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SECURITIES AND EXCHANGE COMMISSION SEC FORM 17C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported):
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Section 17C of the PSE refers to a specific provision that pertains to disclosure requirements for publicly listed companies on the Philippine Stock Exchange, typically focusing on related party transactions.
All publicly listed companies on the Philippine Stock Exchange are required to file Section 17C disclosures, particularly those that have transactions with related parties that fall under the specified criteria.
To fill out Section 17C, companies must provide detailed information regarding the related party transactions, including the nature of the relationship, transaction amounts, and how the transaction terms compare to market conditions.
The purpose of Section 17C is to promote transparency and protect the interests of investors by requiring the disclosure of significant transactions that may affect a company's financial standing and governance.
The information that must be reported includes the nature of the relationship between the parties, details of the transaction, amount involved, terms and conditions, and any potential conflicts of interest.
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