Regulatory Alerts2022-06-15
Agreement No. 4-2022 of June 15, 2022 “Modifying Articles 3 and 46 of Agreement No. 2-2011 of April 1, 2011”
The Board of Directors of Panama’s Securities Market Superintendence issued Agreement No. 4-2022 to extend the compliance deadlines for securities houses under Articles 3 and 46 of Agreement No. 2-2011. The amendment grants execution brokerage firms and global account service providers until August 31, 2022, to adapt their business plans and operational procedures to the updated regulatory requirements. The agreement takes effect upon its publication in the Official Gazette and applies the exemption provisions of Article 326 of the Single Text, bypassing standard administrative adoption procedures.
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