Regulatory Alerts2017-04-05
Agreement 3-2017 of April 5, 2017 Modifying Agreement 2-2010 on Securities Registration Procedures
The Superintendency of the Securities Market of Panama issued Agreement 3-2017 to modify the procedures for securities registration and deregistration under Agreement 2-2010. The regulation mandates comprehensive documentation for public offerings, including strict beneficial ownership disclosure, audited financial statements, and risk ratings from recognized entities. It also establishes detailed content requirements for the Information Prospectus, emphasizing risk factor disclosures and specific warnings regarding investment recommendations and risk guarantees.
Share