The Securities and Exchange Commission (SEC) is reinforcing its commitment to a 45-day processing window for initial public offerings (IPOs) to enhance the national capital market. SEC Commissioner Kelvin Lester K. Lee, in a recent media session in Makati City, noted that the prior average exceeded the 45-day standard due to extensive document exchanges, elongating IPO processes. Lee emphasised the importance of streamlining and accelerating this process. The SEC’s announcement on adhering strictly to the 45-day rule aims to provide clarity and assurance to the public, signaling a more efficient capital market framework. This decision comes after the SEC’s August 24 adoption of the improved registration statement processing procedure.
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