Conditions for applying the special system

The special regime for the group of entities is applied when the entities that opt for its application individually agree to do so.

The option has a minimum validity of three years, provided that the requirements are met for applying the special regime, and will automatically be renewed unless waived.

In any case, the application of the special regime will be conditional on its application by the dominant entity.

The agreements referred to in the previous paragraph must be adopted by the boards of directors, or bodies exercising an equivalent function, of the respective entities before the beginning of the calendar year in which the special regime is to be applied.

Failure to adopt the agreements referred to above in a timely manner will result in the impossibility of applying the special regime of the group of entities by the entities in which the agreement is missing, without prejudice to its application, where applicable, to the rest of the entities in the group.