The Securities and Exchange Commission said it is preparing new guidelines that seek to expand fundraising and investment opportunities in the country’s capital market and strengthen the protection of investors and other financial consumers.
The proposed amendments are expected to reinforce the agency’s authority to verify the procedures of authorized registrars in accrediting qualified buyers to ensure that they maintain regulatory oversight and compliance with market regulations. The draft rules take into account the growth and development of new crypto-asset markets, services and business models, as the SEC wants to establish an affirmative legal framework to provide protection against consumer harms and systemic risks.
Meanwhile, the SEC released the draft guidelines for Philippine Green Equity which seek to promote the visibility and attractiveness of companies that actively support green activities and initiatives. Interested parties have until January 25 to submit their comments and inputs on the draft guidelines.
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