Philippines

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    ESG / Sustainability

    SEC Philippines to Issue Revised Sustainability Reporting Guidelines

    By Sanday Chongo Kabange | 08/09/2023

    The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.

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    BSP Engages Saudi Arabia in Push to Develop Islamic Banking Sector

    By Sanday Chongo Kabange | 08/09/2023

    The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.

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    Securities / Derivatives

    Philippines Will Implement Short Selling Rules, Says Regulator

    By Sanday Chongo Kabange | 07/09/2023

    The SEC approved guidelines on short selling as early as 2018. It now says it is pushing to align its rules with major Asian markets.

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    ESG / Sustainability

    BSP Signs UN-backed Principles for Responsible Investment

    By Sanday Chongo Kabange | 22/08/2023

    Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.

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    Fintech / Regtech

    BSP Unveils Timeline for New International Transaction Reporting System

    By Editors | 18/08/2023

    A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

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    Market Infrastructure

    Philippines to Implement T+2 Stock Settlement Cycle on 24 Aug

    By Sanday Chongo Kabange | 16/08/2023

    The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.

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    Securities / Derivatives

    BSP Issues New Rules for UITFs on the Use of Benchmarks

    By Editors | 14/08/2023

    The BSP specifies a one-year transition period to allow unit investment trust funds to review their benchmarks and make changes where needed.

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    Fintech / Regtech

    Philippines: Banks See Shift to XML-based Reporting as Beneficial, Despite Challenges

    By Manesh Samtani | 19/07/2023

    BSP officials and members of the banking community attended a Regulation Asia-Adenza roundtable to discuss new XML-based reporting requirements in the Philippines.

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    Philippines: Bill to Establish Sovereign Wealth Fund Becomes Law

    By Editors | 18/07/2023

    The Maharlika Investment Fund still faces criticism amid expectations that it will propel economic growth and help attract foreign investors.

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    ESG / Sustainability

    BSP Calls on Banks to Disclose ESG Impact of Assets

    By Editors | 14/07/2023

    The BSP is collaborating with scientists to develop a metric that will be used to score banks on their efforts to fight climate change.

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