Regulatory Alerts2023-09-06
SEC MC No. 12, Series of 2023: Amendments to Section 39.1.4.1 of the IRR of the Securities Regulation Code
The Securities and Exchange Commission issued Memorandum Circular No. 12, Series of 2023, to amend Section 39.1.4.1 of the Implementing Rules and Regulations of the Securities Regulation Code. This amendment updates the list of entities authorized to act as Registrars of Qualified Institutional and Individual Buyers by explicitly including Funding Portals registered under SEC Crowdfunding Rules. The change aligns the registrar eligibility criteria with the provisions established in Memorandum Circular No. 14, Series of 2019, regarding crowdfunding regulations.
Share