Regulatory Alerts2017-09-06
Agreement 6-2017 Modifying Agreement 11-2013 on Registration and Supervision Fee Payment Criteria
The Board of Directors of the Securities Market Superintendence of Panama issued Agreement 6-2017 to modify the payment criteria for registration and supervision fees established in Agreement 11-2013. This regulation mandates that fees be paid via certified checks or electronic transfers, requires separate payments for each supervision registration, and establishes that overpayments are refundable while non-refunded fees do not constitute credits for future applications. The agreement aligns these financial procedures with the independence and budgetary requirements of the Superintendence as defined by Law 66 of 2016.
Share