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  • Article

    SEC Adopts ASEAN SRFs, Establishes Implementing Rules

    The Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 4, Series of 2023 ("Circular") adopting the ASEAN Sustainable and Responsible Fund Standards ("ASEAN SRFS")...
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    How To Handle Business Permit Renewals In Philippines

    The rules surrounding the annual renewal of business permits in the Philippines are complex and with the 20 January deadline looming, now is the time to prepare your business.
    PhilippinesCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
Article

SEC MC No. 9-2023 Bulletin

The Philippine Securities and Exchange Commission ("SEC") has further extended to September 30, 2023 the deadline for amnesty applications for late and non-filing of annual...
PhilippinesCorporate/Commercial Law
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
  • Article

    "Cutting The Red Tape" With New Systems

    The term "red tape" comes from the 16th century process of binding with red ribbon official documents for government use.
    PhilippinesGovernment, Public Sector
    Withers LLP
    Withers LLP
  • Article

    SEC Releases New Draft Circular On Online Lending Platforms

    The Securities and Exchange Commission has released a draft memorandum circular proposing to lift the moratorium on new online lending platform registrations while establishing a comprehensive regulatory framework for digital lending operations. The proposed guidelines introduce stringent prudential, disclosure, and market conduct requirements that will reshape how financing and lending companies operate in the digital space.
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    DOLE Issues Revised Implementing Rules And Regulations Of The Telecommuting Act

    On September 16, 2022, the DOLE issued Department Order No. 237, series of 2022, or the Revised Implementing Rules and Regulations of Republic Act No. 11165 or the Telecommuting Act...
    PhilippinesEmployment and HR
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Liability Of Foreign-Based Companies Hiring Philippine-Based Workers Under Philippine Labour Laws

    The extra-territorial application of Philippine labour laws is often discussed in the context of overseas Filipino workers ("OFW")...
    PhilippinesEmployment and HR
    L&E Global
    L&E Global
  • Article

    Tax Updates February 2021 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 8)

    SyCipLaw's Tax Department prepared a TIPS bulletin for the month of February.
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Lifts Five-Year Moratorium On Online Lending Platforms And Issues New Regulatory Framework

    Following a series of public consultations, the Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular No. 20, Series of 2026, entitled “Guidelines Prescribing Prudential...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    PCC Issues Motu Proprio Merger Review Guidelines For Digital Markets

    On 21 August 2023, the Philippine Competition Commission ("PCC") issued the Guidelines for the Motu Proprio Review of Mergers and Acquisitions...
    PhilippinesAntitrust/Competition Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC MC No. 02- 2023 Bulletin - March 2023

    The Circular took effect on March 17, 2023.
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    PSE Issues Amendments To The Voluntary Delisting Rules

    The Philippine Stock Exchange (PSE) issued Memorandum CN-No. 2020-0104, dated December 21, 2020, on the amendments to its Voluntary Delisting Rules.
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    New Tax Cuts, Incentives In The Philippines Under CITIRA

    CITIRIA will reduce corporate income tax from 30 percent to 20 percent over a 10-year period as well as rationalize specific tax incentives.
    PhilippinesTax
    Dezan Shira & Associates
    Dezan Shira & Associates
  • Article

    SyCipLaw's Top 10 Tax Issues And Practical Solutions (T.I.P.S.) For 2022

    In 2021, the BIR issued Revenue Memorandum Order (RMO) No. 14-2021 to streamline the procedures and requirements for the availment of tax treaty benefits.
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    NPC Amends Guidelines On Processing Data For Loan Transactions

    On 14 September 2020, the National Privacy Commission ("NPC") issued Circular No. 20-01 setting forth the guidelines on the processing of personal data for loan-related transactions.
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Duties And Responsibilities Of Financial Service Providers And The Rights Of Financial Consumers

    The government passed Republic Act (RA) No. 11765, otherwise known as Financial Products and Services Consumer Protection Act, to ensure that appropriate mechanisms are in place to protect...
    PhilippinesFinance and Banking
    Napiere Abueg Ragsac & Partners
    Napiere Abueg Ragsac & Partners
  • Article

    Beneficial Ownership Transparency Guidelines

    This is a bulletin on Securities and Exchange Commission Memorandum Circular No. 01, series of 2021, entitled "Guidelines in Preventing the Misuse of Corporations for Illicit Activities through Measures Designed to Promote ...
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Outsourcing in the Philippines

    Summary : Outsourcing is considered as one of the bright spots in the Philippine economy. It will be a major driver of growth for the next five years. The Philippine Government has enacted several policy directives to attract foreign investment in this area, including tax incentives, customs perks, and a favorable labor policy. Several of these tax and fiscal incentives are discussed in this article.
    PhilippinesEmployment and HR
    Zambrano And Gruba Law Offices
    Zambrano And Gruba Law Offices
  • Article

    Philippine SEC Revises Its Rules On Philippine Real Estate Investment Trusts

    On January 8, 2026, the Securities and Exchange Commission of the Philippines ("Philippine SEC") introduced revisions to the country's 2020 REIT Rules (the "2026 Revisions").
    PhilippinesReal Estate and Construction
    Milbank
    Milbank
  • Article

    Tax Updates January 2022 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 15)

    On December 10, 2021, the President signed into law Republic Act (R.A.) No. 11635 amending Section 27(B) of the National Internal Revenue Code, as amended (Tax Code).
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
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