Compliance

RA NO. 11647: A SEQUEL TO THE PHILIPPINES’ MOVE TO FURTHER EASE THE WAY FOR FOREIGN INVESTORS

31 March 2022 It seems the Philippine legislative and executive branches are on a roll in their mission to further attract foreign investments into the country to accelerate recovery of the economy which was drastically affected by the COVID19 pandemic. After the approval in December 2021 of Republic Act No. (“RA”) 11595 which simplified the …

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Interest Cap on Loans Offered by Lending and Financing Companies

On 01 March 2022, the Securities and Exchange Commission (SEC) issued Memorandum Circular No. 3, series of 2022 on the implementation of the ceiling on interest rates and other fees charged by Lending Companies (LCs), Financing Companies (FCs) and their Online Lending Platforms. In a nutshell, this circular puts a cap on the interests and …

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