2023-02-01

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Circular No. SMV-01-23: Publication of the List of Securities Firms Providing Custody Services for Bearer Shares

The Superintendence of the Securities Market of Panama issued Circular No. SMV-01-23 to announce the publication of a monthly updated list of local securities firms authorized to provide custody services for bearer shares. The circular clarifies that this specific service differs from regular custody and requires entities to include it in their business plans for regulatory approval under Article 15 of Agreement 02-2011. As of the date of issuance, no regulated securities firms have expressed intent to offer this service, and the Superintendence maintains no registry of foreign custodians due to lack of jurisdiction.

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Law No. 47 of August 6, 2013, A…2013Law No. 47 of August 6, 2013, Adopting a Custody Regime Applicable to Bearer Shares (2013-08-06)Regulation No. 2 of 2011Regulation No. 2 of 2011Circular No. SMV-01-23:Publication of the List of Se…2023-02-01 · this documentCircular No. SMV-01-23: Publication of the List of Securities Firms Providing Custody Services for Bearer Shares (2023-02-01)
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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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