Resumen de Philippines: : New securities regulations
The article reports on the 2015 Implementing Rules and Regulations of the Securities Regulation Code that became effective on November 9, 2015. Topics mentioned include restriction on the private placement exemption, the term of shelf-registration of securities, and the extension of the age requirement for financial statements used for public offers from 135 days to 180 days approved by the U.S. Securities and Exchange Commission.
