As part of its efforts to develop the local capital market, the Securities and Exchange Commission (SEC) has outlined policy reforms which includes improving regulatory framework that will make Philippine listed companies to be included in global market indices. “A robust market must reflect the...
The Securities and Exchange Commission (SEC) has expanded its list of industries that can avail of its one-day registration process as part of the Commission’s drive to make company registration faster and easier. The SEC said registrations have surged with the expansion of the list of industries...
The Securities and Exchange Commission (SEC) is planning to issue new rules that will no longer allow the extension of terms of independent directors of publicly listed companies beyond the nine-year limit but will also give them security of tenure during those nine years so they can speak freely...
Securities and Exchange Commission Chairman Francis Ed. Lim urged the country’s leading financial executives to demonstrate ethical leadership, as the Philippine capital market has lagged behind its regional counterparts due to a lack of integrity. “Integrity is the invisible currency of our...
The Securities and Exchange Commission has started a fact-finding exercise into the allegations over the surge in valuation of the vast tracts of prime property owned by Villar Land Holdings corporation, and the company said it welcomes the probe. In a media interview, SEC Chairman Francis Lim...
Securities and Exchange Commission (SEC) Chairman Francis Lim underscored the growing maturity of corporate governance in the ASEAN despite the adoption of more rigorous standards. Lim spoke during the 2025 ASEAN Corporate Governance Conference and Awards (CGCA) held last July 24 in Kuala Lumpur,...
The Securities and Exchange Commission (SEC) clarified that the Capital Markets Efficiency Promotion Act (CMEPA) does not introduce new taxes concerning the 20 percent tax on interest income on long-term deposits, but instead standardizes the tax rate across investment instruments. “The tax code...
To encourage more corporations to offer stocks and bonds to the public, the Securities and Exchange Commission (SEC) is enforcing strict 45-day processing timelines and giving a 30-percent discount to companies that will conduct public offerings until the end of the year. The Commission on July 24...
To fulfill its commitment to supporting local small businesses, the Securities and Exchange Commission (SEC) is offering micro, small, and medium enterprises (MSMEs) discounts of 20 percent to 50 percent on certain transaction fees. The Commission, on July 16, issued Memorandum Circular No. 8,...
The Securities and Exchange Commission (SEC) is enforcing strict timelines for its processing of substantially all types of applications, with a “deemed approved” policy for requests left unattended beyond the prescribed period. The landmark move to improve service delivery and reinforce its...
The Securities and Exchange Commission (SEC) has bolstered support for micro, small, and medium enterprises (MSMEs) with fresh initiatives to bring its services closer to businesses, including tips on how to raise funds from the capital market and crowdfunding. During the celebration of the MSME...
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
