Panama's Superintendency of the Securities Market has notified registered investment companies and their legal representatives of an official opinion addressing their status as issuers and the regulatory fee for amendments to terms and conditions. The opinion, issued on June 19, 2026, and published in the Official Gazette on July 2, clarifies that an investment company must pay the applicable registration fee when seeking to register prospectus amendments that affect the terms and conditions of the securities issuance.