Regulatory Alerts2020-05-21
General Resolution JD-5-2020 Establishing Special Considerations for Submitting the Sworn Declaration Under Article 2, Number 14 of Agreement No. 2-2010
The Board of Directors of the Securities Market Superintendence (SMV) of Panama issued General Resolution JD-5-20 to temporarily modify submission requirements for sworn declarations during the national emergency caused by COVID-19. The resolution permits applicants for public offerings to submit sworn declarations via email as either a PDF with a qualified electronic signature or a scanned document with handwritten signatures, subject to potential future notarization. This measure ensures the continuity of securities market services while maintaining legal accountability for the accuracy of financial statements under Article 251 of the Securities Market Law.
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