The Office of the President recognized the Securities and Exchange Commission (SEC) for its role in the Philippines’ exit from the grey list of global financial crimes watchdog Financial Action Task Force (FATF).In a ceremony at the Malacañan Palace, President Marcos, together with Executive...
The Securities and Exchange Commission (SEC) has launched six new digital platforms and a modern data center that will enhance the delivery of its services to the public, as part of its efforts to improve the ease of doing business in the country.` The Commission unveiled the fourth wave of its...
BDO Foundation President Mario Deriquito and SEC Chairperson Emilio B. AquinoThe Securities and Exchange Commission (SEC) and BDO Foundation have strengthened their investor protection and financial literacy initiatives with the launch of informational materials that aim to educate the public...
The Securities and Exchange Commission (SEC) and the Energy Regulatory Commission (ERC) are simplifying the process of raising capital through the capital market by power generation and distribution companies to support their growth and expansion.The SEC and ERC formally launched the Securing and...
The Securities and Exchange Commission announced that it has moved to a fully online and paperless company registration process so that applicants will no longer have to submit hard copies of physically signed or notarized documents.The Commission on April 4 issued SEC Memorandum Circular No. 3,...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash.Under the...
In response to requests from fund managers, the Securities and Exchange Commission (SEC) has relaxed the single business group (SBG) investment limit for equity funds, balanced funds, and multi-asset funds that have actual exposure to equity securities.The Commission on March 28 issued SEC...
The Securities and Exchange Commission (SEC) has signed a data sharing agreement (DSA) on beneficial ownership information with the Procurement Service of the Department of Budget and Management (PS-DBM) as part of efforts to combat illicit financial flows in the procurement process.The SEC...
Senator Raffy Tulfo called out the Securities and Exchange Commission (SEC) for the several lapses he observed in terms of regulating financial and lending companies' operation of their respective online lending applications (OLAs).Sen. Raffy Tulfo presides over the Subcommittee on Banks, Financial...
Large companies' heavy reliance on bank loans, particularly from major local banks, could amplify vulnerabilities within the Philippine financial sector, according to the 2024 Financial Stability Report (FSR)."Corporates’ heavy reliance on bank funding could amplify credit risks to the financial...
The Energy Regulatory Commission (ERC) and the Securities and Exchange Commission (SEC) launched a program designed to encourage power sector players to go public and comply with the Electric Power Industry Reform Act of 2001 (EPIRA).On Thursday, March 27, the ERC and SEC jointly launched SEC...
The Securities and Exchange Commission (SEC) is not abandoning the 20-percent minimum public ownership of rule for initial public offerings (IPOs), although it has approved the plan of the Philippine Stock Exchange (PSE) to relax its implementation of this requirement to make it easier for large...
