Article
SEC Revises Recent Draft Circular On Online Lending Platforms; Issues A New Version
The Securities and Exchange Commission of the Philippines has issued a revised draft circular addressing the regulation of online lending platforms, introducing significant changes from its initial March 2026 proposal. The new guidelines aim to lift the existing moratorium on new online lending platforms while establishing comprehensive prudential, disclosure, and market conduct requirements for financing and lending companies operating in the digital space.
SyCip Salazar Hernandez & Gatmaitan