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SEC LAUNCHES FLARE PORTAL FOR FINANCING AND LENDING COMPANIES

The Securities and Exchange Commission (SEC), through its Notice dated 05 November 2026, announced the launch of the Financing and Lending Administration and Regulatory Ecosystem (SEC FLARE) Portal, accessible at https://flare.sec.gov.ph/. Effective 05 November 2026, SEC FLARE serves as the centralized electronic registry and exclusive electronic filing facility for financing companies (FCs) and lending companies (LCs) to disclose …

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DOLE Eases AEP Requirements to Simplify Foreign Employment

Simplifying government frontline services and eliminating unnecessary administrative hurdles in public services remain central priorities of Philippine labor administration. In alignment with the mandate under the Anti-Red Tape Act of 2007 (Republic Act No. 9485), as amended by the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 (Republic Act No. 11032), …

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From Paper to Digital: SEC Now Accepts Electronically Notarized Documents

The Supreme Court of the Philippines (SC) and the Securities and Exchange Commission (SEC) have jointly promulgated Joint Memorandum Circular (JMC) No. 1, Series of 2026, dated 13 October 2026, establishing a comprehensive framework for the acceptance, verification, and processing of electronically notarized documents across SEC systems and transactions. The Joint Circular standardizes the operationalization …

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Easing the Burden on Filipino Spouses: Supreme Court Amends Rules on the Recognition of Foreign Divorces

Recognizing the significant procedural hurdles faced by Filipino spouses—particularly Overseas Filipino Workers (OFWs)—in seeking judicial recognition of foreign divorces, the Supreme Court En Banc has introduced key amendments to the Rules of Court. In its session on October 7, 2026, the Court approved measures that streamline evidentiary requirements while upholding the legal framework governing family relations …

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RMC No. 38-2026: ISSUANCE AND POSTING OF THE BIR REGISTRATION SEAL BADGE ON ONLINE PLATFORMS

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 38-2026 dated 29 April 2026 to prescribe the issuance and posting of the BIR Registration Seal Badge on online websites, e-commerce or e-marketplace seller or merchant pages, mobile applications, social media business pages, and other digital platforms. The Circular also announces the …

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BANKING LAW UPDATE: – PRUDENTIAL REQUIREMENTS FOR TECHNOLOGY-DRIVEN THRIFT, RURAL, AND COOPERATIVE BANKS

The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1240, Series of 2026, following Monetary Board Resolution No. 838 dated 3 September 2026. The Circular adopts prudential requirements applicable to technology-driven thrift, rural, and cooperative banks (TBs, RBs, and Coop Banks) to support prudent digital transformation while ensuring that bank operations remain strictly aligned with …

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RMC No. 98-2026: POLICIES AND GUIDELINES ON THE ISSUANCE OF ELECTRONIC INVOICES 

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 98-2026 dated 22 September 2026, to prescribe clear policies and guidelines on the issuance of electronic invoices. Issued pursuant to Section 237 of the National Internal Revenue Code (Tax Code), as amended, and implementing Revenue Regulations (RR) No. 8-2022 and RR No. 11-2025, as …

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SEC Tightens Accreditation Guidelines for Auditing Firms and External Auditors

The Securities and Exchange Commission (SEC) has issued Memorandum Circular No. 26, Series of 2026, amending the accreditation framework for auditing firms and external auditors of SEC-regulated entities and other covered corporations. The amendments strengthen accreditation requirements, expand coverage to certain corporations with government contracts, impose stricter audit-quality standards, and clarify the grounds for conditional …

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DIGITAL TRANSFORMATION IN CORPORATE COMPLIANCE: IMPLEMENTING PAPERLESS FILING UNDER SEC MEMORANDUM CIRCULAR NO. 21 SERIES OF 2026

DIGITAL TRANSFORMATION IN CORPORATE COMPLIANCE: IMPLEMENTING PAPERLESS FILING UNDER SEC MEMORANDUM CIRCULAR NO. 21 SERIES OF 2026 Digital transformation in corporate compliance has reached a significant milestone in the Philippines as regulatory processes transition from traditional paper-based submissions to automated, digital-first frameworks. Recognizing the need to enhance administrative efficiency, promote environmental sustainability, and further the …

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SEC Moves Toward Paperless Capital Markets Through Mandatory OARS Filing

In alignment with the Philippine Development Plan (PDP) 2023–2028 and Republic Act No. 11032 (Ease of Doing Business and Efficient Government Service Delivery Act of 2018), the Securities and Exchange Commission (“SEC”) has issued Memorandum Circular No. 24, Series of 2026 (“MC No. 24”), which mandates the use of the Online Application for Registration Statements (“OARS”). OARS …

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