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  • Article

    Environmental, Social, And Governance (ESG) Investing In The Philippines

    Broadly speaking, environmental, social, and governance (ESG) investing is understood as investing that incorporates ESG factors in investment decisions...
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Amends Rules On Shelf-Registration

    On 19 September 2025, the SEC issued Memorandum Circular No. 12, or the Amendments to Rule 8.1.2 of the 2015 Implementing Rules and Regulations of the Securities Regulation Code – Delayed and Continuous Offering and Sale of Securities (Enhanced Shelf Registration).
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Issues New Green Equity Guidelines

    On September 23, 2025, the Securities and Exchange Commission (the "SEC") issued Memorandum Circular No. 13, Series of 2025, or the Guidelines on Philippine Green Equity (the "Green Equity Guidelines").
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC MC No. 6-2023 Bulletin

    The Securities and Exchange Commission (SEC) has extended the deadline for applications for amnesty...
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC MC No. 10- 2022 Bulletin - February 2023

    The Circular took effect on January 1, 2023. It increased the penalties imposed under the 2019 Circular and imposed additional non-financial penalties.
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Issues Rules To Implement BSP Ceilings On Interest Rates And Other Fees

    Last March 1, 2022, the Securities and Exchange Commission ("SEC") issued its Memorandum Circular No. 3 to implement the ceilings previously imposed by the Bangko Sentral ng Pilipinas...
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Adopts Revised Sustainability Reporting Requirements; Large Non-Listed Entities Now Covered

    The Philippine Securities and Exchange Commission (“SEC”) issued Memorandum Circular No. 16, series of 2025 (“SEC MC No. 16-2025”)...
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Issues Guidelines On The Submission Of Digital Copies Of Applications, Compliance Documents And Other Requests

    The Securities and Exchange Commission (SEC) issued Memorandum Circular No. 18, Series of 2023, providing guidelines on the submission of digital copies of applications, compliance documents...
    PhilippinesCorporate/Commercial Law
    Napiere Abueg Ragsac & Partners
    Napiere Abueg Ragsac & Partners
  • Article

    Doing Business In The Philippines: A General Guide

    The guide covers the setting up of a corporation or a branch office in the Philippines, post-SEC registration permits, how Philippine entities are taxed, tax incentives available, and merger notification rules.
    PhilippinesCorporate/Commercial Law
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Republic Act No. 11765: An Act Affording More Protection To Consumers Of Financial Products And Services

    On May 06, 2022, Republic Act (RA) No. 11765, or the Financial Products and Services Consumer Protection Act, was signed into law.
    PhilippinesConsumer Protection
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Tests Of Doing Business And Penalties For Unregistered Entities Considered As Doing Business In The Philippines

    There is no specific definition of "doing business" in the Corporation Code of the Philippines. However, under the Foreign Investments Act...
    PhilippinesGovernment, Public Sector
    GRATA International
    GRATA International
  • 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

    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

    New Guidelines On Sustainability-Linked Bonds Issuance Now Available

    The Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 3, Series of 2023 or the Guidelines on the Issuance of Sustainability-Linked Bonds Under the ASEAN Sustainability-Linked Bond Standards...
    PhilippinesLaw Department Performance
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    The FIST Act (Republic Act No. 11523): A Relief Measure For The Philippine Banking Industry

    Republic Act No. 11523, also known as "An Act Ensuring Philippine Financial Industry Resiliency Against the COVID-19 Pandemic" (FIST Act).
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Issues Regulations To Implement Financial Consumer Protection Act

    On 25 April 2023, the Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 5, series of 2023 (link here) and adopted the SEC Rules and Regulations of the Financial Products...
    PhilippinesConsumer Protection
    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

    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

    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
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