About this document
Financing Company Capital Requirements by GeePas is a document available to read on EtoBox.
Under the regulations, financing companies are required to maintain minimum capital amounts ranging from P10 million to P2.5 million depending on their location. They must also allocate additional capital for each branch, from P1 million to P250,000. The SEC announced regulatory reliefs for financing and lending companies to help them manage the impacts of COVID-19, including lower required investment in financing activities and relaxed timing for commencing operations.
- Author
- GeePas
- Language
- EN