Philippine Standard Time
Sunday, January 26, 2020 7:56 AM

Philippine Standard Time
Sunday, January 26, 2020 7:56 AM

Regulatory Agencies | Securities and Exchange Commission

Securities and Exchange Commission

The SEC is the agency responsible for maintaining the company register and regulating the securities industry in the Philippines.

MANDATE

The Securities and Exchange Commission (SEC) or the Commission is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, the securities and investment instruments market, and the investing public. Created on October 26, 1936 by Commonwealth Act (CA) 83 also known as The Securities Act, the Commission was tasked to regulate the sale and registration of securities, exchanges, brokers, dealers and salesmen. Subsequent laws were enacted to encourage investments and more active public participation in the affairs of private corporations and enterprises, and to broaden the Commission’s mandates. Recently enacted laws gave greater focus on the Commission’s role to develop and regulate the corporate and capital market toward good corporate governance, protection of investors, widest participation of ownership and democratization of wealth.

SEC is the registrar and overseer of the Philippine corporate sector; it supervises more than 500,000 active corporations and evaluates the financial statements (FS) filed by all corporations registered with it. SEC also develops and regulates the capital market, a crucial component of the Philippine financial system and economy. As it carries out its mandate, SEC contributes significantly to government revenues.

With the growing number of corporations and other forms of associations that SEC supervises and monitors, and given the evolving nature of transactions where the corporate vehicle is being used to defraud the investing public, as well as the ever dynamic character of the capital market, SEC must progressively perform its critical role as the prudent registrar and supervisor of the corporate sector and the independent guardian of the capital market.

MISSION

We develop and regulate the capital market and company registration; promote good corporate governance; empower investors, corporators, and entrepreneurs; and facilitate access to financial products and resources.

VISION

By 2022, SEC is the champion of investor protection; the judicious administrator of an automated, reliable and secured company registration and information systems; and the progressive overseer of a robust and inclusive capital market in the ASEAN and Asia-Pacific Region.

CONTACT INFORMATION

Address:

Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City, Metro Manila

Telephone No. +632-818-0921

SEC Call Center

Website: http://www.sec.gov.ph

 

Last updated on 06/11/2018