Regulatory Alerts2025-06-12
Agreement 2-2025 of June 12, 2025 Modifying Certain Provisions of Agreement No. 11-2013
The Board of Directors of the Securities Market Superintendence of Panama issued Agreement 2-2025 to amend the payment deadlines and calculation methods for supervision fees under Agreement No. 11-2013. The regulation mandates that registered issuers and investment societies pay their annual supervision fees by May 31 each year, with extensions for non-working days, and eliminates the requirement for separate payment forms as data is now managed via the Electronic Information Submission System. These changes streamline compliance for regulated entities by aligning fee collection with existing electronic reporting mechanisms while maintaining minimum fee requirements for entities with no securities in circulation.
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