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MANILA, Philippines – The Securities and Exchange Commission (SEC) is reopening consultations on proposed online lending rules, signaling progress toward lifting its moratorium on new digital lender registrations.
In a notice issued on Tuesday, the SEC invited financing and lending companies, industry groups, and consumer advocates to comment on a revised circular establishing requirements for online lending platforms (OLPs).
READ: SEC wants to cede lending app oversight to BSP
The regulator said it substantially revised the proposal after reviewing feedback from various stakeholders during an earlier round of public consultations.
