What to know about SEC’s new beneficial ownership rulesMANILA, Philippines — The Securities and Exchange Commission (SEC) said it has issued a regulatory framework to improve the accuracy and timeliness of corporate beneficial ownership (BO) disclosures. “Strengthening transparency in beneficial ownership is a key regulatory reform to reduce the risk of corporate entities being misused for illicit activities,” SEC Chairperson Francis Lim said. The rules mandate a 20% reporting threshold for beneficial ownership, anchored in regulations issued by the Anti-Money Laundering Council. They also strengthen disclosure requirements by mandating nominee reporting and requiring timely notification of changes in beneficial ownership, according to the SEC. According to the SEC, the two corporations failed to disclose that Sarah Discaya was their beneficial owner, which violated SEC rules.

Source: Philippine Star December 24, 2025 05:16 UTC