BSP Relaxes KYC Requirements During Enhanced Community Quarantine
It will be the responsibility of the financial institution to obtain the required minimum information from the customer and perform due diligence.
It will be the responsibility of the financial institution to obtain the required minimum information from the customer and perform due diligence.
Despite the ongoing “enhanced community quarantine”, the Philippines’ Securities and Exchange Commission continues accepting corporation and partnership registrations.
MiPasa integrates data from different sources (for example, data from WHO and the US Center of Disease Control (CDC)) and reconcile them, allowing for data to match with each other and for the public to notice if there are discrepancies.
The organizers of Consensus 2020, one of the biggest events in the crypto industry decided to move the event online.
The market crash on March 13, 2020 coincided with the same thing happening in traditional markets.
The Securities Clearing Corporation of the Philippines (SCCP) will operate with a skeletal workforce to facilitate clearing and settlement.
The guidelines are in line with the declaration of a state of public health emergency in the Philippines.
March 18, 2020 – The Securities and Exchange Commission (SEC) Main Office and Extension/Satellite Offices in Luzon are closed until further notice. This is in line with the imposed Enhanced Community Quarantine and Stringent Distancing Measures over Luzon, which took into effect at 12:00 am on March 17, 2020 until 12:00 am April 13, 2020….
Under the Enhanced Community Quarantine, mass transportation is suspended, including trains, jeepneys, buses, taxis, etc. Everyone must stay at home and must leave the house only to buy food, medicine, and other necessities.
SEC said the report must contain all measures they have undertaken or will undertake when it comes to the mitigation of the risks and impact of the COVID-19 outbreak.