SEC relaxes rules
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The Office of the Securities and Exchange Commission has relaxed the rules to assist listed and brokerage companies.
In a statement, it said brokerage companies can temporarily close its branches in flooded-areas withour prior approval from the office, as long as transaction orders can be rerouted to the headoffice.
Listed companies and securities issuers, unable to submit document like financial statements to the Office, are allowed to submit only the electronic version during the flooding period.
