Regulatory Alerts2013-09-27
Single Text of Decree-Law No. 1 of 1999 Regarding the Securities Market and the Securities Market Superintendence of Panama
The National Assembly of Panama enacted Decree-Law No. 1 of 1999 to establish the Securities Market Superintendence as an autonomous regulatory body responsible for supervising the securities market. The law defines the Superintendence's objectives, organizational structure, and the specific qualifications and powers of its Board of Directors and Superintendent. It mandates strict oversight of market participants, including issuers and intermediaries, to ensure transparency, legal certainty, and investor protection.
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