IBERSOL | Annual Report 2020

CORPORATE GOVERNANCE REPORT 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, according to Article 20 of the CVM All transactions carried out in 2020 with related parties were communi- cated to the Audit Committee, together with the elements contained in paragraph 2-a) to d), Article 7, of the referred procedure. The procedures applicable to the intervention of the Audit Committee in the prior assessment of any business to be carried out between the Company and holders of qualified holdings follow the rules of the re- spective Internal Procedure in matters of transactions with related par- ties and compliance with Recommendations I.5.1 and I.5.2 of the IPCG / 2020 Corporate Governance Code, followed in Appendix -A to this Gov- ernance Report the respective “Internal Procedure in Matters of Transac- tions with Related Parties”. II. Elements related to transactions 92. Location where the financial statements and the information about transactions with subsidiaries can be found (in accordance of IAS 24) Information on transactions with related parties is provided in the Annex to the individual financial statements and in the Annex to the consoli- dated financial statements. 266