News and Advisories

Kittelson & Carpo Consulting – News and Advisories

We provide weekly updates on the latest news that affect local and foreign companies doing business in the Philippines.

SEC Grace Period Loans

06 Oct: SEC Implements One-Time Grace Period for Payment of All Loans in the Philippines

The Securities and Exchange Commission (SEC), in a public notice dated September 21, 2020, has implemented a mandatory one-time 60-day grace period covering all existing, current, and outstanding loans as a relief to borrowers pursuant to Republic Act (RA) No. 11494, otherwise known as the Bayanihan to Recover As One Act.

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