SEC retains lower fees for MSMEs

The Securities and Exchange Commission (SEC) has retained the discounted rates provided on certain transactions for micro, small and medium enterprises (MSMEBs) in line with its commitment to the growth of small businesses.

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To further support the expansion of MSMEs, the commission has decided to extend the discount structures for MSMEs for certain filing fees as provided under memorandum circular 8, Series of 2025 which was issued in July last year.

MSMESs that seek to register as a corporation were given a 20 percent discount on registration fees until the end of 2025.

This discount has now been extended until March 31, 2026.

The SEC has also provided a 50 percent discount for the registration of securities for MSMEs who will tap the capital market to further reduce friction costs associated with going public.