SBL and DOSRI Limits for Lending Companies

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SEC MEMORANDUM CIRCULAR NO. 7, S. 2013: SBL and DOSRI Limits for Lending Companies

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Title Source: Supreme Court: SBL and DOSRI Limits for Lending Companies

Law: Sec Memorandum Circular No. 7, S. 2013

Decision Date: Apr 8, 2013

The Securities and Exchange Commission in the Philippines approves an amendment to the Implementing Rules and Regulations of the Lending Company Act of 2007, introducing new requirements for lending companies to comply with, including the Single Borrower Limit and credit limit on directors, officers, stockholders, and related interests, with penalties for violations.

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