SEC eyes new derivative market with structured warrant rules

MANILA, Philippines — The Securities and Exchange Commission (SEC) is proposing a regulatory framework to govern the registration and trading of structured warrants, a new derivative product in the Philippine capital market. In a draft memorandum circular released for public comment, the regulator said the move aims to broaden investment options, deepen market liquidity and align local practices with global standards. Structured warrants are financial instruments issued by third-party institutions that give holders the right—but not the obligation—to buy or sell an underlying asset at a predetermined price within a specified period. Under the draft rules, only licensed broker-dealers and investment […]... Keep on reading: SEC eyes new derivative market with structured warrant rules

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