Practice question
A natural person meets registration, experience and all other applicable requirements. The person has PHP10 million qualifying portfolio investments composed of securities exempt from SRC registration and no other financial alternative is invoked. Under MC15 s2026, may those exempt securities count toward the portfolio threshold?
- Yes; the amended rule includes securities exempt from SRC registration
- No; only registered securities may count under the amended text
- No; exempt securities are legally nonexistent
- Yes; and financial capacity automatically removes every other requirement
- No; every government or exempt instrument is necessarily excluded
Legal references
- SEC MC15 s2026, signed May13 2026, published May15 2026, amending SRC Rule10.1.5: https://www.sec.gov.ph/mc-2026/sec-mc-no-15-series-of-2026/ ; reproduced primary circular text: https://regalert.today/document/sec-mc-no-15-series-of-2026-further-amendments-to-rule-10-1-5-on-qualified-buyer-4cf3433b-b29f-4d35-90b6-eb3b0b48e5c8 Rule10.1.5.1.1 and accompanying amendment rationale.
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