Proposed Amendments to SRC Rule 39.1.4.1

August 18, 2023 SEC MSRD NOTICE The Commission hereby requests all interested parties to comment on the attached "Proposed Amendments to SRC Rule 39.1.4.1" particularly on Rules Governing Registrars of Qualified Institutional and Individual Buyers. The provisions subject of the amendments are underlined and in bold font. HTcADC Kindly address your comments to Director Vicente Graciano P. Felizmenio, Jr. , SEC-Markets and Securities Regulation Department (MSRD), SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City. You may also email your comments to [emailprotected] and [emailprotected] not later than 24 August 2023 . Issued on August 18, 2023. ATTACHMENT SEC MEMORANDUM CIRCULAR NO. ___ Series of 2023 TO : ALL CONCERNED SUBJECT : PROPOSED AMENDMENTS TO SECTION 39.1.4.1 OF THE IMPLEMENTING RULES AND REGULATIONS OF THE SECURITIES REGULATION CODE In view of Memorandum Circular No. 14, series of 2019, entitled Rules and Regulations Governing Crowdfunding, Section 39.1.4.1 of the Implementing Rules and Regulations of the Securities Regulation Code is hereby amended as follows: 39.1.4. Rules G overnin g Registrars of Qualified Institutional and Individual Buyers 39.1.4.1. Authorized Registrars The following entities which have been granted the appropriate secondary license by the Commission may be authorized to act as Registrar upon proper application and compliance with registration requirements under these rules: 39.1.4.1.1. Banks with respect to their registration as broker-dealer, Government Securities Eligible Dealer, Government Securities Brokers and/or underwriter of securities; 39.1.4.1.2. Brokers; 39.1.4.1.3. Dealers; 39.1.4.1.4. Investment Houses; 39.1.4.1.5. Investment Company Advisers; and 39.1.4.1.6. Issuer companies with respect to offerings of their own securities; and 39.1.4.1.7 . Funding Portals registered under the SEC Crowdfunding Rules .