcement/Compliance Communication Contact Information

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893273 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |
| First Name | PATRICIA |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893005 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 5 of 9

Business Locations Filed on June 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Membership Contact Information

### Membership Contact

| First Name | JOSE MARIA |
| --- | --- |
| Last Name | MAYORAL GIL-CASARES |
| Title | DIRECTOR ASESORÍA JURÍDICA - DERIVADOS |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893418 |
| Fax | 0034-912570118 |
| Email | JMMAYORAL@GRUPOSANTANDER.COM |

### Accounting Contact

| First Name | MARTA |
| --- | --- |
| Last Name | BATANERO ALMODOVAR |
| Title | ADMINISTRATIVE SUPPORT COSTS SGCB |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893333 |
| Fax | 0034-912570118 |
| Email | SGCBADMIN@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 6 of 9

Business Locations Filed on June 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

# Arbitration Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893273 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

# Compliance Contact

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912893005 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 7 of 9

Business Locations Filed on June 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

# Chief Compliance Officer Contact

| First Name | MARJOELIN |
| --- | --- |
| Last Name | VAN HELLEMONDT |
| Title | CHIEF COMPLIANCE OFFICER |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912573549 |
| Email | MARJOLEIN.VAN.HELLEMONDT@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 8 of 9

Business Locations Filed on June 08, 2020

NFA ID 0266796 BANCO SANTANDER SA---

## Registration Certification Statement

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 9 of 9

# Firm Business Locations

COMMODITY FUTURES TRADING COMMISSION
NATIONAL FUTURES ASSOCIATION

Filed on July 08, 2020

NFA ID 0266796 BANCO SANTANDER SA

Submitted by PATRICIA PANDO GUISANDE (PANDOGUISANDEP)

# Business Information

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1a PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone Number | +34912596514/+34912596520 |
| Fax Number | +34912570245 |
| Email | INVESTOR@GRUPOSANTANDER.COM |
| Website/URL | WWW.SANTANDER.COM |
| CRD/IARD ID | Not provided |

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 1 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Exempt Foreign Firm Contact Information

### Exempt Foreign Firm Contact Address

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD FINANCIERA GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | MADRID |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 2 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Location of Business Records

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1o PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 3 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Registration Contact Information

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 4 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Enforcement/Compliance Communication Contact Information

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |
| First Name | PATRICIA |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 5 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Membership Contact Information

### Membership Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

### Accounting Contact

| First Name | MARTA |
| --- | --- |
| Last Name | BATANERO ALMODOVAR |
| Title | ADMINISTRATIVE SUPPORT COSTS SGCB |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615903968 |
| Fax | 0034-912570118 |
| Email | MBATANERO@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 6 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

# Arbitration Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

# Compliance Contact

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 7 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

# Chief Compliance Officer Contact

| First Name | MARJOELIN |
| --- | --- |
| Last Name | VAN HELLEMONDT |
| Title | CHIEF COMPLIANCE OFFICER |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912573549 |
| Email | MARJOLEIN.VAN.HELLEMONDT@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 8 of 9

Business Locations Filed on July 08, 2020  
NFA ID 0266796 BANCO SANTANDER SA---

## Registration Certification Statement

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

---

OMB Numbers 3038-0023 (exp. August 31, 2022) & 3038-0072 (exp. August 31, 2022)

Page 9 of 9

# Firm Business Locations

COMMODITY FUTURES TRADING COMMISSION
NATIONAL FUTURES ASSOCIATION

Filed on June 22, 2021

NFA ID 0266796 BANCO SANTANDER SA

Submitted by JOSE SAN ANDRES MARCO (SANANDRESMARCOJ)

# Business Information

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1a PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone Number | +34912596514/+34912596520 |
| Fax Number | +34912570245 |
| Email | INVESTOR@GRUPOSANTANDER.COM |
| Website/URL | WWW.SANTANDER.COM |
| CRD/IARD ID | Not provided |

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 1 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

## Exempt Foreign Firm Contact Information

### Exempt Foreign Firm Contact Address

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD FINANCIERA GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | MADRID |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 2 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

## Location of Business Records

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1o PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 3 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

## Registration Contact Information

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 4 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

## Enforcement/Compliance Communication Contact Information

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |
| First Name | PATRICIA |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |
| First Name | JOSE |
| Last Name | SAN ANDRES MARCO |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | +34 658 037 151 |
| Email | JOSE.SANANDRES@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 5 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

## Membership Contact Information

### Membership Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

### Accounting Contact

| First Name | MARTA |
| --- | --- |
| Last Name | BATANERO ALMODOVAR |
| Title | ADMINISTRATIVE SUPPORT COSTS SGCB |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615903968 |
| Fax | 0034-912570118 |
| Email | MBATANERO@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 6 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

# Arbitration Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

# Compliance Contact

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 7 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

# Chief Compliance Officer Contact

| First Name | MARJOELIN |
| --- | --- |
| Last Name | VAN HELLEMONDT |
| Title | CHIEF COMPLIANCE OFFICER |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912573549 |
| Email | MARJOLEIN.VAN.HELLEMONDT@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 8 of 9

Business Locations Filed on June 22, 2021  
NFA ID 0266796 BANCO SANTANDER SA---

## Registration Certification Statement

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 9 of 9

# Firm Business Locations

COMMODITY FUTURES TRADING COMMISSION
NATIONAL FUTURES ASSOCIATION

Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA

Submitted by JOSE SAN ANDRES MARCO (SANANDRESMARCOJ)

# Business Information

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1a PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone Number | +34912596514/+34912596520 |
| Fax Number | +34912570245 |
| Email | INVESTOR@GRUPOSANTANDER.COM |
| Website/URL | WWW.SANTANDER.COM |
| CRD/IARD ID | Not provided |

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 1 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

## Exempt Foreign Firm Contact Information

### Exempt Foreign Firm Contact Address

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD FINANCIERA GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | MADRID |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 2 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

## Location of Business Records

| Street Address 1 | CIUDAD GRUPO SANTANDER |
| --- | --- |
| Street Address 2 | EDIFICIO PEREDA 1o PLANTA |
| Street Address 3 | AVENIDA DE CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 3 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

## Registration Contact Information

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 4 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

## Enforcement/Compliance Communication Contact Information

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |
| First Name | PATRICIA |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |
| First Name | JOSE |
| Last Name | SAN ANDRES MARCO |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | +34 658 037 151 |
| Email | JOSE.SANANDRES@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 5 of 9

Business Locations Filed on October 25, 2022  
NFA ID 0266796 BANCO SANTANDER SA---

## Membership Contact Information

### Membership Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

### Accounting Contact

| First Name | MARTA |
| --- | --- |
| Last Name | BATANERO ALMODOVAR |
| Title | ADMINISTRATIVE SUPPORT COSTS SGCB |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615903968 |
| Fax | 0034-912570118 |
| Email | MBATANERO@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 6 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

# Arbitration Contact

| First Name | RUBEN |
| --- | --- |
| Last Name | FERNANDEZ RODRIGUEZ-CANO |
| Title | HEAD OF MARKETS COMPLIANCE |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-615902383 |
| Email | RFERNANDEZ@GRUPOSANTANDER.COM |

# Compliance Contact

| First Name | PATRICIA |
| --- | --- |
| Last Name | PANDO GUISANDE |
| Title | SUBJECT MATTER EXPERT |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA BOADILLA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-658460897 |
| Email | PATRICIA.PANDOGUISANDE@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 7 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

# Chief Compliance Officer Contact

| First Name | MARJOELIN |
| --- | --- |
| Last Name | VAN HELLEMONDT |
| Title | CHIEF COMPLIANCE OFFICER |
| Street Address 1 | CIUDAD GRUPO SANTANDER |
| Street Address 2 | AVENIDA CANTABRIA S/N |
| City | BOADILLA DEL MONTE |
| Province | MADRID |
| Zip/Postal Code | 28660 |
| Country | SPAIN |
| Phone | 0034-912573549 |
| Email | MARJOLEIN.VAN.HELLEMONDT@GRUPOSANTANDER.COM |

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 8 of 9

Business Locations Filed on October 25, 2022

NFA ID 0266796 BANCO SANTANDER SA---

## Registration Certification Statement

BY FILING THIS UPDATE, THE APPLICANT, REGISTRANT OR SPONSOR AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S, REGISTRANT'S OR SPONSOR'S certification that the answers and the information provided in the update are true, complete and accurate and that in light of the circumstances under which the applicant, registrant or sponsor has given them, the answers and statements in the update are not misleading in any material respect; certification that the person who electronically files the update on behalf of the applicant, registrant or sponsor is authorized by the applicant, registrant or sponsor to file the update on behalf of the applicant, registrant or sponsor and to make all required certifications and acknowledgements; and acknowledgement that the applicant, registrant or sponsor is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the update.

---

OMB Numbers 3038-0023 (exp. September 30, 2023) & 3038-0072 (exp. September 30, 2023)

Page 9 of 9

**Attachment 2:** `signedopinionuria2.pdf`

URÍA
MENÉNDEZ

Príncipe de Vergara, 187
Plaza de Rodrigo Uría
28002 Madrid - España
Tel +34 91 586 04 00

**Banco Santander, S.A.**
Av. de Cantabria s/n
28660 Boadilla del Monte, Madrid

**With a copy to**
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549- 1090
United States of America

Madrid, 23 March 2022

Dear Sirs,

**Re: SEC Registration as a Non-resident Security-based Swap Dealer**

We, Uría Menéndez Abogados, S.L.P. ("**UM**"), are acting as Spanish counsel to Banco Santander S.A. (the "**Bank**"), in connection with its application for registration as non-US security-based swap ("**SBS**") dealer ("**SBSD**") with the United States Securities and Exchange Commission ("**SEC**").

Terms beginning with capital letters but not defined in this letter will have the meanings set out in the MOU between SEC and ECB and the MOU between SEC, CNMV and BdE, as both defined further in this opinion.

**1. Background**

We have been requested to provide an opinion in connection with certain issues of Spanish law based on the facts described hereinafter with respect to:

(i) access by or on behalf of the SEC to the Books and Records relating to the Covered Activities; and
(ii) any On-Site Inspection1 by the SEC taking place in Spain.

This legal opinion is provided in order to satisfy the requirement in SEC Rule 15Fb2-4(c)(1)(ii) for the Bank to provide an opinion of counsel in connection with its application for registration as an SBSD.

1 The term "On-Site Inspection" will also cover the term "On-Site Visit" as defined in the MOU between SEC, CNMV and BdE.

As regards Books and Records that are relevant for the purposes of this legal opinion, they are held by the Bank as follows:

(i) some Books and Records are physically held or electronically stored in Spain (the "Spanish Books and Records"); and
(ii) some Books and Records are physically held or electronically stored in the US (the "US Books and Records").

# 2. Questions

Against this background we have been asked to analyze the following questions:

A. Can the Bank, as a matter of Spanish law, provide the SEC with prompt access to the Spanish Books and Records?
B. Can the Bank, as a matter of Spanish law, submit to On-Site Inspection its Spanish Books and Records by the SEC?
C. Does the Bank breach Spanish law by submitting to On-Site Inspections and the examination of its US Books and Records by the SEC in the US?

# 3. Scope

This legal opinion is limited to matters of Spanish law arising in the context of (a) the access by the SEC to Spanish Books and Records, (b) the On-Site Inspections and examinations by the SEC taking place in Spain and/or (c) the on-site inspections and examinations of US Books and Records by the SEC taking place in the US.

On the basis that the Bank has the European Central Bank as "prudential regulator", and the Bank is not registered nor subject to registration with the SEC as a broker or dealer, this opinion does not cover financial records necessary to assess compliance with SEC margin and capital requirements.

# 4. Documents reviewed

For the purposes of this opinion, we have examined the following documents:

(i) the Memorandum of Understanding between the United States Securities and Exchange Commission and the European Central Bank concerning consultation, cooperation and the exchange of information related to the supervision and oversight of certain cross-border over-the-counter derivatives entities in connection with the use of substituted compliance by such entities dated August 16, 2021 (the "MOU between SEC and ECB");
(ii) the Memorandum of Understanding between the United States Securities and Exchange Commission, the Comisión Nacional del Mercado de Valores and the Banco de España concerning consultation, cooperation and the exchange of information related to the supervision and oversight of certain cross-border over-the-counter derivatives entities in connection with the use of substituted compliance by such entities dated October 2021 (the "MOU between SEC, CNMV and BdE");

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(iii) the administrative arrangement for the transfer of personal data between each of the European Economic Area (“EEA”) Authorities set out in Appendix A, including the CNMV, and each of the non-EEA Authorities set out in Appendix B, including the SEC dated May 23, 2019 and May 10, 2019, respectively (the “Data Protection Arrangement”); and
(iv) the SEC’s Order Granting Conditional Substituted Compliance in Connection with Certain Requirements Applicable to Non-U.S. Security-Based Swap Dealers and Major Security Based Swap Participants subject to regulation in the Kingdom of Spain dated October 22, 2021 (Release No. 34-93412; File No. S7-09-21) (the, “SEC Order”).

For the purposes of this opinion, we have reviewed no documents other than those mentioned in section 4.

# 5. Assumptions

In giving our opinion, we have assumed the following:

5.1 The Bank is a significant institution supervised by the CNMV and the ECB (with the participation of the BdE).
5.2 The Spanish Books and Records are held with the Bank or a group company of the Bank in the sense of article 42 of the Spanish Commercial Code.
5.3 The access to, the transmission of and the On-Site Inspections and examinations of the Books and Records are related to clients forming part of the Covered Activities (the “Relevant Clients”) and employees of the Bank based in Spain (the “Relevant Employees”).
5.4 The Relevant Clients are investment banking clients and the Books and Records are therefore not linked to the asset management, securities trading or deposit business for individual clients. None of the Relevant Clients is a natural person.
5.5 The disclosure of information and any On-Site Inspections are limited to information which is necessarily required for the supervisory, oversight and enforcement activity of the SEC with respect to the Covered Activities of the Bank.
5.6 The Books and Records may include limited personal data -as defined in the General Data Protection Regulation 2016/679 (the “GDPR”)- regarding legal representatives and contact persons of the Relevant Clients and regarding the Relevant Employees (the “Personal Data”). These Personal Data would only include basic categories of data such as identification details (name and surname) and professional contact details. The access and processing of the Personal Data by the SEC is incidental2 to the transmission of and the On-Site Inspections and examinations of the Books and Records.
5.7 The Bank or its relevant associated persons (including affiliates), as the case may be, have obtained any consents and approvals of any Relevant Clients or Relevant Employees required for the disclosure of their respective information in the relevant

2 Due to the fact that the Relevant Clients would be legal entities, the personal data that would be included in the Books and Records will be (i) personal data of legal representatives of the Bank and its Clients; and (ii) personal data of employees that may participate in a transaction. The access and processing of these personal data by the SEC will be therefore limited and incidental (i.e., the access and examination of information by the SEC will not be focused on the personal data that may be included in the Books and Records).

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Books and Records to, or to allow On-site Inspection and examination by the SEC, in each case to the extent, as considered in this Opinion, such consent or approval, as the case may be, is able to be validly given, and such consent or approval has not been revoked.

5.8 The access to, the transmission of and the On-Site Inspections and examinations of the Books and Records are exercised by the SEC and not by or on behalf of any other foreign authorities.

5.9 As regards the access to, and the transmission of, the Spanish Books and Records to the SEC and the On-Site Inspections and examinations of the Spanish Books and Records by the SEC, the SEC and/or the persons and/or organizations directly or indirectly acting on behalf of the SEC in this respect (i) are bound by official or professional secrecy, notwithstanding provisions on the public nature of proceedings and the notification of the general public about such proceedings, (ii) will use the Spanish Books and Records exclusively for the lawful supervision and oversight (including enforcement) of financial institutions and financial markets under U.S. laws and regulations and (iii) will not forward the Spanish Books and Records to other authorities, courts or bodies for any purpose other than as stated under (ii).

5.10 Neither the contractual arrangements with its clients nor any orders by, or other arrangements with, supervisory authorities or any other administrative or judicial bodies, prohibit the Bank from providing the SEC with prompt access to the Covered Books and Records, or to submit to On-site Inspection and examination by the SEC in Spain or in the U.S.

5.11 The MOU between SEC and ECB, the MOU between SEC, CNMV and BdE and the Data Protection Agreement are in full force and no notice of termination or discontinuation have been sent in accordance with them.

5.12 The SEC, ECB, CNMV and BdE, as applicable, will comply in all respects with all the provisions of the MOU between SEC and ECB, the MOU between SEC, CNMV and BdE and the Data Protection Agreement.

5.13 The Bank will keep US Books and Records in the US in accordance with the SEC rules.

**6. Question A: Can the Bank, as a matter of Spanish law, provide the SEC with prompt access to the Spanish Books and Records?**

**6.1 Blocking Statute**

Under Spanish law, there is no general restriction or prohibition in the form of a blocking statute or otherwise that would prohibit the Bank from submitting to On-site Inspection and examination by the SEC of the Bank's Spanish Books and Records in Spain or its US Books and Records in the US. Moreover, Article V of the MOU between SEC and ECB and Article V of the MOU between the SEC, CNMV and BdE provides for certain procedures to be followed in connection with On-Site Inspection. Assuming that the SEC would abide by the applicable procedures, the Bank can, as a matter of Spanish law, submit to On-site Inspection and examination by the SEC of its Spanish Books and Records in Spain.

However, the disclosure and cross-border transfer to the SEC of the information and data contained in the Spanish and/or US Books and Records, in particular personal data of

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Relevant Employees and Relevant Clients of the Bank included in the Spanish and/or US Books and Records, may be subject to certain restrictions under Spanish law. Similar restrictions may apply in respect of employee data of the individuals participating in On-site Inspection and examination in Spain.

Below we are outlining the Spanish law provisions to the extent relevant in the context of the disclosure and cross-border transfer to the SEC of the information and data contained in the Spanish and US Books and Records.

## 6.2 Bank secrecy obligations

In accordance with article 83 of Law 10/2014, of 26 June 2014, on the regulation, supervision and solvency of credit institutions (the “LOSSEC”), the Bank must hold confidential all information on balances, positions, transactions and other operations with its clients; that information may not be disclosed to third parties or disseminated.

Exceptions to this confidentiality rule are the following:

a) information which disclosure or dissemination to third parties is permitted by the client or by law; or
b) information that is requested by or must be submitted to the corresponding supervisory authorities; or
c) information that is required in order to comply with Law 10/2010 of 28 April 2010 on the prevention of money laundering and terrorist financing. In this case the information shall be disclosed in accordance with the provisions established by the client or by law; and
d) Information exchanges between credit institutions belonging to the same consolidated group.

On the basis of the aforementioned exceptions, it can be concluded that the SEC could have access to the Spanish Books and Records including information on balances, positions, transactions and other operations with the Relevant Clients without breaching article 83 of LOSSEC so long as Relevant Clients have provided a valid consent to the disclosure of information in the relevant Books and Records (as is assumed above) to the SEC or if the access is under an On-Site Inspection conducted in accordance with the MOU between SEC and ECB and/or the MOU between SEC, CNMV and BdE (see section 7 below).

## 6.3 Data protection

According to Article 44 of the GDPR and the European Data Protection Board Guidelines, the access of personal data by public or private entities (including authorities) located in third countries that do not ensure an adequate level of protection (such as the US) is required to be accompanied with appropriate safeguards (e.g. the execution of EU Standard Model Clauses between the data exporter and the data importer, as well as the adoption of supplementary guarantees, where required).

Article 49.1 GDPR provides a list of derogations that may legitimize international transfers in the absence of appropriate safeguards. However, these derogations are exemptions from the general principle that personal data may only be transferred to third countries if an adequate level of protection is provided for in the third country or if appropriate

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safeguards have been provided and the data subjects enjoy enforceable and effective rights in order to continue to benefit from their fundamental rights and safeguards. Due to this fact and in accordance with the principles inherent in EU law, the derogations must be interpreted restrictively so that the exception does not become the rule. This also implies that recourse to the derogations of Article 49 GDPR should never lead to a situation where fundamental rights might be breached.

On the basis of the aforementioned, the Bank could transfer the Personal Data:

1) if the Bank and the SEC execute controller-to-controller Standard Contractual Clauses (Commission implementing Decision (EU) 2021/915 of 4 June 2021) and implement supplementary measures, if required; or
2) if any of the following derogations (set out in Article 49 GDPR) can be considered applicable:
a) Consent (Article 49.1.(a) GDPR): “the data subject has explicitly consented to the proposed transfer, after having been informed of the possible risks of such transfers for the data subject due to the absence of an adequacy decision and appropriate safeguards”. This consent must be free, explicit, specific and informed. Thus, if a Relevant Client or a Relevant Employee does not provide his/her consent to the international transfer (or if such consent is provided but determined to be invalid)3 and no other derogation applies, his/her data will have to be removed from the accessed Books and Records.
b) Public interest (Article 49.1.(d) GDPR): “the transfer is necessary for important reasons of public interest”. Only public interests recognized in EU law or in the law of the Member State to which the controller (i.e. the Bank) is subject can lead to the application of this derogation. However, for the application of this derogation, it is not sufficient that the data transfer is requested (for example by a third country authority) for an investigation which serves a public interest of a third country which, in an abstract sense, also exists in EU or Member State law. Rather, the existence of an international agreement or convention which recognizes a certain objective and provides for international cooperation to foster that objective can be an indicator when assessing the existence of a public interest pursuant to Article 49.1.(d) GDPR, as long as the EU or the Member States are a party to that agreement or convention. In this regard we refer to the MOU between SEC, CNMV and BdE and the Data Protection Arrangement on data protection. Where transfers are made in the usual course of business or practice, the EU data protection authorities strongly encourage data exporters to

3 The free consent of the Relevant Employee could be challenged by the Spanish data protection authorities (“DPA”) due to the imbalance between the Bank and the Relevant Employee. According to the Guidelines on employment relationships issued by the Spanish DPA in May 2021: “In the context of the employment relationships, the main legal basis [to process the employees’ personal data] is the execution of the employment contract since the employees’ consent is not valid when it is provided in a context in which there is a clear imbalance between the data subject and the data controller. The imbalance position between the company and the employee requires to extreme safeguards and, in particular, the compliance with the proportionality and purpose limitation principles. Employees are almost never in a position to freely give, refuse or revoke consent, given the dependency that results from the employer/employee relationship. Given the imbalance of power, employees can only give free consent in exceptional circumstances, when no consequences at all are connected to acceptance or rejection of an offer.” (Opinion 2/2017 on data processing at work of June 2017).

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frame these by putting in place appropriate safeguards in accordance with Article 46 GDPR rather than relying on the derogation as per Article 49.1.(d) GDPR.

The MOU between SEC, CNMV and BdE (please see section 6.3.2) also mentions the potential application of other derogations such as (i) that the transfer is necessary for the performance of a contract between the data subject and the controller or for the implementation of pre-contractual measures taken at the data subject's request (Article 49.1.(b) GDPR); (ii) that the transfer is necessary for the conclusion or performance of a contract concluded in the interest of the data subject between the controller and another natural or legal person (Article 49.1.(c) GDPR); and (iii) that the transfer is necessary for compelling legitimate interests under a number of specific enumerated conditions (Article 49.1 § 2 GDPR). However, due to the incidental nature of the Personal Data (please see section 5.6), it is unclear that the Spanish Data Protection Authority may interpret that the derogations set out in Articles 49.1.(b) GDPR, 49.1.(c) GDPR and 49.1 § 2 GDPR may apply in this case (for example, regarding derogations of Article 49.1.(b) and (c), they require the existence of a contract executed between the data subject and the controller or concluded in the interest of the data subject).

In any event, when applying Article 49 GDPR, it must be taken into account that according to Article 44 GDPR each processing activity must comply with the data protection principles in Article 5 GDPR and be lawful in accordance with Article 6 GDPR.

Finally, in cases where the Personal Data are not relevant for the purposes of the access and subject to regulatory requirements, the possibility of anonymizing these Personal Data included in the Books and Records could be also explored; in such a case, the Spanish data protection rules will not apply.

#### **6.4 Conclusion**

Based on the above and subject to the qualifications set forth herein (see section 9 below), we are of the opinion that the Bank can, as a matter of Spanish law, provide the SEC with prompt access to the Spanish Books and Records provided the above-mentioned requirements imposed by applicable regulations (among others, those regarding confidentiality and data protection) are met.

#### **7. Question B: Can the Bank, as a matter of Spanish law, submit to On-Site Inspection and examination by the SEC in relation to the Spanish Books and Records?**

As a result of the sovereignty of the Kingdom of Spain and in line with the principles of international law, foreign financial market supervisory authorities may not carry out direct On-Site Inspections and examination by the SEC in relation to the Spanish Books and Records in the Bank, except if:

- (i) the Bank allows the On-site Inspection and examination by the SEC in relation to the Spanish Books and Records, provided that the confidentiality obligations and data protection regulations referred to in sections 6.2 and 6.3 respectively, are complied with, or
- (ii) the On-Site Inspections and examination by the SEC in relation to the Spanish Books and Records are conducted in accordance with the MOU between SEC and ECB and/or the MOU between SEC, CNMV and BdE.

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Both MOUs provides that the SEC may conduct On-Site Inspection of the Bank, including to inspect, examine and obtain its Books and Records directly through such On-Site Inspection where necessary in order to fulfil the SEC supervisory and oversight responsibilities in connection with Covered Activities.

In any event, in conducting On-Site Inspections, the SEC will consult and work collaboratively with the CNMV and/or the BdE and has to comply before conducting an On-Site Inspection with procedures set out in section 49 of the MOU between SEC, CNMV and BdE.

Without prejudice to the data protection considerations in 6.3 above applicable to the Relevant Employees, under Spanish law, Relevant Employees will be obliged to cooperate in any On-Site Inspection with the SEC if so requested by the Bank, as the Bank is entitled to instruct them to do so in its capacity as employer.

Therefore, based on the above and subject to the qualifications set forth herein (see section 9 below), we are of the opinion that the Bank can, as a matter of Spanish law, submit to On-site Inspection and examination by the SEC in relation to the Spanish Books and Records.

**8. Question C: Can the Bank, as a matter of Spanish law, submit to On-site Inspection and examination by the SEC in relation to its US Books and Records?**

From a Spanish regulatory standpoint, based on the assumption that any On-site Inspections and examinations of the US Books and Records occurs in the United States and, as ensured by the Bank, without the involvement of employees or other representatives or agents of the Bank or of a Bank group company located in Spain, there is no action taking place on Spanish territory, and therefore no prohibition, restriction or limitation under Spanish law apply to any On-site Inspection and examination by the SEC in relation to its US Books and Records.

From a Spanish data protection standpoint, should the Bank be considered as data controller of the US Books and Records, the On-site Inspection and examination by the SEC of the US Books and Records will be subject to the obligations set out under Spanish data protection law as above indicated.

**9. Qualifications**

The opinions set forth herein in sections 6, 7 and 8 are subject to the following qualifications:

9.1 This opinion letter relates exclusively to (i) the access provided to the SEC to the Spanish Books and Records, including such Books and Records in respect of which, for purposes of Spanish data protection laws, the Bank is an independent data controller, and (ii) On-site Inspection and examination by the SEC of the Spanish Books and Records at the Bank in Spain and the U.S. Books and Records at the Bank in the United States, as the case may be.

9.2 This opinion is confined to legal matters, and we express no opinion as to any factual matters.

9.3 Spanish legal concepts addressed in this opinion letter in the English language may not be fully equivalent to similar concepts that may be familiar to a foreign court. This opinion

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letter may therefore only be relied upon under the condition that this opinion letter shall be governed by Spanish law and construed in accordance with Spanish rules of construction and that issues of interpretation of this opinion must be brought before a Spanish court.

9.4 The opinions expressed herein are limited to the laws of Spain as in force on the date hereof and as currently applied and construed by the courts of Spain and/or the Court of Justice of the European Union. In the absence of statutory or established case law, we base our opinion on our independent professional judgement. We have not investigated and do not express or imply any opinion herein concerning any other laws, including without limitation with respect to the law of the place of booking of the SBS.

9.5 No opinion is expressed as to the accuracy of the facts set out or referred to in the documents reviewed or the factual background assumed therein.

9.6 We express no opinion on matters of fact and we assume no obligation to advise the Bank of any changes of factual or legal matters relevant to this legal opinion that may be brought to our attention after the date hereof. To that end, we acknowledge that SEC rules require a non-resident SBSD to re-certify within ninety days after any changes in the legal or regulatory framework that would impact the ability of the SBSD to provide, or the manner in which it would provide, prompt access to its books and records, or would impact the ability of the SEC to inspect and examine the SBSD. Upon such change of law, the SBSD is required to submit a revised Opinion describing how, as a matter of Spanish law, the SBSD will continue to meet its obligations.

This legal opinion is rendered to the Bank and is not to be used, circulated, quoted or referred to in any other way or for any other purpose, without our prior written consent, except that the Bank may submit this opinion to the SEC as part of its application to register as a non-resident SBSD. The SEC may not claim any contractual or non-contractual liability against us for the content of this opinion nor disclose it to other parties without our prior written consent.

This opinion is governed by and construed in accordance with Spanish law. By relying on this opinion, the Bank agrees that all disputes arising out of or relating to this opinion shall be subject to the exclusive jurisdiction of the competent courts of the city of Madrid, Spain.

Yours sincerely

Isabel Aguilar Alonso

Pilar Lluesma Rodrigo

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**Attachment 3:** `summary.pdf`

February 22, 2023

Update of the Schedule A of FORM SBSE-A in order to:

- Include Mr. Hector Grisi as Principal. New CEO of Banco Santander S.A.
- Updated Mr. Jose Antonio Alvarez Principal's category from CEO to Director of the board.
- Include Mr. Glenn Hutchins as Principal. New member of Banco Santander S.A. Board of Directors
- Withdrawal of Mr. Sergio Rial as Principal.

## Form SBSE-A: Registration for Security-Based Swap Dealers

### Applicant Information

**Full Applicant Name:** Banco Santander, S.A.

**NFA Number:** 266796

**IRS Employer ID No.:** 13-2617929

**CIK:** 0000891478

**UIC:** 5493006QMFDDMYWIAM13

**Main Address:** CIUDAD GRUPO SANTANDER, BOADILLA DEL MONTE, MADRID, U3, 28660

**Business Telephone:** 34 91 289 32 80

**Contact Employee:**

- **Name:** Lindsay Cole

- **Title:** Global Head of Compliance

- **Phone:** 001-447712548834

- **Email:** lindsay.cole@santandercib.co.uk

**Chief Compliance Officer:**

- **Name:** Marjolein van Hellemondt

- **Title:** Chief Compliance Officer

- **Phone:** 001-34912573549

- **Email:** marjolein.van.hellemondt@gruposantander.com

### Business and Activities

**Registered as Swap Dealer?:** Yes

**Registered as Swap Participant?:** No

**Uses Mathematical Models?:** Yes

**Is a Non-Resident Entity?:** No

**Subject to Prudential Regulator?:** Yes

**Is an Investment Advisor?:** No

**Engaged in Other Business?:** Yes

**Holds Customer Funds?:** Yes

**Prudential Regulators:** The Federal Reserve Board

**Description of Business:**
Universal banking, including commercial banking, investment banking and private banking businesses.

### Control and History

**Are records kept by another entity?:** No

**Does another entity hold funds on behalf of applicant?:** No

**Is control exercised through an agreement?:** No

**Is applicant financed by another entity?:** No

**Is applicant succeeding a prior entity?:** No

**Subject to foreign regulation?:** Yes

**Number of Principals:** 20

### Schedule A: Principals

| Name                                       | Title or Status          | Date Acquired   | Date Began Working   | Ownership         |   NFA ID No. |
|:---|:---|:---|:---|:---|---:|
| Ana Patricia Botin Sanz de Sautuola O'Shea | President                | 09/2014         | 11/1988              | NA - less than 5% |       458768 |
| Jose Antonio Alvarez                       | Director                 | 01/2023         | 05/2002              | NA - less than 5% |       458780 |
| Akbari Homaira                             | Director                 | 09/2016         | 09/2016              | NA - less than 5% |       499838 |
| Javier Botin Sanz de Sautuola O'Shea       | Director                 | 07/2004         | 07/2004              | NA - less than 5% |       458770 |
| Bruce Carnegie-Brown                       | Director                 | 02/2015         | 02/2015              | NA - less than 5% |       487928 |
| Sol Daurella Comadran                      | Director                 | 02/2015         | 02/2015              | NA - less than 5% |       487078 |
| Gina Lorenza Diez Barroso Azcarraga        | Director                 | 12/2020         | 12/2020              | NA - less than 5% |       536553 |
| Henrique Manuel Drummond Borges de Castro  | Director                 | 07/2019         | 07/2019              | NA - less than 5% |       525586 |
| Jose Garcia Cantera                        | Chief Financial Officer  | 01/2015         | 05/2012              | NA - less than 5% |       458851 |
| Luis Isasi Fernandez de Bobadilla          | Director                 | 05/2020         | 05/2020              | NA - less than 5% |       531171 |
| Jose Maria Linares Perou                   | Head of Division         | 06/2017         | 06/2017              | NA - less than 5% |       505774 |
| Ramiro Mato Garcia-Ansorena                | Director                 | 11/2017         | 11/2017              | NA - less than 5% |       510196 |
| Belen Romana Garcia                        | Director                 | 12/2015         | 12/2015              | NA - less than 5% |       493231 |
| Marjolein van Hellemondt Gerdingh          | Chief Compliance Officer | 12/2019         | 12/2019              | NA - less than 5% |       527342 |
| Pamela Ann Walkden                         | Director                 | 10/2019         | 10/2019              | NA - less than 5% |       526175 |
| German De la Fuente Escamilla              | DIRECTOR                 | 04/2022         | 04/2022              |  |       548192 |
| Michael Bagguley                           | HEAD OF A BUSINESS UNIT  | 08/2022         | 08/2022              | NA - less than 5% |       479619 |
| Joseph Norton Walsh III                    | HEAD OF A BUSINESS UNIT  | 04/2022         | 04/2022              |  |       393249 |
| Hector Blas Grisi Checa                    | CHIEF EXECUTIVE OFFICER  | 01/2023         | 12/2015              | NA - less than 5% |       553823 |
| Glenn Hogan Hutchins                       | Director                 | 12/2022         | 12/2022              |  |       553419 |

### Schedule B: Explanations

**Description:**
We engage in all types of typical banking activities, operations and services. Santander is structured into Retail Banking, Santander Corporate & Investment Banking (SCIB), Wealth Management & Insurance (WM&I) and PagoNxt. - Retail Banking: this covers all customer banking businesses, including consumer finance. - Santander Corporate & Investment Banking (SCIB): this business reflects revenue from global corporate banking, investment banking and markets worldwide including treasuries managed globally, as well as equity business. - Wealth Management & Insurance: includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland and the insurance business -In addition to these operating units, the Digital Consumer Bank includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank and ODS

### Execution

**Date:** 02-22-2023

**Name of Applicant:** Banco Santander, S.A.

**Signature:** s/ Jose Maria Linares Perou

**Printed Name:** Jose Maria Linares Perou

**Title:** Sr. Executive Vice-President - Global Head of SCIB