Read the final statement issued by the Brazilian NCP concluding the specific instance – 4 October 2013

In August 2010, the Brazilian NCP received a request for review by the Bank Workers Union of São Paulo, Osasco and Region alleging that Banco Santander S.A. had breached the concepts and principles, and employment and industrial relations provisions of the Guidelines in Brazil.

On 4 October 2013, the Brazilian NCP concluded that the specific instance did not merit further consideration and issued a final statement. This was due to a recommendation by the rapporteur who, after reviewing all the information, had suggested that the NCP not accept the request as more than 12 months had elapsed between the notice of the fact and the receipt of the notification, a requirement established by the Brazilian NCP's procedures (NCP Resolution No. 01/2012).

Moreover the debate on the issue in question is already being dealt with by the NCP, in the context of a different specific instance between the same parties where negotiations to conduct mediation between the parties was underway.