Regulatory Alerts2018-07-18
SEC Memorandum Circular No. 9 Series of 2018 – Amendment of Guidelines on Corporate and Partnership Names
The Securities and Exchange Commission of the Philippines amended its consolidated guidelines to prevent the formation of bogus organizations misrepresenting themselves as affiliates of international governmental bodies. The amendment introduces a new provision prohibiting the use of names such as INTERPOL, IMF, or ILO in corporate or partnership registrations unless explicitly authorized by the Commission. This memorandum circular took effect immediately upon issuance on July 18, 2018.
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