Regulatory Alerts2022-12-07
Agreement No. 11-2022 of December 7, 2022 Modifying Paragraph 4 of Agreement No. 3-2021
The Board of Directors of the Securities Market Superintendence of Panama issued Agreement No. 11-2022 to extend the deadline for issuers to request approval for modifying LIBOR reference rates and spreads under a special abbreviated procedure. This amendment to Agreement No. 3-2021 sets June 30, 2023, as the final date for submitting the required public communication of material facts via email. Submissions received after July 1, 2023, will be automatically rejected, requiring issuers to follow the standard procedure established by Agreement 4-2003.
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