Manila: The Securities and Exchange Commission (SEC) has revoked the corporate registration of Delisha Lending Investors and Trading Corp. for multiple violations of lending regulations and SEC rules.

According to Philippines News Agency,the SEC's Financing and Lending Companies Department discovered that the firm failed to comply with the implementing rules and regulations of Republic Act 9474, or the Lending Company Regulation Act, along with several other SEC issuances. Key violations included the firm's failure to submit essential reportorial requirements for several years. These included general information sheets, audited financial statements, special forms, and interim semi-annual financial statements.

The company was also found to have neglected the payment of annual fees required from lending firms from 2014 to 2025. Additionally, Delisha Lending failed to disclose the operation of several online lending platforms such as Peso Cow - Mabilis Pera Loan, Peso Cow, Bingo Peso: Philippine Cash Loan, and Kapit Cash - Online Quick Loan. These operations were conducted despite a moratorium on new and unrecorded online lending platforms.

Furthermore, the SEC highlighted Delisha Lending's failure to provide updated contact information and submit impact evaluation reports for 2023 and 2024, as well as its business plan for 2022. Seven officers and directors from the company were found liable for the violations and were ordered to pay administrative fines of PHP50,000 each.

The SEC's order emphasized that due to the multiplicity, duration, seriousness, and ongoing nature of the violations, along with the company's failure to respond to the Commission's notices and directives, revocation of its registration was both legally authorized and necessary. The order further noted that the violations were substantial, systemic, and deliberate, with no genuine effort at correction, only repeated default and regulatory defiance.