The Securities and Exchange Commission has allowed the disclosure and recording of new online lending platforms (OLPs) to be owned, operated, controlled, or utilized by financing companies and lending companies starting August 1, 2026, and effectively lifted the moratorium on OLPs.

 

The lifting of the moratorium shall not be construed as an automatic or unconditional approval of any OLP.

 

All financing and lending companies, whether existing or newly incorporated, shall remain subject to regulatory requirements, including minimum paid-up capital.

 

The following are the minimum paid-up capital requirements:

·      Financing companies— Php15,000,000.00

·      Lending companies— Php5,000,000.00

 

Where financing companies and lending companies seek to own, operate, control, or utilize one or more OLPs, they shall possess and maintain paid-up capital commensurate with the scale, complexity, and risk of its digital lending operations.

 

The foregoing shall be without prejudice to compliance with any higher or additional capitalization requirements imposed under applicable laws, rules, or regulations, including, where applicable, the Foreign Investments Act, as amended.

 

NARP LAW assists fintech, lending, and financing companies in navigating regulatory requirements and structuring their operations for compliance and growth.

 

For more information, you may contact us at info@narplaw.com or at +639063731095.