$re = '/(, [A-Z])/';
$str = 'Non MMF investment funds, Insurance corporations, Assets (Net Acquisition of), Loans, Long-term original maturity (over 1 year or no stated maturity)
Non financial corporations, Financial corporations other than MFIs, insurance corporations, pension funds and non-MMF investment funds, Assets (Net Acquisition of), Loans, Short-term original maturity (up to 1 year)';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php