In accordance with Law 39/2015, of October 1, representations registered in the electronic registers of powers of attorney will have a maximum validity of 5 years from the date of registration, without prejudice to the fact that, before the end of this period, the principal extends or revokes this power of attorney.

In the event of an extension, the maximum duration of the representation will be 5 years from the date of registration and it may be extended successively within the 5 years established for the validity of your registration.

It should be noted that the term of office of public limited companies is 6 years (Royal Legislative Decree 1/2010, of 2 July). Therefore, it may be the case that a legal representation based on notarial powers of attorney, duly registered in REPRESENTA after validation of the powers of attorney, is recorded as expired because 5 years have passed but the power of attorney on which the registration is based remains valid, remaining for 1 year.

In this case, if the representative takes any action on behalf of the principal, they should provide a copy of the deed or register an extension of the representation for a period of 1 year.