The Securities and Exchange Commission (SEC) has notified all capital market stakeholders and prospective issuers that the submission and processing of applications for the issuance of Commercial Papers (CPs) would commence on July 1, 2025.
This development according to the SEC is in line with the “Rules on Issuance of Commercial Papers” issued on December 23, 2024.
“Accordingly, all applications for the issuance of commercial papers, are required to be filed with the Commission for prior review and approval through the Commission’s e-portal,” SEC said in June 25 notice.