Tag "Securities and Exchange Commission (SEC)"

SEC Greenlights Investree Philippines for Permanent Crowdfunding License

The Securities and Exchange Commission (SEC) has granted Investree Philippines a permanent license to operate as a crowdfunding platform following a review of the company’s operations since the issuance of its provisional license in January 2021. Investree Philippines is a

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Philippines’ SEC Issues Guidelines to Stamp Out Predatory Lending Practices

The Securities and Exchange Commission (SEC) has issued draft guidelines for the registration and operation of online lending platforms (OLPs) to stamp out abusive and predatory practices. The proposed guidelines will apply to both existing and newly registered financing and

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Philippines’ SEC Creates New Fintech Innovation Office

The Securities and Exchange Commission (SEC) has launched the PhiliFintech Innovation Office (PIO) which will focus on the fintech regulations in the country. Launched under the Corporate Governance and Finance Department (CGFD) his move aims to further promote financial inclusion

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Philippines Securities Commission Unveils Online Payment Portal

The Philippines’ Securities and Exchange Commission (SEC) has launched its online payment system for companies to pay their registration fees. The newly developed SEC Payment Portal is a web-based system that allows for the payment of registrations, transaction fees, and penalties

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Plans for the Launch of Philippines Fintech Sandbox Are Underway

The two Philippines fintech groups, Fintech Alliance.PH and Fintech Philippines Association, announce plans to collaborate on the launch of the Philippines Fintech Industry Sandbox which is supported by the UK Prosperity Fund ASEAN Economic Reform Programme (ASEAN ERP). The initiative

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SEC Urges the Central Bank to Consider Capping Consumer and Payday Loans Next

The Securities and Exchange Commission (SEC) has hailed the central bank’s move to cap charges on credit card transactions, raising its hopes that similar limits will soon apply to consumer and payday loans offered by lending and financing companies. On

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