English Translation of Panamanian Securities Act (Law No 1 of July 8, 1999) whereby the National Securities Commission is created and the securities market is regulated in the Republic of Panama. This law regulates investment advisors, brokers, administrators, custodians, public and private investment funds and investment companies. Including the following amendments: Public Law N 42 of October 2, 2000 Public Law N 29 of July 3, 2001 Public Law N 11 of January 30, 2002 Public Law N 45 of June 4, 2003 Public Law N 6 of February 2, 2005"