Regulatory Alerts2024-05-22
Agreement 4-2024 of May 22, 2024 Declaring the Republic of Honduras a Recognized Jurisdiction under Article 49 of the Securities Market Law
The Superintendency of the Securities Market of Panama issued Agreement 4-2024 to officially recognize the Republic of Honduras as a recognized jurisdiction under Article 49 of the Securities Market Law. This designation allows Panamanian securities firms to maintain correspondent relationships with Hondanian firms and facilitates the public offering or listing of securities in Panama, provided investor protection standards are substantially equivalent to national laws. The decision follows a public consultation period and confirms that Honduras possesses a regulatory framework and supervisory body that adequately ensure investor protection.
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