BOE-A-2026-1480 ·21 January 2026 ·Resolution Low impact
Tax

United Europhil EP, SAU and its directors: fines of up to EUR 90,000 for failure to notify significant holdings

The Bank of Spain has published the sanctions imposed on United Europhil EP, SAU, its directors, and holders of significant holdings following their final administrative resolution (Art. 115.5 Law 10/2014). The sanctions stem from serious and very serious infringements related to the failure to provide timely notification of acquisitions, transfers, or the existence of significant holdings (Art. 93.v, Art. 92.m, and Art. 92.n of Law 10/2014).

In 2 key points

  1. EUR 90,000 fine for United Europhil EP, SAU due to a serious infringement (Art. 98.1.b Law 10/2014). (art. 98.1.b de la Ley 10/2014)
  2. Sanctions against directors and holders for failing to notify acquisitions or transfers of holdings (Art. 92.m and 92.n Law 10/2014). (art. 92.m, art. 92.n y art. 93.v de la Ley 10/2014)

How it affects those involved

For the entity United Europhil EP, SAU, the fine amounts to EUR 90,000 for failing to report changes in holdings (Art. 98.1.b Law 10/2014). Directors and holders of significant holdings (including Mr Francisco Moreno Delgado, Mr Eduardo Villalobos, Fundación Tiscapa, Delta Dx GP LLC, Mr Mario Trujillo, and Mr Munir Dauhajre) face individual fines ranging from EUR 6,000 to EUR 12,000 for failing to comply with prior notification obligations to the Bank of Spain (Art. 97.1.a.2 and Art. 101.1.a Law 10/2014).

Lifecycle

2026-01-21PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

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