{"kind":"evidence_file","company":{"id":"77a904cf-3607-4d23-a457-8a78371e7bfc","name":"LINK SECURITIES, SOCIEDAD DE VALORES, S.A.","mergedInto":null},"asOf":"2026-10-25T00:47:55.658Z","asOfBasis":"instant","generatedAt":"2026-10-26T16:42:07.685Z","claims":[{"predicate":"name","value":"link securities sociedad de valores","source":"ESMA Sanctions Register","sourceUrl":"https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_sanctions","sourceRecordId":"sn12165","observedAt":"2026-09-12T19:05:56.368Z","confirmedAt":"2026-10-23T12:00:07.962Z","validFrom":null,"validTo":null,"supersededLater":null},{"predicate":"primary_country","value":"ES","source":"ESMA Sanctions Register","sourceUrl":"https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_sanctions","sourceRecordId":"sn12165","observedAt":"2026-09-12T19:05:56.375Z","confirmedAt":"2026-10-23T12:00:07.965Z","validFrom":null,"validTo":null,"supersededLater":null}],"listings":[{"listingId":"12165","regime":"Comisión Nacional del Mercado de Valores (CNMV)","program":"Debarment","state":"lifted","stateSince":"2026-09-12T19:14:37.309Z","recordedAt":"2026-09-12T19:05:56.397Z","designatedAt":"2023-07-28T00:00:00.000Z","validTo":null,"legalBasis":null,"reason":"https://www.cnmv.es/portal/Consultas/RegistroSanciones/IniRegSanciones.aspx\n\n[original (Spanish)]\n\nCNMV has imposed a fine of 100,000 euros on Link Securities, S.V., S.A., for committing a very serious infringement defined in Article 283 (3) of the Consolidated Text of the Securities Market Act, approved by Royal Legislative Decree 4/2015, of 23 October, in relation to Article 182 of the aforementioned legal text, for having failed to comply with the regulations relating to the corporate governance systems and procedures that guarantee its effective and prudent management, and specifically, for not having established an adequate organizational structure that is clear, appropriate and proportionate to the nature, scale and complexity of its activities and with lines of well-defined, transparent and coherent responsibility, guaranteed the integrity of the relevant information, nor having carried out effective supervision of senior management by the administrative body. THIS DECISION HAS BEEN DECLARED FINAL.","sanctionType":null,"documentUrl":"https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn12165","assertedBy":["ESMA Sanctions Register"],"sourceNow":"ESMA Sanctions Register"},{"listingId":"12165","regime":"Comisión Nacional del Mercado de Valores (CNMV)","program":"MiFID","state":"in_force","stateSince":"2026-09-12T19:14:24.247Z","recordedAt":"2026-09-12T19:14:24.247Z","designatedAt":"2023-07-28T00:00:00.000Z","validTo":null,"legalBasis":null,"reason":"https://www.cnmv.es/portal/Consultas/RegistroSanciones/IniRegSanciones.aspx\n\n[original (Spanish)]\n\nCNMV has imposed a fine of 100,000 euros on Link Securities, S.V., S.A., for committing a very serious infringement defined in Article 283 (3) of the Consolidated Text of the Securities Market Act, approved by Royal Legislative Decree 4/2015, of 23 October, in relation to Article 182 of the aforementioned legal text, for having failed to comply with the regulations relating to the corporate governance systems and procedures that guarantee its effective and prudent management, and specifically, for not having established an adequate organizational structure that is clear, appropriate and proportionate to the nature, scale and complexity of its activities and with lines of well-defined, transparent and coherent responsibility, guaranteed the integrity of the relevant information, nor having carried out effective supervision of senior management by the administrative body. THIS DECISION HAS BEEN DECLARED FINAL.","sanctionType":null,"documentUrl":"https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn12165","assertedBy":["ESMA Sanctions Register"],"sourceNow":"ESMA Sanctions Register"}],"ownership":[],"lists":[{"source":"ESMA Sanctions Register","readAt":"2026-10-23T12:00:38.517Z","recordsRead":845,"publishedAt":null,"publishedAtBasis":null,"publisherVersion":null,"publisherRecordCount":null,"daysOldWhenRead":null,"detail":null,"statement":"Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here."}],"reading":{"assessmentId":"9b22212b-7d55-43f9-9633-8f62cf6b816b","takenAt":"2026-09-12T19:15:06.273Z","methodology":"v4","level":"medium","overall":65,"digest":"d34dec7ba80b6872adba13063460ef6a516ec7ec","coverage":{"dimensions":[{"counts":{"found":1},"sources":[{"name":"ESMA Sanctions Register","status":"found","attemptedAt":"2026-09-12T19:14:40.601Z"}],"dimension":"sanctions"}],"jurisdictions":[{"gap":"No company register for this jurisdiction has been connected to this system, and none has been examined.","reasons":["registered here"],"countryId":"ES","registers":[]}]},"ownership":null},"limits":["Whether each listing was in force is rebuilt from what was recorded here: when it was first read, when a source stopped or resumed carrying it, and when its published term ended. A listing in force at an authority before this system first read it is shown from that first read.","No ownership verdict is kept for this company. Verdicts are kept for companies registered where shareholders are read here: Estonia, Latvia and Poland."]}