Regulatory Alerts2022-10-05
Agreement No. 7-2022 of October 5, 2022 Modifying Agreement No. 4-2003
The Board of Directors of the Panama Securities Market Superintendence issued Agreement No. 7-2022 to amend the procedures for registering modifications to the terms and conditions of registered public offerings of securities. The agreement establishes new definitions, streamlines documentation requirements, and mandates strict confidentiality and simplified notification processes to protect indirect holders. It further details the mechanisms for obtaining holder consent through local and foreign custodians, including specific certification and voting procedures.
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