Philippine SEC Sets 150 Million Peso Capital Floor for Market Makers

The Philippine Securities and Exchange Commission (SEC) has set a 150 million peso capital floor for eligible market makers, establishing requirements for firms that provide liquidity in listed stocks and corporate debt. The SEC adopted Memorandum Circular No. 28 on Oct. 15. It requires market makers to hold at least 150 million pesos in unimpaired paid-up capital, though a higher requirement may apply. Only trading participants accredited or recognized by an SEC-licensed exchange are eligible. Each firm must designate at least one specialist.

Source: TokenPost