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THE Securities and Exchange Commission (SEC), pursuant to its authority under the Revised Corporation Code of the Philippines and the Securities Regulation Code (SRC), continues to spearhead streamlined reforms to maintain an organized and orderly filing of audited financial statements (AFS) and general information sheets (GIS), through the issuance of SEC Memorandum Circular 2, Series of 2022 ...
August 2, 2023. Resize. THE Securities and Exchange Commission (SEC) on July 13, 2023 published a notice requesting the public to comment on the draft guidelines on the creation or increase of additional paid-in capital (APIC) pursuant to its mandate to supervise all corporations and persons acting on its behalf in the Philippines. As a ...
February 28, 2024. Resize. ON Feb. 23, 2024, the Securities and Exchange Commission (SEC) issued Memorandum Circular 5, Series of 2024, or the guidelines on the Philippine Sustainable Finance Taxonomy as part of efforts to promote environmentally and socially sustainable economic activities. Formulated under the auspices of the Financial Sector ...
THE Securities and Exchange Commission (SEC) on Dec. 5, 2023 hosted with the Asian Development Bank (ADB), in partnership with the British Embassy Manila and the Asean Catalytic Green Finance Facility, an event to officially launch blue bonds in the Philippines following the issuance on Sept. 21, 2023 of SEC Memorandum Circular 15, Series of 2023, providing for guidelines on eligible blue ...
June 26, 2019. Resize. KELVIN LESTER LEE. One of the changes introduced by the Revised Corporation Code (RCC), or Republic Act No. 11232, pertains to the power of the Securities and Exchange Commission (SEC) to screen corporate names, shifting the standard for the approval of corporate names and resolution of disputes from “confusingly ...
Resize. IN Securities and Exchange Commission (SEC) OGC Opinion 22-12 dated Sept. 27, 2022, the requesting party asked whether a corporation may be allowed to issue shares of stock at a premium and whether a corporation was allowed to have more paid-up capital than its authorized capital stock. The SEC answered both queries in the affirmative ...
IN the Philippines, the Securities and Exchange Commission (SEC) is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, the securities and investment instruments market, and the protection of the investing public. This charge includes regulation of inherently high-risk market activity such as those engaged in by ...
June 14, 2024. Resize. NEW Seataoo Corp. (Seataoo) has responded to a Securities and Exchange Commission (SEC) order cancelling its registration and imposing a P1-million fine for unauthorized investment activities. The company claimed the issue was due to industry competition and assured customers that its operations would continue.
March 30, 2024. Resize. (UPDATE) LAWYER Hubert Dominic Guevara, who left Malacañang to return to the Securities and Exchange Commission (SEC) earlier this month, passed away early on March 29 at the age of 56. Guevara, who previously served as senior deputy executive secretary under the Office of the President, was appointed as SEC ...
July 2, 2024. Resize. THE Securities and Exchange Commission (SEC) expects the Philippines to be dropped from an anti-money laundering watchlist given progress made with regard to addressing strategic deficiencies. The Financial Action Task Force (FATF) last Friday kept the country on its "grey list" — states that are subject to increased ...