Regulatory Agreement 12741 of 10^th May 2018 on modifying the Academic Regulations of the University of the Balearic Islands states:

Chapter VI. Extraordinary Prizes for Finishing Official Programmes
Article 42. Extraordinary End of Degree Prizes

The extraordinary end of degree prizes shall be awarded by the Academic Commission, on behalf of the Governing Council, upon submission from the relevant faculty or school.

A prize may be awarded for each degree programme and academic year for every 70 students or fraction thereof who pass their degree within the academic year.

The academic record shall be assessed as a merit. In any event, in order to qualify for the extraordinary prize, the average mark in the academic record must be equal to or above '7 - very good'.

Where there is a tie between several candidates, the record shall have a 95% weighting, with the remaining 5% assessing other merits (grants, prizes, research collaboration, etc.).

Alternatively, centres may decide to set an exam or test that shall represent an arithmetic average, alongside the academic record. Students who have an average mark equal to or above that stated in section 3 of this article may sit the exam. In turn, and within the margins set, faculty boards shall set limits such as raising the minimum mark or establishing requirements such as time taken to obtain merits, etc.

For this reason, the Faculty of Economics and Business may establish that the average mark in the academic record be equal to or above '8 - very good'.