Regulatory Alerts2026-08-26
Added
SEC MC No. 24, series of 2026 — MANDATORY USE OF THE ONLINE APPLICATION FOR REGISTRATION STATEMENTS (OARS)
Corporations must commence applications for registration statements through the Online Application for Registration Statements (OARS) platform for Direct Public Offerings, Shelf Registration, Follow-On-Offerings, and Initial Public Offerings, excluding issuances of debt securities. Applications submitted through the system shall be processed within forty days upon payment of the initial assessment fee, and access requires creating a credentialed eSECURE account. The provisions take effect immediately after publication in two newspapers of general circulation in the Philippines, applying to newly initiated applications while existing and pending applications continue to be processed in accordance with SEC MC No. 9, series of 2025.
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