Banca March, S.A., Luxembourg Branch

Banca March, S.A., Luxembourg Branch is the Luxembourg establishment of a Spanish credit institution operating under the EU single passport regime. Prudential supervision is exercised by the European Central Bank in cooperation with Banco de España, while the Commission de Surveillance du Secteur Financier (CSSF) supervises conduct-of-business and AML/CTF requirements in Luxembourg. The branch focuses on private banking and wealth management, offering cash accounts and term deposits, custody and brokerage of financial instruments, discretionary and advisory portfolio management, distribution of in-house and third‑party UCITS, and credit facilities secured by financial assets. Accounts are generally available in multiple currencies with SEPA and international payment capabilities. Client financial instruments are held under MiFID II and UCITS segregation and safekeeping standards. Deposits booked at the Luxembourg branch are covered by Spain’s deposit guarantee scheme for credit institutions, with coverage aligned to EU requirements, rather than by Luxembourg’s scheme; investor protection for investment services follows home‑state arrangements. Onboarding is subject to standard documentation, enhanced KYC, tax transparency (CRS/FATCA), and suitability assessments typical of Luxembourg private banking. Minimum relationship sizes, pricing, and lending terms are relationship‑dependent and not publicly standardized. The branch model combines a Spanish bank balance sheet with Luxembourg booking and fund infrastructure and entails that any insolvency or resolution would be handled under Spanish law and home‑state procedures.