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SEC proposes mandatory online filing for public offerings

Business World Philippines

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June 16, 2026

THE SECURITIES and Exchange Commission (SEC) is proposing to require companies seeking to raise capital through public offerings to submit registration applications through an online platform as part of its broader push to digitize regulatory processes.

- Alexandria Grace C. Magno

SEC proposes mandatory online filing for public offerings

Under a draft circular published on June 9, the SEC would mandate the use of the Online Application for Registration Statements (OARS), a web-based system that allows issuers to electronically file registration statements and other required documents.

The proposal is open for public comment until June 29 and is being released alongside user acceptance testing of the platform.

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