Philippines

Philippine SEC Directs Listed Firms to Disclose Auditor Fees

By Sanday Chongo Kabange | 15/01/2025

Listed firms must disclose the fees paid to external auditors in their annual financial statements for the period ending 31 December 2024, and thereafter.

AML / KYC

Philippine AMLC Issues New Transaction Reporting Guidelines

By Sanday Chongo Kabange | 12/01/2025

The AMLC says the guidelines, to be adopted in phases, are intended to help covered persons carry out one of their “primary duties”

Securities / Derivatives

Philippine SEC Proposes to Introduce Concept of ‘Seasoned Issuers’

By Editors | 10/01/2025

Issuers that meet specific criteria can be classified as ‘Seasoned Issuers’ and benefit from simplified regulatory requirements and faster review processes for bond issuance

Securities / Derivatives

Philippine SEC Proposes Draft Framework for Sukuk Bonds

By Editors | 07/01/2025

Companies can only issue sukuk through special purpose vehicles created specifically for such issuances.

ESG / Sustainability

Philippine SEC Issues Draft Framework for Green Equity Offerings

By Editors | 05/01/2025

The ‘green equity’ designation signifies that over 50% of both revenue and investments are linked to green activities.

Crypto / Digital Assets

Philippine SEC Proposes New Regulatory Framework for Crypto

By Manesh Samtani | 02/01/2025

The rules cover capital requirements, consumer protection, disclosures and marketing, AML compliance, market abuse, and cybersecurity.

Market Infrastructure

OECD Offers Recommendations on Boosting Philippine Capital Market

By Sanday Chongo Kabange | 11/12/2024

The recommendations include measures to improve corporate governance, ease listing requirements and deepen the investor base.

Fintech / Regtech

BSP Extends Cyber Risk Management Software to All Banks, VASPs

By Sanday Chongo Kabange | 10/12/2024

The BSP said it is expanding the use of its cyber risk management software known as ASTERisC* to all banks and VASPs.

Crypto / Digital Assets

BSP Concludes Tests on Streamlining Interbank Payments With CBDC

By Editors | 06/12/2024

The BSP said Project Agila testing found that off-hours transactions can safely be supported by open-source DLT through the Oracle Cloud Infrastructure.