SEC Requests for Comments on Proposed Registration Statement Form for Agri-Based Companies Seeking to Register and Offer Securities to the Public
The Securities and Exchange Commission (SEC) posted a notice on May 26, 2023, seeking views, comments, and inputs for the draft of the SEC Memorandum Circular on SEC FARMS (Securing & Expanding Capital for Farms & Agribusiness Related Modernization Schemes).
As provided in the attached draft, the SEC FARMS acknowledges that the expansion of the agricultural industry is pertinent to meeting the Philippine Development Plan 2023-2028 objectives of reinvigorating job creation and accelerating poverty reduction. Thus, modernizing agriculture and agri-business is necessary.
The notice and the draft may be read here.