PSE mulls easier disclosure rules to boost IPO market

The Philippine Stock Exchange Inc. (PSE) is considering relaxing its disclosure rules this year to enhance the attractiveness of the country’s initial public offering (IPO) market, particularly for small and medium-sized enterprises (SMEs).

- By RICHMOND MERCURIO

FINANCIAL LITERACY: The Philippine Stock Exchange Inc. echoed the call of the World Federation of Exchanges for investor education and protection through the Ring the Bell for Financial Literacy program. The annual bell ringing event is hosted by WFE in support of the Organization of Securities Commissions World Investor Week initiative. In photo (from left) are PSE general counsel Veronica Del Rosario, PSE COO Roel Refran, Securities and Exchange Commission chairman Francis Lim, PSE president and CEO Ramon Monzon, PSE Issuer Regulation Division head Marigel Baniqued-Garcia and PSE Capital Market Development Division head Mark Frederick Visda.

PSE president and CEO Ramon Monzon told The STAR the exchange is currently studying potential amendments to its disclosure rules, with the hope of encouraging more SMEs to list on the local bourse by next year.