The Superintendence of the Securities Market of Panama has issued its regulation of this year, Agreement 1-2019, to establish an abbreviated register of securities for recurrent registered issuers. If the issuer has registered securities during the prior 5 years, it is considered to be recurrent and therefore subject to the abbreviated procedure.
It is also recurrent if the new registration takes place within 12 months after the last registered securities have been redeemed.
Also, the issuer has to be in good standing to apply to this new procedure. If the application documents are in order, the Superintendence will approve it within 5 business days.
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