SEC lists new eligible PERA investments


The Securities and Exchange Commission (SEC) has published a list of stocks, bonds, funds and other securities in which people can invest their personal equity and retirement account (PERA) funds.

In an email shared with the Manila Times, the SEC said it last August 11 issued Memorandum Circular 7, Series of 2022, based on Republic Act (RA) 9505, or PERA of 2008”, which describes the rules on qualified and/or investment products eligible for PERA and its implementing rules and regulations.

The new guidelines identify securities registered under the requirements of RA 8799, or the Securities Regulation Code and RA 2629, or the Investment Company Act that are deemed to be eligible PERA investment products.

These include newly created mutual funds, any sub-fund of an umbrella fund, and exchange-traded funds whose fund managers have a history of managing and operating a registered mutual fund. which has been made available to the general public within the last five years prior to application.

The acronym PERA must appear in the name of the newly created mutual fund, the SEC added.

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Equity securities included in the Philippine Stock Exchange (PSE) index may be classified as eligible PERA investment products, provided the PSE certifies to the SEC that the equity securities qualify as non-speculative, easily tradable and with a history of regularly paying out income to investors.

The commission will publish on its website the PSE-certified list of securities eligible for the PERA that make up the PSE index.

As additional investment items eligible for PERA, the guidelines list government assets, securities issued by the Bangko Sentral ng Pilipinas (BSP) and corporate bonds issued by banks in accordance with BSP requirements.

If the PSE certifies to the SEC that the equity securities meet the criteria of being non-speculative, readily tradable, and with a history of regularly paying income to investors, the equity securities included in the PSE Index may be classified as PERA investment professionals.


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