Regulatory Alerts2019-09-18
Agreement 3-2019 (September 18, 2019) Subrogating Agreement 5-2015 (Modified by Agreement 14-2020) - Single Text
The Securities Market Superintendence of Panama issued Agreement 3-2019 to subrogate and update the list of confidential information previously established in Agreement 5-2015 under Article 331 of the Securities Market Law. The agreement mandates that specific data, including internal databases, business plans, transaction reports, and details regarding reorganization or liquidation processes, remain under reserve to protect investor rights and market transparency. Additionally, it classifies as confidential all communications with foreign regulators, sanctioning proceedings, and registered holder identities involved in registration modifications or supervisory inspections.
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