The Securities and Exchange Commission (SEC) has set the schedule of filing of corporations’ annual financial statements (AFS) and general information sheets (GIS) for this year. The Commission on March 3 issued SEC Memorandum Circular No. 1, Series of 2025, which provides for the 2025 Filing of...
The Securities and Exchange Commission (SEC) is taking a more active role in enhancing the quality of financial reporting by promoting high-quality audits to protect the investors and public interest. This commitment was made by the SEC when it represented the Philippines recently in the...
The Court of Appeals (CA) said the Securities and Exchange Commission was right to issue a cease and desist order (CDO) against Superbreakthrough Enterprises Corp., doing business under the name 1UP Time, for unauthorized solicitation of investments from the public. In a decision promulgated on...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Ecomamoni Environmental Recyclable Materials Manufacturing Inc. for soliciting investments from the public without the necessary license from the Commission. In an order, the SEC’s enforcement and investor...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against a lending business operator who does not have the necessary registration and approval from the Commission. In an order issued last Feb. 18, 2025, the Commission en banc directed Fernando Joquico Santos,...
To ensure that the Philippines stays out of the grey list of global financial crimes watchdog Financial Action Task Force (FATF), the Securities and Exchange Commission (SEC) is rolling out more reforms to combat money laundering and terrorist financing. In a press conference, SEC Chairperson...
The Securities and Exchange Commission (SEC) has approved Megawide Construction Corporation’s planned public offering of up to ₱5.95 billion worth of preferred shares. In its meeting on Feb. 25, the Commission En Banc resolved to render effective Megawide’s registration statement covering a...
To support the strong economic growth and the rise of new businesses in the Cagayan Valley region, the Securities and Exchange Commission (SEC) has opened a new office in Ilagan City. The SEC inaugurated the SEC Ilagan Extension Office (EO) on Feb. 24, located at the ground floor of The Capital...
The Securities and Exchange Commission (SEC) is pushing for the expansion of the government securities (GS) repurchase agreement (repo) market as part of its commitment to deepen the country’s capital market. The Commission said in a statement that since it assumed direct market oversight in...
The Philippines has successfully exited the grey list of the Financial Action Task Force (FATF) following reforms implemented by the Securities and Exchange Commission (SEC) to enhance financial integrity and transparency in the corporate sector. On the final day of the FATF plenary on Feb. 21,...
The Securities and Exchange Commission (SEC) has approved the planned offering by Filinvest Land Inc. of peso denominated fixed rate bonds worth up to ₱12 billion. The offering, a ₱9 billion base and a ₱3 billion over-subscription option of up to ₱3 billion, consists of five-year bonds due...
More Filipinos are going into business, with the Securities and Exchange Commission (SEC) reporting record-high registrations of new companies in 2024. In a statement, the SEC said registrations for new companies hit an all-time high last year on the back of innovative and advanced digital...
