The SEC of the Philippines is issuing new instructions under MC No. 11, which enhances compliance with RegTech and eases the process of securities exemption to facilitate capital market development.

The Philippines Securities and Exchange Commission (SEC) has come up with new guidelines to increase clarity and efficiency for companies entering the regulations of the securities market. Following the rules, published on September 9 under Memorandum Circular (MC) No. 11, series of 2025 streamline the deals not to be registered under the registration of securities provisions of the Securities Regulation Code (SRC).

Chairperson of SEC, Francis Lim, affirmed that the program aims to eliminate regulatory points and make more companies open up to the capital market. The circular addresses a more transparent system, which is diminishing over time; it is very likely that offering similar assumptions will ensure that the key components of regulatory compliance originate from the solutions developed with RegTech.

Actions falling under section 10.1 in the new rules will no longer need to see filings of notices or payment of fees. Nevertheless, those issuers who would like to receive the official confirmation still have to make applications and pay the relevant fees. In the case of exemptions in section 10.2, the application process is obligatory.

The circular replaces the ailing MC No. 9 of 2008 as well as modifies inconsistent regulations. RegTech is mentioned by industry experts as a key focus of these reforms to ease compliance, decrease delays, and lower costs on the part of companies.

The recent development by the Philippines is an indication of the commitment to promoting innovation and enhancing compliance standards as the global financial watchdogs around the world consider RegTech as a way of modernizing financial regulation.