Regulatory Alerts2020-11-25
General Resolution SMV No. JD-11-20
The Board of Directors of the Securities Market Superintendence (SMV) of Panama issued General Resolution SMV No. JD-11-20 to extend the validity of independent appraisal reports for collateral assets of registered issuances. This temporary measure, effective for one year from the original expiration date, applies specifically to issuers whose appraisal deadlines fell during the National State of Emergency declared due to COVID-19. The resolution ensures compliance with Article 14-A of Agreement No. 2-2010 while clarifying that other contractual or accounting obligations remain unaffected.
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