Superintendencia del Mercado de Valores – Panama

The Superintendencia del Mercado de Valores (SMV) is the regulatory authority responsible for overseeing the securities markets in Panama. It was established by Law 67 of September 1, 2011, replacing the former National Securities Commission. The SMV aims to ensure the integrity, transparency, and orderly functioning of Panama’s securities markets.

Key Functions and Responsibilities

• Regulatory Supervision: The SMV regulates issuers, investment companies, intermediaries, and other market participants to ensure compliance with financial regulations and prevent fraudulent activities.
• Market Integrity: It enforces legal standards to maintain market integrity, prevent market manipulation, and promote fair trading practices.
• Consumer Protection: The SMV focuses on protecting investors by ensuring transparency and proper disclosure of information, thereby enabling informed investment decisions.