Regulatory Alerts1999-07-08
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Unified Text of Decree-Law 1 of July 8, 1999, and Title II of Law 67 of 2011 Regarding the Securities Market and the Securities Market Superintendence
The National Assembly of Panama enacted Decree-Law 1 of 1999 to establish the Securities Market Superintendence as an autonomous regulatory body responsible for supervising the securities market. The law defines the Superintendence's organizational structure, including a Board of Directors and a Superintendent, while detailing their respective powers, qualifications, and operational objectives. It mandates the regulation of market participants to ensure legal security, transparency, and investor protection through specific supervisory and enforcement authorities.
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