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UBS Asesores SA is an entity regulated and supervised by the Superintendencia del Mercado de Valores de Panamá. Licensed to operate as an Investment Advisor (Resolution No. CNV-316-01).

UBS AG Representative Office – Panama is an entity regulated and supervised by the Superintendencia de Bancos de Panamá. License to operate as a Representative Office. Resolution S.B.P. No.017-2007.

UBS Switzerland AG Representative Office – Panama is an entity regulated and supervised by the Superintendencia de Bancos de Panamá. License to operate as a Representative Office. Resolution S.B.P. No. 0178-2015.

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