Santander and Bankinter already have half of their sicavs in liquidation.
They are the financial entities with the largest number of companies The sicavs are beginning to say goodbye. Once the ban has been opened with the change in regulation , which requires having at least one hundred shareholders with a minimum investment of 2,500 euros or 12,500 euros in the case of compartments, for at least three quarters of the tax period , the variable capital investment companies are announcing to the regulator their intention to go into liquidation. This situation was foreseeable, taking into account that the vast majority completed the requirement of one hundred shareholders, which in the European Union is only required in Spain and Portugal (in France the minimum is two) with fill-in persons, acquaintances like mariachis in financial jargon, who invested a token amount. The two banks with the largest number of companies of this type, Santander and Bankinter, with 399 and 353 sicavs respectively, have already reported at least...