Regulatory Alerts2022-08-14
Agreement No. 013-2022: Adding Article 3-A to Agreement No. 1-2010 on Integrity and Accuracy of Financial Statement Information
The Banking Superintendence of Panama issued Agreement No. 013-2022 to amend the regulatory framework for the publication of audited financial statements by banks. The regulation permits banks to publish these statements digitally via QR codes or websites, provided they also print a comparative balance sheet and income statement in a national newspaper. This hybrid approach aims to maintain public transparency and confidence while reducing the environmental impact of paper usage.
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