Regulatory Alerts2026-06-17
SEC Memorandum Circular No. 19, Series of 2026: Extension of Discounted Fees for MSME Securities Registration
The Securities and Exchange Commission extends discounted filing fees for the registration of securities to qualified Micro, Small, and Medium Enterprises (MSMEs) until December 31, 2026. Applicants must meet specific asset size thresholds defined under Republic Act No. 9501 and submit a Certification of MSME Qualification, with a general paid-up capital requirement of PHP 25 million. This measure aims to reduce regulatory costs and encourage capital formation among MSMEs across various sectors including power generation, real estate, and agribusiness.
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