Panama’s securities industry regulator and the Chartered Institute for Securities & Investment have signed an education cooperation agreement.
The document was signed by the superintendent of the Panamanian securities regulator, the Superintendencia del Mercado de Valores (SMV), and Chartered Institute for Securities & Investment (CISI) chief executive Simon Culhane, in the presence of the UK’s ambassador to Panama, Ian Frank Collard, CISI said in a statement on Tuesday.
The agreement means that the CISI “will support SMV with the organisation of events and the promotion of the value of professionalism in the securities market, particularly as it relates to qualifications, continuing professional development (CPD), integrity and ethics”, CISI said in its statement.
CISI has “an established representative presence in Latin America, with many of its professional qualifications available via self-study in Spanish and English”, CISI said, without providing details of its representative Latin American presence, or its location.
It said the agreement will ensure that CISI’s expertise in the area of qualifications and professionalism is promoted to SMV employees, industry professionals, students, investors and the general public.
Promoting best practice
CISI is a non-profit trade association which sets standards for practitioners in the securities, investment, wealth and financial planning professions, while also providing qualifications for these sectors and and promoting best practice ideals.
During the signing ceremony, UK ambassador Collard noted that the agreement would allow for the “further strengthening” of the collaboration between Britain and Panama.