The Philippine Securities and Exchange Commission formally launched its Securing & Expanding Capital in Real Estate Investment Transactions (SEC RENT) guidelines, encouraging real estate companies to tap the capital market by simplifying the registration of securities tied to rental pool arrangements. SEC RENT covers real estate companies that sell or offer investment contracts where buyers place units in a rental pool managed by the company or a third-party operator and receive profit shares under agreed terms. Under SEC RENT, the SEC Markets and Securities Regulation Department must complete its review of a covered company’s registration statement within 45 days from filing, in line with the Securities Regulation Code. Before filing with the MSRD, applicants must obtain pre-evaluation clearance through approvals from the SEC Company Registration and Monitoring Department, Corporate Governance and Finance Department, Enforcement and Investor Protection Department, Office of the General Counsel, and Office of the General Accountant, then submit the clearance alongside SEC RENT forms, a prospectus, and required exhibits for MSRD pre-processing. The launch, held in partnership with the Chamber of Real Estate & Builders’ Association, Inc., also highlighted other capital-raising channels, including securitized real estate offerings.
Philippine Securities and Exchange Commission 2025-05-29
Philippine Securities and Exchange Commission launches SEC RENT to streamline securities registration for rental pool real estate offerings
The Philippine Securities and Exchange Commission introduced the SEC RENT guidelines to simplify securities registration for real estate firms in rental pool arrangements. It mandates a 45-day review period for registration statements after pre-evaluation clearance. The launch, in collaboration with the Chamber of Real Estate & Builders’ Association, Inc., also highlighted alternative capital-raising channels like securitized real estate offerings.