Regulatory Alerts2023-12-13
Agreement No. 9-2023 Establishing Provisions for the Use of Simple or Qualified Electronic Signatures in Securities Market Documents
The Board of Directors of the Superintendency of the Securities Market of Panama issued Agreement No. 9-2023 to legally recognize the use of simple or qualified electronic signatures in documents related to securities market activities. This regulation grants electronic signatures the same legal validity, juridical effects, and probative force as physical signatures for regulated entities including securities houses, investment advisors, and self-regulatory organizations. It mandates that entities using electronic signature platforms must provide electronic copies of all signed documents to all signatories to ensure transparency and client rights.
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