Regulatory Alerts2023-03-29
Agreement 4-2023 of March 29, 2023 Modifying Paragraph 3 of Article 2 of Agreement No. 2-2010
The Board of Directors of the Securities Market Superintendence of Panama issued Agreement 4-2023 to modify the documentation requirements for securities registration under Agreement No. 2-2010. The amendment exempts specific public offerings from the requirement to define a maturity date or capital payment term, including shares, foreign-jurisdiction securities, and certain bank capital instruments. This change aims to clarify regulatory scope and benefit applicants by aligning with international legislation and banking regulations.
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