Tag: Blog
Securities and Exchange Commission (SEC) Memorandum Circular 37-2020: Regulatory Reliefs to Net worth, Investments and Government Period Requirements
SEC issued MC No. 37-2020 extending the regulatory reliefs to duly registered and licensed Financing and Lending Companies in accordance with R. A. 11494 (Bayanihan to Recover As One Act). The following are the regulatory reliefs available: 1. Relaxation of the required maintaining net worth of Financial Companies (FC) under Sec. 11 of Financing Company […]