Regulatory Alerts2023-09-21
SEC Guidelines on Eligible Blue Projects and Activities for the Issuance of Blue Bonds in the Philippines
The Securities and Exchange Commission of the Philippines issued these guidelines to regulate the issuance of Blue Bonds, defining eligible projects and activities that support sustainable water management and ocean protection. The document mandates compliance with ASEAN Green Bond Standards and specifies eligible categories such as ecosystem restoration, sustainable fisheries, and wastewater management while excluding fossil fuel projects. Issuers are required to report on quantitative performance measures and are strongly encouraged to engage external review providers to verify the use of proceeds.
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