By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines – The Philippine Stock Exchange (PSE) has released the second draft of its proposed revisions to the amended rule on minimum public ownership (MPO), incorporating changes sought by the Securities and Exchange Commission (SEC) while inviting fresh comments from market participants.
In a consultation paper dated July 16, the exchange said stakeholders have until July 21 to submit comments on the additional revisions, which are limited to amendments proposed by the SEC after it reviewed the first exposure draft published in May.
READ: PSE eyes relaxed IPO float rules to attract big listings
One of the key changes in the second draft clarifies that companies granted a lower minimum initial public ownership requirement must continue maintaining at least that same approved level after listing.
