The Securities and Exchange Commission (SEC) announced that one of its directors was arrested for extortion by the National Bureau of Investigation (NBI) in an entrapment operation. The commission said the NBI and SEC coordinated in the arrest of the unnamed SEC director for allegedly extorting...
The Securities and Exchange Commission (SEC) finalized rules imposing a maximum 10-year cumulative term limit for broker-directors of the Philippine Stock Exchange (PSE), standing firm against pushback from local stockbrokers while offering a two-year transition window. Under SEC Memorandum...
The Securities and Exchange Commission (SEC) has amended its rules by expressly including securities exempt from registration with the commission, such as government securities (GS), in the portfolio threshold requirements for qualified buyers. The SEC said the amendment is aimed at promoting...
The Securities and Exchange Commission (SEC) has suspended the imposition of monthly penalties in the late or non-filing of reportorial requirements until December 31, 2026 in order to reduce transaction costs and promote the ease of doing business. In its meeting last May 5, the Commission En Banc...
The Securities and Exchange Commission (SEC) has published a user-friendly digital compilation of its latest rules and regulatory updates to simplify public access to the country’s securities regulations. The commission called the published material the Annotated Consolidated Reference of the...
The Securities and Exchange Commission (SEC) cheered the inclusion of Philippine peso-denominated government securities into the J.P. Morgan Government Bond Index - Emerging Markets (GBI-EM). Set to enter the benchmark are nine Philippine government bonds with an aggregate outstanding value of...
The Securities and Exchange Commission (SEC) urges financing and lending companies to adopt relief measures for borrowers whose ability to pay their debts may have been compromised by rising fuel prices resulting from the conflict in the Middle East. In a notice dated April 16, the Commission...
The Securities and Exchange Commission (SEC) has issued new rules governing the creation of umbrella funds, which are open-end investment companies that have at least two sub-funds pursuing their own investment objectives. The commission issued SEC Memorandum Circular (MC) No. 14, the rules on...
The Securities and Exchange Commission (SEC) further extended the period for micro, small, and medium enterprises (MSMEs) to avail of fee discounts in the incorporation of their businesses. The Commission, on March 26, issued SEC Memorandum Circular No. 13, Series of 2026, aimed at Further...
GMA Network Inc. has failed to secure a temporary restraining order (TRO) against the Securities and Exchange Commission’s (SEC) new rules imposing a strict term limit on independent directors of publicly listed companies. Makati City Regional Trial Court (RTC) Branch 38 denied an application for...
Starting this year, the Securities and Exchange Commission (SEC) will be more stringent in ensuring that large corporations and publicly listed firms raise the bar in sustainability reporting to support market credibility. “This is why the SEC issued Memorandum Circular (MC) No. 16 in 2025. By...
The Securities and Exchange Commission (SEC) is ready to face Philippine Stock Exchange (PSE) broker-directors in court if they pursue a legal challenge against the commission’s proposed imposition of term limits for brokers sitting on the board of an exchange. “We ’ re not afraid to go to...
