IBERSOL Annual Report 2018

ANNUAL REPORT 2018 E. RELATED PARTY TRANSACTIONS I. Control procedures and mechanisms 89. Mechanisms implemented by the Company for purposes of moni- toring of transactions with related parties (for this purpose refers to the concept resulting from IAS 24). The Statutory Audit Committee has approved the criteria for a previ- ous evaluation of the transactions between the Company and holders of qualified shareholdings or entities related to them, within the terms of art. 20 of the Securities Code, require prior assessment. The criteria has been defined as a transaction value equal to five per cent or more of the consolidated net assets of Ibersol SGPS, SA. 90. Statement of the transactions that were subject to control in the reference year. No businesses or transactions were entered into that required such prior assessment. 91. Description of the procedures and criteria for intervention by the Authority for the purpose of preliminary assessment of the business carried out between the Company and holders of qualifying holdings or entities that are in a relationship with them, under Article 20. of CVM. In 2018 it was not necessary for the Statutory Audit Committee to issue any opinion since there were no transactions that shoud be assessed by that body. The procedures applicable to the Statutory Audit Committee’s interven- tion in the prior evaluation of any business to be carried out between the Company and holders of qualifying holdings follow the rules of the respective Regulation of the Fiscal Council, published in www.ibersol.pt . 179