Banco Santander (BSBR) 6-K Current report (foreign)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2022

Commission File Number: 001-34476

BANCO SANTANDER (BRASIL) S.A.

(Exact name of registrant as specified in its charter)

Avenida Presidente Juscelino Kubitschek, 2041 and 2235
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ___X___ Form 40-F _______

 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): 

Yes _______ No ___X____

 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): 

Yes _______ No ___X____

 Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: 

Yes _______ No ___X____

 If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  N/A

 

BANCO SANTANDER (BRASIL) S.A.

Publicly-held Company with Authorized Capital

CNPJ/ME No. 90.400.888/0001-42

NIRE 35.300.332.067

NOTICE TO THE MARKET ON RELATED PARTY TRANSACTION

Banco Santander (Brasil) S.A., in compliance with Annex 30-XXXIII of CVM Ruling No. 480, of December 7, 2009, as amended, inform to the market the following about related-party transactions:

Name of the Parties	·Banco Santander (Brasil) S.A. (“Company”) ·Banco Santander S.A. (“Santander Spain”)
Description of the Transaction	On December 15, 2017, the Parties entered into a service agreement, which is in full force, to regulate the provision of global services focused on consulting on models, processes, tools and businesses, aiming to strengthen local businesses with innovative products. globally (“Framework Agreement”). Thus, on March 16, 2022, the Parties signed Annex 10BRAHQCIBGLOBAL322 to the Framework Agreement ("Annex"), in order to formalize the conditions regarding the provision of services for the year 2022.
Relationship with the issuer	Santander Spain is the Company's indirect controller.
Purpose of the transaction	The Annex signed between the Parties formalize, for the year 2022, the provision of global services focused on consulting on models, processes, tools and businesses, to the Company's Corporate Investment Banking area, aiming to strengthen local businesses with innovative global products.
Description of the negotiation process informing (i) who was responsible for deciding on the contract, (ii) whether the decision was taken by the competent administration body; and (iii) the administrators who participated in the decision	The contracting of services is defined in global and local committees, managed by executives who participate in the technical decision and cost approval. The operation was carried out in compliance with the terms and conditions of the Policy for Transactions with Related Parties of the Company, especially item 5.1. There is no requirement in the Bylaws or the Policy for Transactions with Related Parties for approval by a statutory body.
Main Terms and Conditions	The adjusted amount to be paid will be €19,533,567.00 (nineteen million, five hundred and thirty-three thousand, five hundred and sixty-seven euros) for the services provided from January 1, 2022 to December 31, 2022.
Absence of withdrawal rights	Non applicable.

 

Participation of the related party, its partners or administrators in the decision-making process and negotiation of the transaction	Santander Spain, its partners or managers did not participate in the decision or negotiation of the transaction with the Parties. Santander Spain, its partners or managers did not participate in the decision or negotiation of the transaction with the Parties.
Reasons why the issuer´s management considers that the transaction was carried out on an arm’s length basis or sets forth adequate compensation	The transaction observed commutative conditions, on a strictly commercial basis, duly validated according to parameters and methodologies practiced by the market and parameterized in previous transactions of the same nature.

São Paulo, March 25, 2022.

Angel Santodomingo Martell

Investors Relations Officer

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: March 25, 2022

Banco Santander (Brasil) S.A.
By:	/S/ Amancio Acurcio Gouveia
	Amancio Acurcio Gouveia Officer Without Specific Designation

By:	/S/ Angel Santodomingo Martell
	Angel Santodomingo Martell Vice - President Executive Officer