SEC

The SEC has approved the guidelines allowing participation in corporate meetings through teleconferencing, video conferencing and other remote or electronic means of communications amid the Covid-19 lockdown.

The SEC said it will issue a memorandum circular to provide guidelines on the attendance and participation of directors, trustees, stockholders, members and other officers of corporations in regular and special meetings through remote communication.

There’s scarce information about the company but TogaChat is said to be a developer of a social media app which it is using to engage with the public.

The Securities and Exchange Commission (SEC) has ordered three firms -- Peso Tree, Pesoalo, and Pinoy Cash Loan -- to stop offering loans to the public through their online platforms because they lacked the necessary licenses.

The SEC found that the online lending operators were not issued the necessary certificates of authority to operate as lending companies nor had pending applications for such.

The SEC also gave the go-signal for the reduction in its authorized capital via a lowering of the par value per share.

With Bloomberg's repo platform in place, repo counterparties now have a standardized calculation and communication platform with complete transparency of collateral details.