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.

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.

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.

Panama: $726 Million in Securities Registrations

June 2009

As of May, $439 million in registrations have been approved and eleven requests totaling $287 million are in process.

Juan Martans, the president of the National Securities Commission (CNV), highlighted that this activity shows the need for resources by companies and the return of investor confidence.

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