The watchdog had earlier frozen Globalinks’ trading access on July 9 after it failed to meet minimum capital requirements for brokers, set at P30 million but soon to be raised to P100 million under new PSE rules.
CMIC said it decided to lift the penalty after validating new documents showing a fresh capital infusion and recalculated ratios proving the firm’s compliance with all capitalization requirements.
The regulator emphasized that Globalinks must continue following capital adequacy rules, warning that any future lapses will trigger disciplinary action.
—Edited by Miguel R. Camus
