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Altos del Romeral, Ave. Santa Elena and Andalucía Street, No. 53. Panamá

Securities Law

Securities Law

The securities market in Panama is regulated by Law Decree 1 of 1999 as amended by Law 67 of 2011 (together know as the Securities Act), and the entity charged with the supervision and enforcement is the Superintendency of the Securities Market (Superintendencia del Mercado de Valores).  The Superintendency has the added duty of regulating the market within the general parameters of the Securities Act.  The Superintendency regulates the Securities by means of issuing Agreements (Acuerdos), the purpose of which is to regulate particular aspects of the Securities Act, and by means of Opinions (Opiniones), which are position statements, whereby the Superintendency formally adopts an administrative position regarding the meaning, interpretation and applicability of particular parts of the Securities Act and/or its own Agreements.

Our Firm is in position to guide you through everything related to the regulation of the securities market in Panama, particularly in the following areas:

  • Licensing of Intermediaries and other Market Entities such as Brokerage Houses, Investment Advisors, Investment Managers and Investment Funds;
  • Issuance of securities;
  • Rules of Conduct to which Intermediaries and other regulated participants of the securities market must submit;
  • The adoption and monitoring of Anti-Money Laundering Controls.