The Superintendency of Securities in Panama
The transition of the Comisión Nacional de Valores (National Securities Commission) to the new entity has been affected by administrative and legal difficulties which are causing confusion.
Friday, May 11, 2012
The process is suffering from legal and administrative complications in the absence of a regulation in the new law regulating the securities market, which has led to administrators not making decisions nor responding to consultations, among other problems.
In the past seven years the number of brokerage houses and investment managers operating in the country has doubled, going from 35 in 2005 to 78 November 2012.
The challenges that the National Securities Commission must confront to comply with its mission of regulation and control of the Panamanian securities market.
With the industrial sector leading the way, Panamanian companies are increasingly going to the local stock market for their financing.
Hydro Caisán requested permission for its second corporate bond issue which it aims to use to restructure liabilities.
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