RegAlert2026-10-13
Added
Circular 28-2026: Update of Forms and Regulatory Reports - DS-12
The Superintendencia del Mercado de Valores mandates that securities houses update the DS-12 Client List form to include a mandatory 'Additional Information' section detailing assets under administration by securities and cash. This update requires reporting specific data fields such as account number, market value, and custodian details, with certain fields waived depending on the asset type (e.g., futures, options, or cash). The updated reporting requirements apply to the reporting period for December 2026, with a submission deadline of January 15, 2027.
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SMV
Superintendencia del Mercado de Valores
República de Panamá
Panama, October 13, 2026.
Circular No. SMV-28-2026.
To
Compliance Officers
Securities Houses
Panama City
REFERENCE: Update of Forms and Regulatory Reports — DS-12.
Dear Sirs:
With the objective of strengthening supervision mechanisms and improving the quality of information reported by regulated entities, this Superintendencia had previously communicated via Circular No. SMV-18-2026, reference "Update of Forms and Regulatory Reports - DS-12," the incorporation of updates to the DS-12 - Client List form, which were to be delivered by October 15, 2026. Recognizing that this expansion requires system adaptation work by securities houses, the update will apply starting from the report corresponding to the December 2026 period, whose submission deadline will be January 15, 2027.
The update will incorporate the "Additional Information" section, titled "Assets under administration by securities and cash," in which the assets under administration of each client must be reported mandatorily, including the following data: account number, client code, client type, nationality, description and identification of the security, market value, type of security, sector, and destination of the issuer, custodian, and fund manager. However, according to the type of security reported, the following fields will not be required:
- Futures and CFDs: issuer sector, issuer destination, custodian name, and custodian jurisdiction.
- Options: issuer sector and issuer destination.
- Alternative Assets: issuer sector, issuer destination, custodian name, and custodian jurisdiction.
- Cash: security description, security identification, issuer sector, and issuer destination.
For inquiries, you may contact the Superintendencia del Mercado de Valores via the email address soporte@supervalores.gob.pa or your assigned inspection and analysis officer.
Sincerely,
Maruquel Murgas de González
Superintendent of the Securities Market
/ma
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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Source: Superintendencia del Mercado de Valores Panama — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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