Regulatory Alerts2020-12-29
General Resolution JD-12-2020 Establishing Special Considerations for Regulated Entities and Users of the Securities Market Superintendence to Mitigate COVID-19 Contagion Risk
The Securities Market Superintendence of Panama issued General Resolution JD-12-2020 to extend regulatory deadlines and permit telework for licensed entities to mitigate COVID-19 risks during a national confinement period. The resolution extends submission deadlines for reports to January 31 and February 15, 2021, and allows supervision fee payments for 2021 until February 15 without late penalties. It mandates electronic submission of all reports via the SERI system and requires entities to maintain operational continuity and confidentiality while adopting remote work measures.
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