SEC approves CMIC short-selling guidelines

THE Securities and Exchange Commission (SEC) is expecting more activities in the local bourse following the approval of the implementing guidelines on securities borrowing and lending (SBL) and short-selling.

In a statement on Thursday, the regulator said that it had green lighted the said guidelines crafted by the Capital Markets Integrity Corp. (CMIC) on Dec. 17, 2019, but were still subject to adoption of SEC amendments.