Preferential stocks in Spain
Lead NCPSpain
Supporting NCP(s)None Selected
DescriptionSpecific instance notified by an individual regarding the activities of a multinational enterprise operating in Spain.
Theme(s)Consumer interests
Date11 Jul 2012
Host country(ies)Spain
Industry sectorFinancial and insurance activities
StatusNot accepted

In July 2012 the Spanish NCP received a request for review from an individual alleging that a multinational bank had breached the the consumer interests provisions of the Guidelines in Spain. Specifically it was alleged that there was a lack complete and transparent information provided by the bank selling preferred stocks to individuals.

After receiving the specific instance, the NCP asked the individual to submit additional information but never received a reply. . After several attempts to contact the claimant, the NCP concluded the specific instance.