- The Securities and Exchange Commission (SEC) has proposed measures aimed at deepening the Philippine bond market, concurrent with comments made by Arce regarding capital market reforms.
- The SEC proposes changes to margin financing rules in the Philippine capital market.
SEC proposes draft rules linking Philippine market eligibility to ASEAN Taxonomy
What happened
The Securities and Exchange Commission has proposed a framework for the Philippine Green Equity Label, which is based on SEC guidelines for Philippine Green Equity. The Philippine Stock Exchange, Inc. (PSE) has put forward an oversight framework detailing applications, annual assessments, and disclosures for this label. This draft rule, dated September 18, is currently under public consultation and accepts comments until October 2.
From bworldonline.com
Why it matters
The label is intended for Philippine-listed companies that demonstrate alignment with environmental objectives through their business activities and financials. The proposed framework requires companies to submit formal applications, assessment reports from qualified reviewers, and their latest audited financial statements.
The SEC has also proposed measures aimed at deepening the Philippine bond market, concurrent with comments made regarding capital market reforms.
From bworldonline.com
Who's involved
- Securities and Exchange CommissionRegulator proposing guidelines for the Philippine capital market
- PhilippinesCountry whose capital market is the subject of the new draft rules
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The entities involved
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Securities and Exchange Commission
government agency of the Philippines
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Association of Southeast Asian Nations
international organisation of Southeast Asian countries