BOE-A-2026-8696 ·20 April 2026 ·Resolution Low impact
Tax

Bankinter Gestión de Activos: €300,000 fine for serious breach regarding settlement fees

The CNMV has imposed a €300,000 fine on Bankinter Gestión de Activos, SA, SGIIC for a serious infringement (Art. 81 of Law 35/2003). The entity failed to comply with the obligation to ensure that the settlement fees of six managed investment companies were equal to or better than market rates, without obtaining prior authorisation from the general shareholders' meeting (Art. 67.3, 66 and 46.2 of Law 35/2003). The sanction is final through administrative channels following the entity's decision not to appeal.

In 2 key points

  1. €300,000 fine for a serious infringement (Art. 81 of Law 35/2003) (art. 81.o de la Ley 35/2003)
  2. Failure to comply with the obligation to verify market settlement fees without shareholder meeting authorisation (Art. 67.3) (art. 67.3 de la Ley 35/2003)

How it affects those involved

For the sanctioned entity, the resolution entails a direct cost of €300,000 and the finality of the sanction through administrative channels (Art. 94.Bis.1 of Law 35/2003). For the investment company sector, the resolution reinforces the requirement for oversight of settlement fees and the necessity of express authorisation from the general meeting for their application (Art. 67.3 of Law 35/2003).

Lifecycle

2026-04-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

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