Regulatory Alerts2022-02-09
Circular 02-2022: Update to Guide and Form for Structure, Correspondence, and Custody (DS-11)
The Superintendency of the Securities Market (SMV) of Panama has updated the guide and the DS-11 form regarding structure, correspondence, and custody for securities houses. Licensed entities are required to use the new version of the form and the updated guide starting March 15, 2022, for information submissions corresponding to February 2022. The updated materials are available on the SMV website through the Electronic Information Submission System (SERI).
[Logo: SMV Superintendency of the Securities Market Republic of Panama]
Panama, February 08, 2022 Circular SMV-02-2022
To: Chief Executives and Compliance Officers of Securities Houses
Subject: Update of Guide and Form Structure, Correspondence, and Custody (DS-11)
Dear Sirs:
We hereby inform you that we have updated the Guide, as well as the template for the "Structure, Correspondence, and Custody (DS-11)" Form, whose submission method is through the Electronic Information Submission System (SERI).
On the website of the Superintendency of the Securities Market, you will find the following:
- Current version of the Form, located in the "SERI Forms" section - Securities Houses.
- Guide for its use, located in the SERI section, SERI Guides, Securities Houses, titled "Field Format of the 'Structure, Correspondence, and Custody (DS-11)' Form of Securities Houses."
Entities with Securities House licenses must use the guide and the new version of the form, starting March 15, 2022, with the submission of information corresponding to February 2022.
Finally, we wish to state that we are at your disposal to address any inquiries or doubts regarding this matter, through the email address info@supervalores.gob.pa
Legal Basis: Single Text of the Securities Market Law, Agreement 10-2013 of December 10, 2013, Agreement 1-2021 of May 26, 2021, and other regulatory Agreements.
Sincerely,
[Signature] Julio Javier Justiniani Superintendent Superintendency of the Securities Market