OBS_VALUE: Regardless the nationality of the investor, participations over certain limits are subject to previous authorisation, as per the Directive 2013/36/EU.According to article 102 of the Credit Institutions and Financial Companies Legal Framework, any natural or legal person who proposes to hold directly orindirectly a qualifying holding in a credit institution shall first inform the Bank of Portugal of that intention. Acts involving increases in a qualifying holding must bepreviously communicated to the Bank of Portugal, whenever from they may result a proportion reaching or exceeding 5%, 10%, 20%, 33% or 50% of the capital or of the voting rights held inthe participated institution, or when the latter becomes a subsidiary of the acquiring entity.These rules apply to national and non-national persons. Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32013L0036