In accordance with Law 39/2015, of October 1, the 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 term, the power of attorney 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 its registration and may be successively extended within the 5 years established for the validity of its registration.

It must be taken into account that the duration of the positions of joint stock companies is 6 years (Royal Legislative Decree 1/2010, of July 2). Therefore, it may be the case that a legal representation based on notarial powers of attorney, duly registered in REPRESENTA after validating the powers of attorney, is recorded as expired because 5 years have passed but the power of attorney on which the registration is based is still valid, 1 year remaining.

In this case, if the representative took any action on behalf of the power of attorney, he should provide a copy of the deed or register an extension of the representation for a period of 1 year.