THE Securities and Exchange Commission (SEC) confirmed it will implement an increase in registration fees and other charges but did not say when exactly it will take effect.
A SEC official said it has secured clearances, including approval of the Anti-Red Tape Authority, on the regulatory impact of the hikes.
“What’s more important… is there will be a reasonable transition [period],” SEC Commissioner McJill Bryant Fernandez told reporters at a recent Philippine Business Coalition for Women Empowerment event.
The government regulatory agency last updated its schedule of fees and charges in 2017.
In August 2023, it issued a proposed list of new rates to seek comments and suggestions from its stakeholders. The proposed hike, however, was opposed by business groups including the Philippine Chamber of Commerce and Industry and the Management Association of the Philippines.
The SEC then held meetings with the concerned groups to thresh out the issues.
One of the issues raised was when the hike would take effect and whether inflationary factors were considered.
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