SBP-DR-FID-CIRCULAR-2026-0110 — Issuance of Agreement No. 10-2026

October 19, 2026
SBP-DR-FID-CIRCULAR-2026-0110
Mr./Ms.
General Manager
City
Reference: Issuance of Agreement No. 10-2026
Dear Mr./Ms. General Manager:

We wish to inform you that the Board of Directors of this Superintendency has issued Agreement No. 10-2026 of October 15, 2026, "By means of which a paragraph is incorporated into Annex No. 1 of Agreement No. 1-2025 'Which adopts an illustrative guide to the catalogue of positions of politically exposed persons'."

Through the aforementioned Agreement, an exception paragraph is incorporated in order to specify that those members of boards of directors appointed by a State institution exclusively to perform oversight functions in accordance with the Law shall not be considered Politically Exposed Persons (PEP), provided that they do not have the right to vote.

This Agreement shall enter into force as of its promulgation in the Official Gazette. Attached you will find a copy of the Agreement, the text of which may be consulted through our website www.superbancos.gob.pa in the regulations section.

We thank the Mr./Ms. General Manager for instructing the personnel under his/her charge with the pertinent instructions for compliance with this document.

Sincerely,
Milton Ayón Wong
Superintendent
YGL/cn
"Soundness and trust: guarantors of the rights of banking consumers" Av. Samuel Lewis, Panama Business Tower, ground floor - Tels.: (507) 506 7800 / (507) 506-7900 - Fax (507) 506-7700 / 506-7703 P.O. Box 0832-2397 W.T.C. Panama, Republic of Panama - www.superbancos.gob.pa - email: superbancos@superbancos.gob.pa Official document signed with Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Superintendency of Banks of Panama, in accordance with Law 83 of 09/11/2012 and Executive Decree No. 275 of 11/05/2018. Use the QR Code to verify the authenticity of the document or the URL:
https://sigob.superbancos.gob.pa/consulta?id=nd6gOtLbGMMFW%2FVUJ1F9nIrh9PQrSRKeSoVlXdis%2FV0%3D