Regulatory Alerts2020-09-26
General Resolution SMV No. JD-9-20 of September 26, 2020 Extending the Deadline for Submission of the Annual Update Report (IN-A)
The Board of Directors of the Securities Market Superintendence (SMV) of Panama issued General Resolution SMV No. JD-9-20 to extend the submission deadline for the Annual Update Report (IN-A) and audited annual financial statements. This extension applies specifically to registered issuers and guarantors that are banks, subsidiaries, or bank shareholding companies with a fiscal year ending in June, moving the due date from September 30, 2020, to November 16, 2020. The measure aims to allow these entities sufficient time to comply with new disclosure requirements imposed by the Superintendence of Banks of Panama regarding COVID-19 impacts, while maintaining the obligation to report material events immediately.
Share