Regulatory Alerts2025-09-12
SEC MC No. 11, Series of 2025: Guidelines on Exempt Transactions Under Section 10 of the Securities Regulation Code
The Securities and Exchange Commission issued Memorandum Circular No. 11, Series of 2025, to provide further guidelines on exempt transactions under Section 10 of the Securities Regulation Code. The regulation amends Rule 10 of the 2015 Implementing Rules and Regulations to standardize application procedures and documentary requirements for optional confirmation of exempt transactions. It specifically details the filing processes, fees, and necessary certifications for stock option plans and other exempt offerings to ensure investor protection and public interest compliance.
Share