Regulatory Alerts2020-09-16
General Resolution SMV No. JD-8-20 of September 16, 2020, extending the additional extension term for investment company and public offering security registrations as part of COVID-19 emergency measures
The Board of Directors of the Securities Market Superintendence (SMV) of Panama issued General Resolution SMV No. JD-8-20 to extend the additional extension period for investment company and public offering security registrations from 30 to 90 business days. This measure, adopted as part of temporary actions in response to the national emergency declared due to COVID-19, allows applicants more time to address regulatory comments or restructure their offerings. The resolution clarifies that the extension requires prior SMV approval and applies retroactively to previously approved extensions, granting them an additional 60 business days.
Share