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Ley 42. que reglamenta las operaciones de las empresas financieras

Law 42. That regulates the operations of financial companies

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Summary

The Law regulates the activity of the financial companies. With regards to reporting, the Law states that within four months after the close of the fiscal year, financial companies must submit to the Financial Companies Department of the Ministry of Commerce and Industry their financial statements, duly audited by an authorized public accountant.

Reporting Exchange
Issuer

Panama

Year

2001

Region

North America

Issuer (type)

Panama Ministry of Commerce and Industry (Government)

Instrument type

Law

Disclosure instrument

Yes

Geographical scope

National

Mandatory or voluntary

Mandatory

Text analysis

    • Low 0.59%
    • Moderate 0.15%
    • S focus: compensation
    • G focus: money laundering, audit
    • Finance, Management, Professional services, Public administration