Circular 03-2020 Extension of Deadline for Submission of Risk Management Self-Assessment Questionnaire for Securities Houses, Investment Administrators, and Pension and Severance Fund Administrators

[Logo: SMV Superintendencia del Mercado de Valores República de Panamá]

Panama, April 30, 2020
Circular No. SMV-3-2020

To:
Chief Executives and
Compliance Officers
City.

Reference: SUBMISSION OF RISK MANAGEMENT SELF-ASSESSMENT QUESTIONNAIRE FOR SECURITIES HOUSES, INVESTMENT ADMINISTRATORS, AND PENSION AND SEVERANCE FUND ADMINISTRATORS.

Respected Sirs:

In view of the current situation of the State of Emergency, decreed by the National Government of the Republic of Panama, which remains in effect due to sanitary measures taken in response to the declaration of a Pandemic of the coronavirus disease (Covid-19), this circular grants a new deadline of thirty (30) calendar days to respond to the "risk management self-assessment questionnaire" for the implementation of the Risk-Based Supervision tool. Consequently, the submission deadline is extended until June 4, 2020.

We appreciate it if those entities that complete the questionnaire before the submission date forward it to this Superintendence.

Additionally, your collaboration is requested to ensure that supporting documentation (manuals, regulations, methodologies, and others) is submitted in the following format:

• Securities Houses must use the code CV, adding the name of the respective entity and the file (e.g., CV-Securities, S.A. + file name + #control number of the question appearing in the self-assessment questionnaire).
• Investment Administrators must use the code ADMI, adding the name of the respective entity and the file (e.g., ADMI-Administrator, S.A. + file name + #control number of the question appearing in the self-assessment questionnaire).
• Pension and Severance Fund Administrators must use the code AFP, adding the name of the respective entity and the file (e.g., AFP-Pension Funds, S.A. + file name + #control number of the question appearing in the self-assessment questionnaire).

For any additional inquiries, we are at your disposal via the following email address: autoevaluacionsbr@supervalores.gob.pa.

Sincerely,

[Signature]

Julio Javier Justiniani C.
Superintendent

/am

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50th Street, P.H. Global Plaza Building, 8th Floor. Tel.: (507) 501-1700 Fax: (507) 501-1709 www.supervalores.gob.pa P.O. Box 0832-2281 WTC Panama, Rep. of Panama.

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