Tag: sec.
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SEC to share corporate data with BIR
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THE SECURITIES and Exchange Commission (SEC) will start sharing its data with the Bureau of Internal Revenue (BIR) to help the government improve tax collections. The SEC signed a memorandum of agreement on data sharing with the BIR, which will allow the latter to access documents needed for tax assessments…
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SEC to release cryptocurrency guidelines by second half
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THE Securities and Exchange Commission (SEC) said it plans to release the regulatory framework for cryptocurrency assets and trading by the latter part of the year. “We have to come up with (a framework); we will issue it by the second half of this year,” SEC Chairperson Emilio B. Aquino told reporters last…
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SEC yet to implement fee hikes, awaits assessment
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THE Securities and Exchange Commission (SEC) said its proposed higher fees and charges have not yet been implemented as it is awaiting a third-party assessment. “We just have the increased fines and penalties,” SEC Commissioner McJill Bryant T. Fernandez told reporters on the sidelines of a forum in Taguig City on April 29.…
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No more minimum commission for stockbrokers — SEC
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THE Securities and Exchange Commission (SEC) announced on Wednesday a decision to remove the minimum commission that stockbrokers may charge their customers, aiming to stimulate activity within the capital market. “The new rule allows brokers to set their own commission schedule for transactions with their customers, without the limitations of…