Easing of stock market listing rules approved

The Securities and Exchange Commission has approved a new listing framework submitted by the Philippine Stock Exchange (PSE) to ease some requirements as a way to entice more firms to go public.

In a forum with the Financial Executives Institute of the Philippines on Wednesday, SEC Chair Emilio Aquino said the SEC had approved the PSE’s amended listing rules as one of the measures to benchmark corporate regulations with Asean-6, referring to the six biggest economies in the Association of Southeast Asian Nations: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Aquino said the new framework would address constraints on the listing of companies, particularly small and medium enterprises (SMEs).

“We did check the practices of Bursa Malaysia, SGX (Singapore Exchange) and the stock exchange of Thailand just to…