Registration and Licensing

• Requirements for an Investment Company applying for incorporation with the SEC

  1. File documentary requirements for the registration of its Articles of Incorporation (AOI) and By-Laws (BL)

  2. File SEC ICA Form 7-A and pay the filing fee of P10,000.00 plus LRF
• Name of the corporation

  Shall contain the word "Fund"
• Primary purpose clause of the AOI

  Shall provide that the corporation shall engage in the business of investing, reinvesting or trading in securities or other investment assets allowed under the Act and this Rules
• Board of directors


  All members shall be Filipino citizens
• Minimum subscribed and paid-up capital

  • Fifty Million Pesos (P50,000,000.00)
  • The Commission may grant a request for a lower paid-in capital requirement if the Investment Company is one of or part of a group of investment companies to be created or already in existence to be managed or under management by the same Fund Manager with a track record of at least five years as such and provided that the subscribed and paid-up capital shall not be lower than One Million Pesos (P1,000,000.00)
• Shares


  • All shares shall be common and voting and, in general, redeemable in accordance with the terms and conditions prescribed and disclosed in the Registration Statement
  • For MFCs that will issue units, the unitholders shall have no voting rights but are entitled to be notified of any material change to the Registration Statement and the subscription agreement
• Original proponents of a newly formed Investment Company, which is not related to an existing fund or Fund Manager with a track record of at least five (5) years


  Shall not be allowed to sell, transfer, convey, encumber or otherwise dispose of their securities within twelve (12) months from the registration of the Investment Company
• An Investment Company shall not be required to comply with the minimum subscribed and paid-up capital relative to the increase in its authorized capital stock