The Securities and Exchange Commission (SEC) said it will pursue additional capital market and ease-of-doing-business reforms following the World Bank’s reclassification of the Philippines as an upper-middle income economy, as reported by BusinessWorld.
Among the planned reforms are new rules on market making and changes to the public offering framework for debt securities. The corporate regulator aims to further streamline processes to attract more investments and enhance market liquidity.
The SEC’s initiatives align with the government’s broader efforts to boost the capital market and improve the ease of doing business, capitalizing on the country’s upgraded economic status to sustain growth and development.