2023-11-14
The Securities and Exchange Commission issued Memorandum Circular No. 21, Series of 2023, which amends the SEC Memorandum Circular Series of 2014. This regulatory update establishes revised guidelines on asset valuations for issuers and listed companies. The circular was published in the Philippine Star and Manila Standard on November 16, 2023, following its filing with the UP Law Center on November 14, 2023.