Philippine Bar review · Question

Practice question: Exempt Securities and Exempt Transactions

Multiple Choice Easy

Practice question

Under SEC MC15 s2026 Rule10.1.5.2, the stated financial alternatives for the juridical-person category are what amounts?
  1. At least PHP100 million gross assets or at least PHP60 million qualifying portfolio investments
  2. PHP100 gross assets or PHP60 portfolio investments
  3. Any positive bank balance with no qualification
  4. Exactly PHP1 billion in cash only
  5. No financial-capacity condition

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 Rule10.1.5.2.

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