Helplessness, helplessness and most defenseless. 
is a case that affects to 42000 English families in all provinces of the state (many of them in his province without really knowing the extent of the seriousness of the matter), who have their savings held and down month month its value for a while from now indefinitely under the new legislation adopted subsequently.
Affected Platform Banif Santander Real Estate Fund (PASI), which defends the interests of those affected by the suspension of redemptions of the Fund wishes to express its concern about the situation of helplessness clear that those affected are to the actions from government are underway.
The CNMV denied Affected Platform for Real Estate Fund Santander Banif access to any information that is not the only included in the quarterly reports provided to the Manager. The broad interpretation of Article 90 of Law 24/1988 of 28 July on the Securities Market, through which secret declare all actions taken on the basis of supervision by the CNMV, makes the participants, real estate owners Fund, are not entitled to have information about:
- Assessments made
- Offers for purchase of buildings.
- Leases made
- costs generated by the property management
- Revenue performing property management
- Reports that support the purchase or sale of property.
Without this information it is impossible to determine whether the fund's management has been successful or not in view of the scant published data on bank statements.
On the other hand, the Ministry of Finance has announced the imminent adoption of a decree law by which the manager will be suspended indefinitely repayments and consequently hijacked savings "of all stakeholders. Given this lack of specificity that the text is approved,
put in the hands of the Manager's future savings deposits, this platform has strongly requested the Ministry of Economy that will access the text of the decree law before this is published, in order to agree on a content that is not detrimental to participate. The answer, for now, is the administrative silence.
people who trusted their savings to the Santander Group are therefore in a clear situation of helplessness, because they do not receive any information than the reports made by the bank and will be mere spectators of the liquidation of assets without having any right or opinion or to be informed about its management.
and we feel no regret that in a society of law, this one exists, in our view, for those groups covered in their power to dictate or have economic power to dictate the rules to suit them.
regret that neither the Minister of Economy Ms. Elena Salgado and Mr. Segura President of the CNMV was put on the skin of those retirees who depend on these savings to survive and are now on the threshold of misery , while allowing the Manager to continue charging a commission allegedly abusive nonexistent management of our heritage.
Therefore, our platform has convened two concentrations on 13 March in Paseo de Gracia 5 Barcelona and Madrid Plaza Canalejas 1 at 12 hours, and in Santa Cruz de Tenerife the next day March 20 at the same time, in which attendees will be informed of all the news and action to be taken in the future.
For more information: http://www.castany.net/pasi/home.php
P LATAFORMA The FECT S ANTANDER I NMOBILIARIO
