DragonFi Securities becomes the first stockbroker approved to manage retirement funds in the Philippines.

The Philippine Securities and Exchange Commission (SEC) has approved DragonFi Securities as the first stockbroker to manage Personal Equity and Retirement Accounts (PERA), a voluntary retirement fund. This expansion allows securities brokers, investment houses, and fund managers to join banks as administrators, aiming to increase public participation in the capital market. Accredited administrators must maintain a net worth of at least PHP 100 million and meet other regulatory requirements.

2 months ago
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