Circular 12-2026: Single Chart of Accounts for Pension Fund Investment Administrators

[Logo SMV]

Panama, May 18, 2026. Circular No. SMV - 12 - 2026.

To Compliance Officers Pension Fund Investment Administrators. Panama City

REFERENCE: Single Chart of Accounts (PUC) / Pension Fund Investment Administrators (AFP).

Dear Sirs:

With the objective of optimizing our reporting and strengthening the efficiency of our supervision, we inform you that, starting with the submission of figures corresponding to the month of May 2026, the Single Chart of Accounts (PUC) must be submitted under the Pensions user profile.

It is important to highlight that the Investment Administrator user profile must not be used for this process; it is fundamental that the system administrator responsible for the entity enable access to the PUC/Pensions for its use.

The PUC for AFPs that must be used will be available on the institution's website: section > SERI > SERI Forms > Pension and Severance Funds > Forms (CSV Templates) > Single Chart of Accounts (PUC) – AFPC 04/13/2026.

For inquiries, the contact persons from the Superintendence of the Securities Market are: Henry Sáez, hsaez@supervalores.gob.pa and Eric González - egonzalez@supervalores.gob.pa

Sincerely,

[Signature] Maruquel Murgas de González Superintendent of the Securities Market

[Seal of the Superintendence of the Securities Market]

50th Street, P.H. Global Plaza Building, 8th Floor. Tel.: (507) 501-1700 Fax: (507) 501- 1709 www.supervalores.gob.pa P.O. Box 0832-2281 WTC Panama, Republic of Panama