Regulatory Alerts2024-05-22
Agreement 5-2024 of May 22, 2024 Adding Provisions to Articles 8 and 9 of Agreement No. 2-2011
The Securities Market Superintendence of Panama mandates that securities houses must submit and maintain an Operational Manual as a requirement for obtaining and keeping their license valid. This agreement amends Agreement No. 2-2011 to define the manual's required content, including detailed process descriptions and internal policies, and establishes a compliance deadline of December 31, 2024. Furthermore, it requires that any updates to the manual be submitted to the Superintendence within thirty business days of Board of Directors approval.
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