Inversiones Exteriores Sample Clauses
The 'Inversiones Exteriores' clause governs the rules and procedures for making and managing investments outside the country. Typically, it outlines the conditions under which funds can be transferred abroad, the types of foreign assets that may be acquired, and any reporting or compliance requirements imposed by local authorities. This clause ensures that all foreign investments are conducted in accordance with applicable laws and regulations, helping to prevent unauthorized transfers and maintain transparency in cross-border financial activities.
Inversiones Exteriores. To participate in the Plan, Optionee must comply with exchange control regulations in Spain that require that the purchase of Shares be declared for statistical purposes. If a Spanish financial institution executes the transaction, the institution will automatically make the declaration on Optionee’s behalf; otherwise, it is Optionee’s responsibility to make the declaration. In addition, Optionee must file a declaration of ownership of foreign securities each January.
Inversiones Exteriores. To participate in the Plan, Optionee must comply with exchange control regulations in Spain that require that the purchase of Shares be declared for statistical purposes. If a Spanish financial institution executes the transaction, the institution will automatically make the declaration on Optionee’s behalf; otherwise, it is Optionee’s responsibility to make the declaration. In addition, Optionee must file a declaration of ownership of foreign securities each January. Translations of the Agreement and this Addendum in Spanish can be provided to Optionee upon request. Se le facilitará una traducción ▇▇ ▇▇▇▇▇▇▇▇▇▇ de la documentación del incentivo (Award) si así lo solicitase. Effective January 1, 2013, Optionee will be required to declare to the Bank of Spain any securities accounts (including brokerage accounts held abroad), as well as the Shares held, depending on the amount of the transactions during the relevant year or the balances in such accounts as of December 31 of the relevant year.