Veteran PSE directors take SEC term rule to court

Facade of the Court of Appeals. INQUIRER PHOTO / RAFFY LERMA

MANILA, Philippines — Two longtime Philippine Stock Exchange (PSE) directors have asked the Court of Appeals to strike down a Securities and Exchange Commission (SEC) rule that limits the tenure of broker-directors.

Eddie T. Gobing and Ma. Vivian Yuchengco filed a petition for certiorari and prohibition challenging SEC Memorandum Circular No. 17, series of 2026.

READ: It’s official: SEC imposes 10-year term cap on broker directors

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Veteran PSE directors take SEC term rule to court

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