THE SECURITIES and Exchange Commission (SEC) said the proposed hike in its fees would push through after clearing the regulatory impact assessment of the Anti-Red Tape Authority (ARTA).
“We’ve already secured the ARTA’s no objection, basically saying that it’s within our authority. We will ensure that there will be a reasonable transition before any hike is implemented,” SEC Commissioner McJill Bryant T. Fernandez told reporters in Makati City last week.
“It’s now all about timing because we have secured the necessary clearances, even the ARTA, after submitting our regulatory impact assessment. From our end, in terms of clearances from higher-ups, we’ve done it already,” he added.
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