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MANILA, Philippines – The Securities and Exchange Commission (SEC) has streamlined the approval process for securities borrowing and lending transactions, a move aimed at making the country’s short-selling market more efficient while reducing compliance costs for market participants.

In a recent resolution, the SEC approved the 2026 Revised Guidelines for Master Securities Lending Agreements (MSLAs) and Accession Agreements to multilateral MSLAs proposed by the Philippine Stock Exchange (PSE).

READ: SEC eyes new derivative market with structured warrant rules

Under the revised framework, the PSE will become the sole reviewing and preclearing body for MSLAs and multilateral MSLAs.