Regulatory Alerts2021-07-14
General Resolution SMV No. JD-3-21 Modifying the Registration Fee for Modification of Terms and Conditions of an Issuance
The Board of Directors of the Securities Market Superintendence (SMV) of Panama issued General Resolution SMV No. JD-3-21 to modify the registration fee for modifying the terms and conditions of an issuance. The resolution establishes a reduced fee of B/. 3,000.00 for modifications processed under the special and abbreviated procedure defined in Agreement No. 3-2021, which is exclusively used for replacing the LIBOR reference rate and margin. This adjustment aligns the fee with the actual costs incurred by the Superintendence to handle these specific requests efficiently.
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