PHILIPPINES: PSE Announces Amendments to Revised Trading Rules

Wednesday August 20 2025

On 20^th August 2025, the Philippines Stock Exchange (PSE) announced that the Securities and Exchange Commission (SEC) has approved the following amendments:

1. Amendments to Section 2(a), Article VIII of the PSE Revised Trading Rules (Market Halt or Suspension of Trading Activity)

The trigger for market-wide halt is changed from inability of at least 1/3 of the TPs to access the trading system to inability of TPs accounting for more than fifty percent (50%) of the average daily trading value (exclusive of block sales) for the six (6) calendar months preceding the date of determination to access the trading system, directly or through their correspondent TP, due solely to (i) trading system problems attributable to Exchange system issues, or (ii) natural disasters or unforeseen and unavoidable events beyond the control of PSE or TPs.

All trading participants (TP) are required to have a Correspondent TP as a business continuity requirement.

2. The new Guidelines on Natural Disasters or Extraordinary Circumstances The new guidelines give the Exchange the discretion to halt, suspend or cancel a scheduled Trading Day in the event of natural disasters or extraordinary circumstances and the Exchange is unable to implement its Business Continuity Plan.
3. Amendments to Part XXI of the Implementing Guidelines of the Revised Trading Rules (Designation of a Correspondent TP) Part XXI, as amended

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