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MANILA, Philippines – The Securities and Exchange Commission (SEC) is seeking public feedback on a proposal that would require companies to file registration statements through a new online platform as part of its broader push to digitize regulatory processes and speed up approvals.
In a notice issued on June 9, the SEC said its Commission En Banc had approved for public exposure a draft memorandum circular mandating the use of the Online Application for Registration Statements (OARS).
READ:SEC cuts red tape for securities deals
Interested parties have until June 29 to submit comments and recommendations on the proposal.
