Venezuelan Interest in Panamanian Securities Market

10 stock brokerages from Venezuela have filled the paperwork to operate in Panama.

Friday, July 17, 2009

Juan Manual Martans, president of the Panamanian securities commission, was interviewed by newspaper La Estrella. He remarked the stability and favorable conditions of the country's market as reasons behind the interest of these brokerages.

"These licenses allow intermediation activities based in Panama for transactions affecting the Venezuelan market... Interest was also shown by Colombian and U.S. groups, which engage in intermediation or counseling", published La Estrella.

More on this topic

Panama Warns about Unregulated Finantial Companies

July 2010

The country's National Securities Commission warns that there are more than 100 unregulated companies registered in the stock market.

The list of unregulated companies is published on the website of Panama's National Securities Commission (CNV), which advises that negotiations with these companies are carried out at the risk of the clients.

Panama: $903 Million Securities Issued in 2009

January 2010

In 2009 the Panamanian securities market registered half the volume of issued securities of 2008.

Juan Martans, securities commissioner, considers that the year was 'very good', keeping in mind that they expected a very tough 2009, due to the international financial crisis.

New Regulations for Panamanian Stock Brokers

April 2010

A new regulation, numbered 2-2010, changes the securities issue registry, making the securities registration process faster.

2-2010 makes it faster to register recurring issuers from recognized jurisdictions. Conaval, the national securities commission, must still thoroughly review the informative prospectus to ensure investors can understand the risks of each security.

Central Bank of Costa Rica promotes participation in exchange market

September 2008

The BCCR is pushing for greater participation in the wholesale money market known as the Foreign Exchange Market (Monex).

Two legal modifications are in process that will allow new participants to join the stock exchange system on their own and at their own risk; the other seek to expand the number of participants, to include others such as exporters and importers.

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Challenge Consulting Group S. A.

Consulting firm especialized in financial and securities ehchange markets in Latinamerica
Operates in Panama
Phone: (507) 6729 5697

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