Regulatory Alerts2025-06-25
Circular on Review and Processing of Applications for Commercial Papers
The Securities and Exchange Commission mandates that all capital market stakeholders file commercial paper applications for prior review and approval via its designated e-portal. This requirement, established under the December 23, 2024 issuance rules, officially takes effect on July 1, 2025. Issuers must utilize the online system to secure regulatory clearance before proceeding with commercial paper offerings.
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