Page 8 - Securities Regulation Code News Today

Attention: Mr. Vicente Graciano P. Felizmenio, Jr. Director - Markets and Securities Regulation Dept Philippine Dealing & Exchange Corporation ... | April 17, 2023

The Securities and Exchange Commission has scored another victory against fraudulent lenders.

The Court of Appeals (CA) has declared valid the 20 search warrants issued by the Manila regional trial court (RTC) against officers and members of the Kapa-Community Ministry International, Inc. (KAPA) for alleged involvement in the reported P50-billion Ponzi investment scheme.

In order to attain civilization, mankind created laws to define the limits of what can and cannot be done.

The Securities and Exchange Commission is granting amnesty to corporations and other regulated entities for late and non-filing of certain reportorial requirements.

The Securities and Exchange Commission (SEC) has extended this year’s deadline for corporations to submit their annual financial statements (AFS) for fiscal year ending in December 31, 2022. The Commission said it issued SEC Memorandum Circular No. 1, Series of 2023 (SEC MC 1), which provides the

The Securities and Exchange Commission has extended the deadline for the submission of annual financial statements of corporations.

A lot of the foreign direct investments that come into our economy do not go into stand-alone businesses.

Minority shareholders of a public company who may not agree to the entry of new investors into the company are given a chance to exit the firm via what is known as the mandatory tender offer.

Cemex Holdings Philippines Inc. (CHP) is remaining neutral and is neither discouraging nor encouraging its shareholders to tender their shares in the P2.1 billion tender offer being made by its parent company Cemex Asian South East Corporation (CASEC). In a disclosure to the Philippine Stock Excha