MADRID, 25 Oct. (EUROPA PRESS) -

The National Securities Market Commission (CNMV) has imposed a fine of 200,000 euros on Deutsche Bank for failing to comply with the rules of conduct related to the evaluation of its clients to determine the convenience of acquiring complex products as of December 31, 2016.

The sanction, which is final in administrative proceedings, is subject to jurisdictional review by the Contentious-Administrative Chamber of the National High Court, according to a resolution dated October 11 and published this Tuesday in the Official State Gazette (BOE) .

The supervisor considers that the German bank committed a "very serious" infraction by failing to comply with its obligation to have adequate measures and procedures to control compliance with the rules of conduct regarding the evaluation of its clients, "in relation to the quality of the information collected from customers for the evaluation of convenience when purchasing complex products as of December 31, 2016".

It is not the first fine imposed by the CNMV on the German entity. Last March, it was sanctioned with 3 million euros, the largest fine of the supervisor since 2018, because in the repurchase of structured bonds issued by the entity itself, it did not adopt the required measures to manage the conflict of interest. The bank appealed this sanction.