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SEC Issues an Advisory Against Dealing with Non-Registered Foreign Entities
The Philippine Securities and Exchange Commission (SEC) issued an advisory cautioning the public when dealing or transacting with fintech companies that are not licensed or registered in the Philippines.
The Commission reiterated that an entity is required to register and obtain a primary registration with the SEC if they intend to
SEC Announces Migration of Applications for Registration and Licensing to eSPARC
The Philippine Securities and Exchange Commission (SEC) issued a notice stating that applications for the registration/licensing system of partnerships and foreign corporations will now be processed in the SEC Electronic Simplified Processing of Application for Registration of Company (eSPARC). Starting September 15, applications under the previous system will no longer
Apple Ordered to Allow Third-Party Payment Options
The outcome of the trial between Apple and Fortnite-maker Epic Games has come to the conclusion that Apple cannot stop developers from directing users to third-party payment options. In a win for developers, Judge Yvonne Gonzales-Rogers ruled that developers may inform consumers that there are cheaper purchase options away from
TikTok’s Algorithm Raises Concerns on Content Shown to Minors
In an investigation, the Wall Street Journal found that explicit content depicting alcohol consumption and drug use were accessible to the accounts of minors who comprise some of the biggest users of the app. The journal used automated accounts to understand the type of content that could be curated by
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