Panama's Superintendency of the Securities Market published a reminder to Casas de Valores holding its licences that they must pay the supervision fee for the current year, based on activity in the second quarter of 2025, within 30 calendar days in July 2025. Firms are required to submit the relevant forms before making payment. The fee may be paid by certified or cashier’s cheque payable to the Superintendency of the Securities Market or by bank transfer, with transfers requiring prior coordination with the Treasury Department to obtain banking details and subsequent submission of the payment confirmation for issuance of a PDF receipt once funds are credited; original receipts may be collected in person, at which point original RP forms are to be provided. The notice cites Laws 67 of 2011 and 66 of 2016, Agreement 11-2013 (Articles 5 and 6), and Resolution SMV-63-2021 as the legal basis.