In his remarks at the Global Good Governance Summit, Secretary Go noted the SEC's swift response to integrating reforms necessary for advancing the nation's economic and investment agendas.
Notable reforms include the SEC’s issuance of Memorandum Circular Nos. 7 and 8, Series of 2024, which eliminate the minimum commission for stockbrokers and establish guidelines for cornerstone investors in initial public offerings, aimed at increasing retail investor participation.
The SEC also expedited the securities settlement cycle to T+2, reducing the waiting period and risk for trading participants.
Furthermore, the SEC has simplified registration processes for agribusinesses seeking to raise capital, aligning with President Ferdinand R. Marcos, Jr.'s agricultural priorities, thereby making funding more accessible to the agricultural sector.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
