The regulator opens doors to structured warrants, expanding the range of investment products available to investors in the country.
The Securities and Exchange Commission (SEC) of the Philippines has rolled out a memorandum circular establishing a regulatory framework for the registration and trading of structured warrants, a new segment of the country's capital markets. The regulator has proposed limits on issuance size, with total structured warrants tied to a listed company capped at 50% of its outstanding shares The memorandum circular 27, series of 2026, released on 23 September, sets out rules covering the issuance