Business & Finance
Philippine Corporate Regulator Targets Stock Brokers in Next Reform Push
Key Points
Philippine Regulator Targets Stock Brokers in Next Reform Push The Philippines’ corporate regulator is looking to increase the minimum capital requirement for stock brokers as it forges ahead with reforms despite pushback from some market participants. The Securities and Exchange Commission may increase the capital requirement for stock brokers to more than 100 million pesos ($1.6 million), an amount set 25 years ago, Chairman Francis Lim said in a briefing on Monday.
Philippine Regulator Targets Stock Brokers in Next Reform Push
The Philippines’ corporate regulator is looking to increase the minimum capital requirement for stock brokers as it forges ahead with reforms despite pushback from some market participants.
The Securities and Exchange Commission may increase the capital requirement for stock brokers to more than 100 million pesos ($1.6 million), an amount set 25 years ago, Chairman Francis Lim said in a briefing on Monday.