Regulatory Alerts2024-07-23
Agreement 6-2024 of July 23, 2024 Modifying Certain Provisions of Agreement No. 5-2004 and Agreement No. 11-2013 and Issuing Other Provisions
The Securities Market Superintendence of Panama issued Agreement 6-2024 to clarify the application of registration and supervision fees for investment societies following modifications made by Law 66 of 2016. The agreement defines 'subfunds' and 'families of funds' to ensure accurate fee calculation, requiring separate payments for umbrella structures and jointly registered groups. It amends Agreements No. 5-2004 and No. 11-2013 to align regulatory texts with the Superintendence's administrative position Opinion No. 5-2024.
Share