What is SEC? A Comprehensive Overview to the Securities and Exchange Commission

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The Securities and Exchange Commission (SEC) stands as a crucial arm of the Government of the Philippines.

Entrusted with the pivotal responsibilities of overseeing corporations, securities, and the entirety of capital market entities and participants within the country, the SEC holds a mandate that extends far beyond regulatory oversight.

At its core, the Commission is a staunch advocate for investor protection, championing the interests and rights of those engaged in the financial markets.

Positioned as an agency under the esteemed Department of Finance, the SEC’s headquarters resides at 7907 Makati Avenue, Barangay Bel-Air, Makati City.

Beyond its central hub, the SEC strategically operates through ten extension offices dispersed across key locations, including Baguio, Tarlac, Legazpi, Iloilo, Bacolod, Cebu, Tacloban, Cagayan de Oro, Davao, and Zamboanga.

This extensive network underscores the Commission’s commitment to extending its regulatory influence across diverse regions, ensuring uniform standards and investor safeguards throughout the archipelago.

As we delve deeper into this article, we will navigate through the rich history, crucial mandates, and multifaceted functions that define the Securities and Exchange Commission.

From its inception to its current role as a guardian of financial integrity, we will unravel the layers of the Securities and Exchange Commission impact on the Philippine economic landscape.

Moreover, for those eager to explore career opportunities, stay tuned as we unveil a comprehensive list of job openings within the Securities and Exchange Commission—your gateway to a meaningful and impactful career in the dynamic realm of financial regulation.

Keep scrolling to discover more about the SEC’s legacy, responsibilities, and the exciting prospects it offers to job seekers.

Job Opportunities:

Discover a range of career possibilities within the Securities and Exchange Commission of the Philippines. Explore different job opportunities essential to regulating and overseeing the financial sector in the country.

Begin your journey to advance your career by checking out the latest job openings listed below or in collaboration with related government agencies.

Each position offers a unique chance to contribute to the Securities and Exchange Commission crucial regulatory and supervisory functions.

Click on the job title to learn more about the role and find application instructions, bringing you one step closer to your next career opportunity.

Whether you’re an experienced professional in finance and securities seeking a new path or someone excited to make a positive impact in the dynamic field of financial regulation, Securities and Exchange Commission provides a platform for professional growth and making meaningful contributions.

Seize the opportunity today by exploring the different career possibilities with the Securities and Exchange Commission of the Philippines.

Your future in shaping the financial industry and regulatory landscape could be just a click away!

Securities and Exchange Commission History:

The Securities and Exchange Commission in the Philippines has a rich history dating back to its establishment on October 26, 1936, under Commonwealth Act No. 83, known as the Securities Act.

This move was prompted by the need to protect the public interest during a local stock market boom.

Notably, it closely followed the creation of the United States Securities and Exchange Commission by the United States Congress just two years prior.

Formally commencing operations on November 11, 1936, with Ricardo Nepumoceno as its inaugural commissioner, the Securities and Exchange Commission initially focused on tasks such as the registration of securities, analysis of registered securities, evaluation of financial conditions of security issuance applicants, screening of broker and dealer license applications, and supervision of stock and bond brokers and stock exchanges.

However, the Securities and Exchange Commission faced interruptions during the Japanese occupation of the Philippines, leading to its abolition and replacement with the Philippine Executive Commission.

It was later reactivated in 1947 with the restoration of the Commonwealth Government.

A significant reorganization occurred on September 29, 1975, under then-President Ferdinand E. Marcos. Presidential Decree No. 902-A granted the Securities and Exchange Commission absolute jurisdiction, supervision, and control over corporations, partnerships, or associations holding primary franchises and licenses issued by the government.

Further expansion came in 1981, when two additional commissioners and two departments, one for prosecution and enforcement and another for supervision and monitoring, were introduced.

In 2000, the Securities and Exchange Commission underwent another round of reorganization with the passage of Republic Act (RA) No. 8799, also known as the Securities Regulation Code.

This legislation emphasized the Commission’s role in developing the capital market, promoting good corporate governance, and enhancing investor protection.

Fast forward to 2019, President Rodrigo Roa Duterte signed Republic Act No. 11232, the Revised Corporation Code of the Philippines (RCC).

This revision, a significant milestone in the Securities and Exchange Commission history, aimed to boost the corporate sector by updating the almost four-decade-old Batas Pambansa Blg. 68.

The move was aligned with the president’s legislative priorities and the 10-point economic agenda, focusing on increasing economic competitiveness and improving the ease of doing business in the country.

Functions:

The Securities and Exchange Commission, as a pivotal regulatory body, plays a multifaceted role in overseeing and fostering a robust business environment.

One of its primary functions involves the registration and supervision of corporations, including financing and lending companies.

Simultaneously serving as a corporate registrar and securities regulator distinguishes the Securities and Exchange Commission globally, providing a comprehensive perspective on the business and investment landscape and facilitating a more coordinated regulatory environment.

In addition to its core responsibilities related to corporation and securities laws, the Securities and Exchange Commission assumes a pivotal position as a lead or support agency in the administration and enforcement of various associated laws. Notable legislations include:

POWER AND FUNCTIONS

“The Commission shall have the powers and functions provided by the Securities Regulation Code, Presidential Decree No. 902-A, as amended, the Corporation Code, the Investment Houses Law, the Financing Company Act, and other existing laws.

Under Section 5 of the Securities Regulation Code, Rep. Act. 8799, the Commission shall have, among others, the following powers and functions:

(a) Have jurisdiction and supervision over all corporations, partnerships or associations who are the grantees of primary franchises and/or a license or permit issued by the Government;

(b) Formulate policies and recommendations on issues concerning the securities market, advise Congress and other government agencies on all aspects of the securities market and propose legislation and amendments thereto;

(c) Approve, reject, suspend, revoke or require amendments to registration statements, and registration and licensing applications;

(d) Regulate, investigate or supervise the activities of persons to ensure compliance;

(e) Supervise, monitor, suspend or take over the activities of exchanges, clearing agencies and other SROs;

(f) Impose sanctions for the violation of laws and the rules, regulations and orders issued pursuant thereto;

(g) Prepare, approve, amend or repeal rules, regulations and orders, and issue opinions and provide guidance on and supervise compliance with such rules, regulations and orders;

(h) Enlist the aid and support of and/or deputize any and all enforcement agencies of the Government, civil or military as well as any private institution, corporation, firm, association or person in the implementation of its powers and functions under this Code;

(i) Issue cease and desist orders to prevent fraud or injury to the investing public;

(j) Punish for contempt of the Commission, both direct and indirect, in accordance with the pertinent provisions of and penalties prescribed by the Rules of Court;

(k) Compel the officers of any registered corporation or association to call meetings of stockholders or members thereof under its supervision;

(l) Issue subpoena duces tecum and summon witnesses to appear in any proceedings of the Commission and in appropriate cases, order the examination, search and seizure of all documents, papers, files and records, tax returns, and books of accounts of any entity or person under investigation as may be necessary for the proper disposition of the cases before it, subject to the provisions of existing laws;

(m) Suspend, or revoke, after proper notice and hearing the franchise or certificate of registration of corporations, partnerships or associations, upon any of the grounds provided by law; and

(n) Exercise such other powers as may be provided by law as well as those which may be implied from, or which are necessary or incidental to the carrying out of, the express powers granted the Commission to achieve the objectives and purposes of these laws.

Under Section 5.2 of the Securities Regulation Code, the Commission’s jurisdiction over all cases enumerated under Section 5 of PD 902-A has been transferred to the Courts of general jurisdiction or the appropriate Regional Trial Court.

The Commission shall retain jurisdiction over pending cases involving intra-corporate disputes submitted for final resolution which should be resolved within one (1) year from the enactment of the Code.

The Commission shall retain jurisdiction over pending suspension of payments/rehabilitation cases filed as of 30 June 2000 until finally disposed.

Considering that only Sections 2, 4, and 8 of PD 902-A, as amended, have been expressly repealed by the Securities Regulation Code, the Commission retains the powers enumerated in Section 6 of said Decree, unless these are inconsistent with any provision of the Code.

Mandates:

“The Securities and Exchange Commission or the Commission is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, and the securities and investment instruments market, and the protection of 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.

Securities and Exchange Commission is the registrar and overseer of the Philippine corporate sector; it supervises more than 600,000 active corporations and evaluates the financial statements (FS) filed by all corporations registered with it.

Securities and Exchange Commission also develops and regulates the capital market, a crucial component of the Philippine financial system and economy. As it carries out its mandate, Securities and Exchange Commission contributes significantly to government revenues.

With the growing number of corporations and other forms of associations that Securities and Exchange Commission 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, Securities and Exchange Commission must progressively perform its critical role as the prudent registrar and supervisor of the corporate sector and the independent guardian of the capital market.

Subsequent laws enacted to broaden the Commission’s mandates, powers, and functions were:”

“The Securities and Exchange Commission Reorganization Act or Presidential Decree (PD) 902-A in 1976, as subsequently amended by PDs 1653, 1758 and 1799 reorganized the Commission to give it ample powers to protect the public and their investments.

Under the Act, the Commission was reorganized into a collegial body; and was given additional powers and functions, including quasi-judicial powers over intra-corporate disputes as well as absolute jurisdiction, supervision and control over all corporations, partnerships or associations that are the grantees of primary franchise and/or a license or permit issued by the government to operate in the Philippines.

The Corporation Code of the Philippines (CCP) or the Batas Pambansa (BP) 68 in 1980 gave SEC the mandate to register corporations, collect fees from registering corporations, and prescribe reportorial requirements.

Along with the granting of authority to register corporations, it empowered SEC to reject articles of incorporation or disapprove any amendment thereto if the same is not in compliance with the requirements of BP 68.

The Code also required all registered corporations to submit to Securities and Exchange Commission an annual report of its operations, together with a financial statement of assets and liabilities, certified by an independent certified public accountant (CPA) in appropriate cases, and such other requirements as SEC may require within the prescribed period.

Likewise, it authorized Securities and Exchange Commission to promulgate rules and regulations reasonably necessary to enable it to perform its duties particularly in the prevention of fraud and abuses on the part of the controlling stockholders, members, directors, and trustees or officers of corporations.

The Revised Corporation Code (RCC) or RA 11232, signed into law by President Rodrigo R. Duterte on 20 February 2019 and took effect on 23 February 2019, amended the almost four-decade-old BP 68 and forms part of the present administration’s legislative priorities.

It aligns with the 10-point socio-economic agenda of the President, specifically in increasing the Philippine economy’s competitiveness and improving the ease of doing business in the country.

The RCC aims for a more competitive corporate sector, as it adopts international best practices and standards tailored to address the needs and realities of the Philippine corporate setting, and introduces new concepts and mechanisms to help the Philippines keep up with the changing times.

Among the notable amendments to the Corporation Code is the grant of a perpetual corporation term for existing and future corporations unless provided in their articles of incorporation.

The RCC also allows the formation of one-person corporation, a corporation with a single stockholder and without a minimum authorized capital stock required.

Another salient feature of the RCC is the provision for an emergency board when a vacancy in a corporation’s board of directors prevents the remaining directors from constituting a quorum and consequently from making emergency actions required to prevent grave, substantial and irreplaceable loss or damage.

The RCC also allows corporations to adopt alternative dispute resolution mechanisms for intra-corporate issues except those involving criminal offenses and interests of third parties.

As part of efforts to improve ease of doing business in the country, the RCC mandated the Commission to develop and implement an electronic filing and monitoring system.

The SEC is mandated to promulgate rules to facilitate and expedite, among others, corporate name reservation and registration, incorporation, submission of reports, notices, documents required under the Code, and sharing of pertinent information with other government agencies.

To ensure optimal stockholder participation, meanwhile, the RCC will allow the use of remote communication such as videoconferencing and teleconferencing during stockholder meetings.

Stockholders may also participate and vote in absentia.

The Revised Securities Act or BP 178 in 1982 repealed CA 83 in its entirety to give way to a new statute that would enable the SEC to keep pace with new and more complex securities instruments, trading vehicles and strategies.

BP 178 provided, among others, for a more sophisticated disclosure mechanism of securities to be offered to investors.

The Securities Regulation Code (SRC) or Republic Act (RA) 8799 in 2000 provided for the Securities and Exchange Commission reorganization to give greater focus on the Commission’s role in capital market development, fostering good corporate governance (CG) and enhancing investor protection.

The SRC also provided for the transfer of the Commission’s jurisdiction over all cases enumerated under Section 5 of PD 902-A to the Courts of general jurisdiction or the appropriate Regional Trial Court.

The SRC also defined in clear terms fraud and criminal offenses related to securities transactions, and strengthened SEC regulatory functions over all entities dealing in securities such as Self-Regulatory Organizations (SROs) or the Philippine Stock Exchange (PSE), Philippine Dealing and Exchange Corporation (PDEx) and Capital Market Integrity Corporation; as well as market professionals such as brokers and dealers, among others.

The SRC restated the requirements for the submission of an annual report by companies of their operations, together with FS, certified by an independent CPA, and such other requirements as SEC may deem necessary.

It also included provisions on internal record keeping and accounting controls to be complied with by companies.

The SRC Implementing Rules and Regulations (IRR), the latest amendment of which is known as the 2015 SRC Rules, took effect on November 9, 2015.

Section 68 of the SRC on special accounting rules reinforced the power of Securities and Exchange Commission (SEC) to make, amend and rescind such accounting rules and regulations as may be necessary to carry out the provisions of the SRC and those of the CCP relative to financial reporting.

It also includes rules and regulations governing registration statements and prospectuses for various classes of securities and issuers, and defining accounting, technical and trade terms used; the power to prescribe the form or details to be shown in the FS, and the methods to be followed in the preparation of accounts, appraisal or valuation of assets and liabilities, and other financial statement items, among others.

In line with this, Rule 68, the Special Accounting Rules was issued in 2001 as part of the SRC IRR. Rule 68 specifically provides for the general guides to FS preparation, responsibility to FS, qualifications and reports of independent auditors, additional requirements for independent auditors of SEC-regulated entities and other entities, independence of auditors, engagement of independent auditors, audit reports, including the accreditation of independent auditors as well as review of their quality assurance processes.

Rule 68 has undergone several amendments, the latest of which was in 2011; and is presently in the process of amendments to ensure reliability of the FS and the protection of investors.

Financial Reporting Bulletins (FRBs) are also issued by the Commission as needed to cover additional Financial Reporting Requirements.

Credit Information System Act (CISA) or RA 9510 in 2008 mandated the SEC to be the lead government agency to implement and enforce the said Act.

It designated the Chairman of the Securities and Exchange Commission to be the Chairman of the Board of Directors of the Credit Information Corporation (CIC), whose primary purpose is to receive and consolidate basic credit data; to act as a central registry or central repository of credit information; and, to provide access to reliable, standardized information on credit history and financial condition of borrowers.

Microfinance Nongovernment Organizations (NGOs) Act or RA 10693 in 2015 mandated Securities and Exchange Commission to establish an accrediting body to be known as the Microfinance NGO Regulatory Council which shall, among others, institute and operationalize a system of accreditation for Microfinance NGOs; issue certificate of accreditation as a Microfinance NGO upon determination that the criteria set for this purpose have been fully satisfied; and, monitor the performance of Microfinance NGOs to ensure continuing compliance with the provisions of the Act and its IRR.

The Chairman of Securities and Exchange Commission or designated representative shall serve as the Chairperson of the Council; and the Council shall be assisted by a secretariat to be lodged in the SEC, which shall coordinate the activities involved in the accreditation process.”

“Today, Securities and Exchange Commission is tasked with “serious responsibility of enforcing all laws affecting corporations and other forms of associations not otherwise vested in some other government offices.”

In addition to the aforementioned laws, the Commission also implements and acts either as lead or support agency in administering and enforcing special laws, the more significant of which are:

Vision:

“By 2028, the SEC with its driven, highly-trained, agile and customer-centric team of professionals, equipped with digital technology and adaptive registration and data management systems, is the premier investor champion and catalyst of a deep, broad, sustainable and informed investor-based capital market and more empowered business sector considered among the best in the Southeast Asian (SEA) Region.”

Mission:

“We are the gateway to doing business in the Philippines. We provide a competitive and secure environment for fast and easy company registration, efficient capital formation, broad investor participation and business innovation.”

Core Values:

“INTEGRITY

We are ethical, honest, fair, and sincere in our private and public lives.

PROFESSIONALISM

We are capable and competent in performing our mandate, we excel in our fields of expertise, and we possess high ethical principles and standards which are essential in providing timely, quality, and committed public service.

ACCOUNTABILITY

We are responsible for our actions and decisions.

TEAMWORK

We collaborate to achieve our common goals and tasks in a seamless and efficient manner.

INDEPENDENCE

We act without fear or favor, and render sound judgment in the performance of our duties and responsibilities.”

SEC Quality Policy Statement:

“We, the Securities and Exchange Commission, the prudent registrar and supervisor of the corporate sector, and the independent guardian of the capital market, commit to:

Serve our stakeholders with utmost integrity and professionalism in compliance with customer, legal, regulatory, and other applicable requirements;

Excel in performing our mandate through continuing institutional capability enhancement and effective resource management; and,

Continually improve our quality management system in pursuit of service, excellence and commitment.”

Organizational Structure:

The Securities and Exchange Commission is meticulously structured to ensure effective governance, regulatory oversight, and strategic pursuit of its core objectives.

The organizational framework is designed to streamline operations, encourage collaboration, and provide specialized focus on key areas within the financial landscape.

Department and Functions:

The Securities and Exchange Commission operates with a steadfast commitment to uphold the integrity, transparency, and stability of the financial landscape in the Philippines.

Through its diverse departments, each with a specialized focus and mission, the Securities and Exchange Commission endeavors to regulate, monitor, and promote responsible financial practices.

At the heart of the SEC’s multifaceted operations are its specialized divisions, each playing a vital role in ensuring the efficacy of regulatory frameworks and the protection of market participants.

From the vigilant oversight of corporate and securities regulations to the fostering of innovation in financial technology, each department within the Securities and Exchange Commission contributes to the overarching goal of maintaining a dynamic, inclusive, and secure financial environment.

This comprehensive overview will delve into the distinctive functions of key Securities and Exchange Commission departments, shedding light on their specific roles in enforcing compliance, promoting financial literacy, and steering the course of financial innovation.

Together, these departments form a cohesive framework that not only safeguards the interests of investors but also propels the nation’s financial sector toward sustainable growth and development.

Markets and Securities Regulation Department:

The Department and its Functions section delineates the integral roles and responsibilities undertaken by each division within the Markets and Securities Regulation Department (MSRD).

From securities registration to market oversight and compliance enforcement, this segment provides a comprehensive overview of the MSRD’s commitment to fostering capital market development, ensuring investor protection, and maintaining the integrity of the financial landscape.

Explore the distinct functions of each division as they collectively contribute to the dynamic regulatory framework of the Philippines’ capital markets.

Below is an organized structure for the information about the “Markets and Securities Regulation Department,” “Securities Registration Division,” “Markets and Intermediaries Division,” “Investment Products and Services Division,” “Audit and Compliance Examination Division,” and the “Office for the Advancement of Strategic Investments in Small and Medium Enterprises (OASIS).

The Markets and Securities Regulation Department (MSRD) is dedicated to fostering the development of capital markets, ensuring integrity and stability, and protecting investors. Its key functions include:

Securities Registration and Oversight:

Registering or exempting securities, including real estate investment trusts (REITs), and monitoring issuer compliance.
Registering securities markets and institutions, such as exchanges, clearing agencies, and self-regulatory organizations (SROs), ensuring legal compliance.

Supervision of Intermediaries and Professionals:

Supervising brokers, dealers, investment houses, REIT fund managers, compliance officers, and other market professionals to ensure regulatory adherence.
Ensuring compliance of market participants with legal and regulatory requirements.

Product and Service Approvals:

Approving, authorizing, or registering new securities market products and services.
Supervising and inspecting market participants offering fintech applications, crowdfunding intermediaries, and digital asset services.

Audit, Enforcement, and Compliance:

Conducting audits, examinations, and inspections of issuers, markets, intermediaries, and other participants.
Issuing audit reports, corrective actions, and imposing penalties for noncompliance.
Initiating legal proceedings and sanctions for violations.

Market Development and Engagement:

Promoting capital market financing for micro, small, and medium enterprises (SMEs).
Reviewing and recommending approval of rules proposed by SROs and market-related organizations.

International Collaboration and Numbering Agency:

Establishing linkages with national and international organizations.
Serving as the National Numbering Agency for securities.

Innovation and Digitalization:

Supporting innovations and digitalization initiatives in the capital market.
Contributing to sustainability initiatives.

Securities Registration Division:

The Securities Registration Division (SRD) within MSRD specifically handles functions related to the registration and exemption of securities, regulatory oversight of issuers, and compliance monitoring. Key responsibilities include:

Reviewing and processing applications for registration and exemption.
Conducting conferences and meetings for compliance with laws.
Processing suspension/revocation of licenses and disqualification of directors/officers.
Reviewing information statements and proxy forms for stockholders’ meetings.
Issuing show cause orders, assessment letters, and monitoring compliance.

Markets and Intermediaries Division:

The Markets and Intermediaries Division (MID) focuses on supervising securities markets, institutions, intermediaries, and professionals. Core functions include:

Supervising markets, exchanges, clearing agencies, and intermediaries for compliance.
Providing comments on registration applications.
Reviewing proposed rules and regulatory frameworks.
Monitoring developments and proposing enhancements for fair and efficient markets.

Investment Products and Services Division:

The Investment Products and Services Division (IPSD) manages the registration of markets, institutions, and new products. Its functions include:

Processing applications for registration of markets and institutions.
Reviewing rules, regulatory frameworks, and proposing reforms.
Leading the Commission as the National Numbering Agency.
Monitoring market developments and proposing innovations.

Audit and Compliance Examination Division:

The Audit and Compliance Examination Division (ACED) conducts risk-based inspections and examinations of market participants. Key responsibilities include:

Conducting inspections to ensure market integrity and compliance.
Issuing audit reports, corrective actions, and show cause orders.
Representing the division in technical working groups and regulatory matters.
Monitoring market developments and proposing system enhancements.

Office for the Advancement of Strategic Investments in Small and Medium Enterprises (OASIS):

OASIS focuses on promoting capital market financing options for SMEs. Key functions include:

Promoting SME financing options and streamlining registration processes.
Conducting capacity-building programs and establishing databases.
Assisting SMEs with regulatory issues and recommending reforms.
Collaborating with other divisions and supporting sustainability initiatives.

This comprehensive overview outlines the diverse functions and responsibilities of each department and division within the Markets and Securities Regulation Department.

Corporate Governance and Finance Department:

The Department and its Functions section unveils the essential roles and responsibilities assumed by each division within the Corporate Governance and Finance Department (CGFD).

From securities registration to the promotion of sustainable corporate practices, this segment offers a comprehensive insight into the CGFD’s dedication to upholding good governance, fostering financial inclusion, and contributing to both national and global development goals.

Discover the distinctive functions of each division, harmoniously working to shape a resilient regulatory landscape in the corporate sector.

Specifically, the CGFD shall:

Process the registration of securities issued by investment companies, including mutual fund companies (MFCs), closed-end companies, Exchange-Traded Funds (ETFs), and issuers of proprietary and non-proprietary securities.

Process applications for licenses of investment companies, accredit microfinance non-government organizations (NGOs), and Corporate Governance Institutional Training Providers (CG-ITP).

Monitor the compliance of various entities, including Publicly-Listed Companies (PLCs), Public Companies (PCs), Investment Companies, ETFs, Issuers of Proprietary and Non-Proprietary Securities, Foundations, Accredited Microfinance NGOs (MF-NGO), and recognized foreign Collective Investment Schemes (CIS) under the ASEAN CIS Framework with existing laws and regulations, emphasizing corporate governance rules.

Validate the qualifications of independent directors in PLCs, PCs, and other registered issuers of securities.

Promote sustainability and good corporate governance practices, participating in national and international initiatives.

Promote Ease of Doing Business (EODB) through policy issuances protecting minority investors.

Participate in initiatives of standard-setting bodies and multilateral agencies, and represent the department in Congressional hearings and inter-agency/private sector meetings.

Issue show cause orders, impose sanctions and penalties, assess and collect fines for noncompliance with laws, policies, rules, and regulations.

Licensing Division (LD):

The Licensing Division plays a crucial role in regulatory oversight, ensuring the smooth operation of investment companies and related entities. Key functions include:

Processing applications for licenses for Investment Companies under the Investment Company Act.

Pre-evaluating and processing applications for the authorization of investment companies to offer securities cross-border.

Formulating policies and drafting rules relevant to the regulation of investment companies, issuers of proprietary and non-proprietary membership certificates/shares and timeshares, and public companies.

Conducting audits and ocular inspections, reviewing articles of incorporation and bylaws, monitoring compliance of registered issuers of securities, and processing requests for approval of promotional activities involving investment companies.

Monitoring, Compliance, and Audit Division (MCAD):

The Monitoring, Compliance, and Audit Division is tasked with efficient supervision and monitoring of Securities and Exchange Commission-registered Foundations and MF-NGOs. Its comprehensive functions include:

Recommending and drafting policy measures for the supervision of Securities and Exchange Commission-registered Foundations and MF-NGOs.

Processing applications for accreditation of MF-NGOs and clearance of Foundations.

Reviewing applications for amendments to the Foundations and accredited MF-NGOs’ Articles of Incorporation and/or By-Laws.

Handling appeals, conducting on-site or virtual audits, and preparing comprehensive audit reports.

Gathering data through surveys, interviews, and data analysis to identify patterns, trends, and insights for decision-making and policy development.

Corporate Governance Division (CGD):

The Corporate Governance Division is instrumental in promoting corporate governance principles and sustainability. Key responsibilities encompass:

Recommending and drafting policy measures to promote corporate governance.

Monitoring compliance with corporate governance codes for various entities, including PLCs, PCs, investment companies, ETFs, and issuers of proprietary and non-proprietary securities.

Acting as secretariat of the ASEAN Capital Markets Forum Working Group on matters pertaining to corporate governance.

Processing accreditation of CG-ITPs, applications of in-house corporate governance training and seminars, and requests for exemptive relief on CG matters.

Handling queries, requests for reduction of penalty, motion for reconsideration, and other appeals.

Reviewing applications for the registration of new companies and amendments to articles of incorporation and bylaws.

This comprehensive structure outlines the multifaceted responsibilities of each division within the department, ensuring a thorough understanding of its vital role in fostering a robust and compliant corporate environment.

Company Registration and Monitoring Department:

The Department and its Functions segment elucidates the pivotal responsibilities assumed by the Company Registration and Monitoring Department (CRMD) in streamlining business formation and enhancing the ease of doing business in the Philippines.

From registering corporations and partnerships to ensuring compliance with regulatory frameworks, the CRMD plays a central role in fostering a conducive business environment.

Delve into the distinct functions of each division within the CRMD, collaboratively contributing to the efficiency and reliability of the company registration and monitoring system.

The CRMD is committed to facilitating business formation and enhancing the ease of doing business in the Philippines through an efficient company registration and monitoring system. Key functions include:

Registration and Licensing:

Register domestic corporations and partnerships.
Grant licenses to multinational companies, foreign corporations, lending and financing companies, and capital market participants.

Application Processing:

Process amendments to articles of incorporation/articles of partnership.
Handle changes in capital, mergers, and consolidations.

Document Custody and Compliance Monitoring:

Maintain custody over registration documents.
Monitor compliance of registered domestic/licensed foreign corporations with reportorial requirements.

Enforcement and Adjudication:

Issue show cause orders, impose sanctions, and collect fines for noncompliance.
Suspend and revoke certificates of incorporation and licenses for noncompliance.
Hear and decide administrative cases within the department’s jurisdiction.

Legal Support and Special Studies:

Provide corporate records to other government agencies.
Undertake special studies on registration and monitoring issues.
Develop and recommend policies related to registration and monitoring.

Divisions:

Corporate and Partnership Registration Division (CPRD):

Process registrations of domestic corporations, partnerships, and foreign-owned entities.
Evaluate applications for licensing of foreign corporations.
Handle post-audit evaluations and applications for various corporate changes.

Financial Analysis and Audit Division (FAAD):

Process applications for corporate reorganization and financial changes.
Confirm and certify paid-up capital and financial declarations.
Evaluate financial conditions for dissolution and foreign licenses.

Corporate Filing and Records Division (CFRD)

Verify and reserve proposed corporate names.
Facilitate the registration of stock and transfer books.
Issue certificates, including No Derogatory Information and Non-Registration.

Compliance Monitoring Division (CMD):

Monitor reportorial requirements of corporations.
Encode compliance into the Commission’s database.
Process delinquency cases and lifting of suspension/revocation orders.

Corporate Adjudication Division (CAD):

Exercise jurisdiction over petitions for revocation based on specified grounds.

Operational Oversight:

Oversee satellite offices, storage facilities, and document retrieval operations.

This arrangement provides a comprehensive and structured overview of the Company Registration and Monitoring Department, emphasizing its functions and the roles of each division within the department.

Enforcement and Investor Protection Department:

The Enforcement and Investor Protection Department (EIPD) is dedicated to ensuring strict compliance with all market participants, issuers, and individuals regarding the laws, rules, and regulations enforced by the Commission.

The department takes prompt and appropriate enforcement actions for any violations.

Specifically, the EIPD shall, among others:

Investigate violations of the laws, rules, and regulations administered and enforced by the Commission, including those related to anti-money laundering (AML) and combating the financing of terrorism (CFT).

Conduct surveillance of securities trading, ensuring compliance with Sections 24, 26, and 27 of the Securities Regulation Code and its implementing rules and regulations.

Coordinate with self-regulatory organizations, market participants, depository institutions, and law enforcement agencies to enforce regulations.

Issue cease and desist orders, impose sanctions, and collect fines for noncompliance with laws and regulations.

Evaluate and act on settlement offers proposed by parties under investigation.

File administrative and criminal complaints and assist in their prosecution.

Enforce rules and regulations to combat money laundering and terrorist financing.

Conduct AML/CFT audits and examinations, collaborating with relevant departments.

Serve as a focal office for AML/CFT matters and coordinate with the Anti-Money Laundering Council (AMLC).

Represent the Commission in international organizations and promote investor protection through various programs and advisories.

Market Surveillance Division (MSD) Functions:

The Market Surveillance Division within EIPD shall perform the following functions:

Conduct surveillance of securities trading to ensure compliance with relevant regulations.
Prepare investigation and surveillance reports on violations and refer them to the Investigation and Prosecution Division (IPD).
Coordinate with stock exchanges, clearing agencies, and other self-regulatory organizations to gather evidence on market-related violations.
Act on requests for assistance from international securities regulators.
Recommend and post advisories related to securities trading violations.
Assist IPD in prosecuting criminal cases.

Investigation and Prosecution Division (IPD) Functions:

The Investigation and Prosecution Division within EIPD shall perform the following functions:

Investigate and hear cases related to violations of laws, rules, and regulations enforced by the Commission.
Draft orders, resolutions, or decisions for imposing fines and administrative sanctions.
Refer cases to the Special Operations Division (SpecOps) for necessary surveillance or inspections.
Initiate cease and desist orders and file criminal complaints.
Assist public prosecutors in prosecuting criminal cases.
Evaluate settlement offers proposed by parties under investigation.
Act on petitions for revocation of corporate registration, excluding cases under the original authority of the Company Registration and Monitoring Department (CRMD).
Prepare writs of execution to enforce SRC provisions.

Special Operations Division (SpecOps) Functions:

The Special Operations Division within EIPD shall perform the following functions:

Conduct undercover and surveillance operations and on-site inspections of entities involved in securities violations.
Investigate cases related to securities fraud through the internet.
Prepare investigation reports and refer them to IPD for action.
Coordinate with anti-cybercrime units for electronic evidence gathering.
Provide investor assistance and promote awareness.
Investigate assigned cases, prepare show cause orders, and attend meetings related to law enforcement.
Assist IPD in prosecuting criminal cases.

Anti-Money Laundering Division (AMLD) Functions:

The Anti-Money Laundering Division within EIPD shall perform the following functions:

Act as the focal office for AML/CFT initiatives and coordinate with AMLC.
Ensure compliance with the Anti-Money Laundering Act and related rules.
Review AML Operating Manuals of applicants and recommend to the Commission.
Review and recommend AML/CFT-related rules of self-regulatory organizations.
Conduct AML/CFT audits, investigations, and hearings.
Prepare reports of AML/CFT violations and refer them to IPD for revocation proceedings.
Prosecute criminal complaints for AML/CFT violations.
Act as a resource center for investors and other government agencies on AML/CFT matters.
Assist international securities regulators on AML/CFT matters.

International Affairs and Protocol Division (IAPD) Functions:

The International Affairs and Protocol Division within EIPD shall perform the following functions:

Pursue applications to international organizations beneficial to the Commission.
Perform liaison work with government agencies, international organizations, and other entities.
Nominate technical personnel for international engagements.
Attend meetings and maintain records of the Commission’s international actions.
Recommend actions for the Commission’s continued participation in international matters.
Facilitate official travel authorizations for Commission officials and employees.

Cyber and Forensics Division (CFD) Functions:

The Cyber and Forensics Division within EIPD shall perform the following functions:

Monitor and conduct surveillance on social media and online platforms to prevent securities fraud.
Obtain evidence for prosecuting securities fraud committed through ICT.
Conduct studies on securities fraud trends and demographics.
Formulate strategies to prevent securities cyber fraud and protect investors.
Inform and educate the public about securities fraud online.
Promote cooperation with local and foreign regulators to combat securities fraud.
Conduct seizure and processing of digital evidence.
Collaborate with law enforcement for court warrants related to cyber and securities fraud.

Economic Research and Training Department:

DEPARTMENT’ FUNCTIONS

The Economic Research and Training Department (ERTD) of the Securities and Exchange Commission plays a crucial role in harmonizing the strategic and operational plans of the Commission, ensuring their soundness and effectiveness.

The department focuses on the collection, governance, and utilization of relevant empirical data to support the development of the capital market and protect the investing public through partnerships and education initiatives.

Below are the detailed functions of the ERTD and its divisions:

Economic Research and Training Department (ERTD) Functions:

Coordinate the Formulation, Monitoring, and Evaluation of Plans:

Coordinate the Commission’s strategic and operational plans.
Act as the focal department for matters related to performance and quality management programs.

Research and Analysis:

Coordinate the formulation and implementation of the annual research agenda.
Act as the focal department for economic research and analysis.

Statistical Compilation and Governance:

Coordinate statistical compilation activities and represent the Commission in inter-agency statistical concerns.
Lead and coordinate the design and implementation of strategies for data governance.

Capacity-Building and Certification:

Coordinate the conduct of capacity-building programs and certification examinations for capital market professionals.

Investor Education:

Act as the focal department for the implementation of investor education programs.
Formulate policies and guidelines for the investor education program.

Divisions under the ERTD:

Strategic Management and Planning Division (SMPD):

Facilitate the annual strategic planning process and the formulation of strategic and operational plans.
Develop and implement a communication strategy for plan cascading.

Company Analytics and Statistics Division (CASD):

Lead and coordinate the design and implementation of strategies on the governance of data related to the capital market.
Prepare and publish statistical and company analytics reports.

Market Professionals and Investor Education Division (MPIED):

Formulate policies and guidelines for Securities and Exchange Commission Certification Programs.
Conduct capacity-building programs for capital market professionals and manage investor education programs.

Economic Research and Analysis Division (ERAD):

Lead and coordinate the formulation and implementation of the Commission’s annual research and analysis agenda.
Conduct studies related to the capital markets and corporate sector.

The ERTD, through its divisions, aims to contribute to evidence-based decision-making, promote financial literacy, and support the strategic initiatives of the Commission in fostering a robust and investor-friendly capital market.

Information and Communications Technology Department:

The Information and Communications Technology Department (ICTD) of the Securities and Exchange Commission is responsible for developing, implementing, and maintaining comprehensive information systems and operational applications to facilitate efficient and effective public service delivery.

Here are the detailed functions of the ICTD and its divisions:

Information and Communications Technology Department (ICTD) Functions:

Strategic Planning and Coordination:

Formulate the Securities and Exchange Commission Information Systems Strategic Plan (ISSP) and coordinate its implementation.
Undertake procurement planning, acquisition, and deployment of ICT resources in line with the SEC-ISSP.

Application Systems Development and Management:

Lead application systems development activities.
Administer, maintain, enhance, and promote developed and deployed application systems.
Perform capacity planning activities and administer the network and communications infrastructure.

Data Integrity and Security:

Preserve the integrity and security of Securities and Exchange Commission electronic data.
Conduct enterprise cybersecurity monitoring and compliance activities.

Document Management and Archives:

Receive reports and communications and release Securities and Exchange Commission documents.
Maintain archives and manage electronic copies of documents submitted by registered companies.

Inter-Agency Linkages and Data Sharing:

Participate in inter-agency electronic linkages and data-sharing arrangements.

Divisions under the ICTD:

Information Systems Development and Management Division (ISDMD):

Assist in the formulation and coordination of the Securities and Exchange Commission ISSP.
Lead application systems development and maintenance.
Administer network and communications infrastructure.
Provide higher-level application support and manage quality assurance and testing activities.

Systems Operations Division (SysOps):

Manage system software and version updates, network infrastructure, hosting facilities, and disaster recovery.
Administer database and system administration for outsourced application systems.
Implement policies related to operational aspects of IT systems.

Electronic Records Management Division (ERMD):

Receive reportorial requirements and documents from registered companies.
Manage archives, electronic copies, and document sharing.
Conduct data mining, conversion, transformation, and data governance.

Cybersecurity and Shared Services Division (CSSD):

Function as a cybersecurity knowledge domain expert.
Develop and manage cybersecurity policies for compliance.
Act as a clearing house for security incidents and breaches.
Provide services in project management, systems analysis, service architecture and design, planning, compliance, and IT governance.
Manage commission-wide cybersecurity and risk mitigation.

The ICTD, through its divisions, plays a crucial role in ensuring the technological infrastructure, data security, and efficient operation of the SEC’s information systems, contributing to the overall effectiveness and reliability of the Commission’s public service delivery.

Human Resources and Administrative Department (HRAD) Functions:

The Human Resources and Administrative Department (HRAD) of the Securities and Exchange Commission is a multifaceted unit with diverse responsibilities aimed at fostering a positive work environment, talent acquisition and retention, and overall organizational excellence.

The comprehensive functions of HRAD and its divisions are delineated below:

Civil Service Compliance:

Implement and enforce civil service laws, rules, and regulations.
Oversee matters related to recruitment, selection, training, staff development, scholarship grants, performance management, merit promotion, employee welfare, and disciplinary actions.

Personnel Records and Compliance:

Maintain meticulous personnel records, including Statements of Assets, Liabilities, and Net Worth (SALN) submitted to relevant agencies.
Ensure strict adherence to civil service regulations, fostering transparency and accountability.

Human Resource Policy Research:

Conduct in-depth research on human resource policies.
Recommend and implement reforms and innovative programs to enhance organizational effectiveness.

Learning and Development:

Design and execute strategic learning and development interventions aligned with organizational goals.
Manage the Securities and Exchange Commission Learning Institute to provide continuous growth opportunities for employees.

Healthcare and Wellness Programs:

Establish and operate a medical and dental unit to provide basic healthcare services.
Implement holistic wellness programs to enhance the overall well-being of employees.

Procurement and Administrative Services:

Develop, plan, and manage procurement activities in strict compliance with government procurement laws.
Efficiently manage the execution of contracts, ensuring transparency and accountability.
Provide administrative and general services support to other Securities and Exchange Commission departments for seamless operations.

Office Maintenance and Security:

Oversee the meticulous management and maintenance of Securities and Exchange Commission office buildings, warehouses, facilities, equipment, and fixtures.
Ensure robust security arrangements for the protection of personnel and assets.

Communication and Compliance:

Facilitate internal and external communication channels regarding vacant positions, new rules, and publications.
Ensure compliance with the Securities and Exchange Commission Citizens Charter and the Anti-Red Tape Act.

Gender and Development Programs:

Plan and implement gender and development programs to foster inclusivity and diversity.
Implement senior citizen-related programs to promote an age-friendly workplace.

Internship Program Administration:

Administer a comprehensive internship program, providing students with practical work experiences.
Foster collaboration between students and Securities and Exchange Commission offices, enriching educational experiences.

Divisions under the HRAD:

Human Resources Management Division (HRMD):

Provide strategic direction for human resources actions.
Monitor and ensure compliance with civil service laws and rules.
Manage end-to-end recruitment processes.

Learning Resource and Information Division (LRID):

Design and coordinate a diverse array of learning and development programs.
Manage the Securities and Exchange Commission Library and advanced knowledge management systems.

Procurement Division (PD):

Strategically plan and execute procurement activities.
Lead and manage all contract-related aspects post-procurement.
Ensure compliance with the Guidelines on the Grant of Performance-Based Bonus.

General Services Division (GSD):

Administer, repair, safekeep, secure, and maintain Securities and Exchange Commission facilities, equipment, and assets.
Conduct annual inventory assessments.
Manage contracts for outsourced services and engage with various government units.

In sum, the HRAD and its divisions form the backbone of the Securities and Exchange Commission organizational effectiveness, ensuring compliance, fostering talent development, and maintaining a conducive work environment for the achievement of the Commission’s goals and objectives.

Financial Management Department (FMD) Functions:

The Financial Management Department (FMD) of the Securities and Exchange Commission plays a pivotal role in ensuring the judicious allocation, disbursement, and transparent accounting of the Commission’s financial resources.

The department undertakes a range of responsibilities aimed at maintaining financial sustainability and accountability.

Budget Preparation and Financial Policies:

Develop the Commission’s annual budget by assessing financial needs and allocating available resources.
Formulate financial policies, guidelines, and standards to ensure effective, efficient, and sustainable operations.
Implement income generation programs to supplement financial resources.

Revenue Collection and Disbursement:

Collect transaction payments and penalties diligently.
Promptly deposit funds into Commission-retained accounts or the National Treasury.
Process and release funds for various Commission programs, projects, and activities.

Claims Processing and Pre-Audit:

Process and release payments to employees, creditors, and claims.
Pre-audit disbursements for accuracy and compliance with rules and regulations.
Reconcile subsidiary ledgers against the general ledger to maintain financial accuracy.

Financial Agreements and Custodianship:

Review financial aspects of agreements entered into by the Commission.
Serve as custodian of promissory notes of registered commercial paper issuers and deposit substitutes of multinational and foreign corporations.

Provident Fund Management:

Manage and operate the Provident Fund of Securities and Exchange Commission Employees.
Oversee loan applications and confirmations, ensuring compliance with relevant financial institutions.

Divisions under the Financial Management Department:

Budget and Fiscal Division (BFD):

Develop standards and guidelines for prudent spending measures.
Prepare the Commission’s annual budget in coordination with departments.
Manage budget allocation, release, and transfer efficiently.
Ensure accountability and transparency by preparing accurate budget documents and financial reports.

Accounting Division (AD-FMD):

Provide comprehensive accounting services, ensuring accuracy and compliance with COA rules.
Pre-audit disbursements and reimbursements for financial accuracy.
Process all payroll transactions and reconcile subsidiary ledgers with the general ledger.
Manage and operate the Provident Fund of Securities and Exchange Commission Employees.

Treasury Division (TD):

Monitor and manage cash inflows and outflows from Securities and Exchange Commission retained accounts.
Serve as custodian of securities deposits and deposit substitutes.
Process, issue, and release payments and claims to Securities and Exchange Commission employees and creditors.
Coordinate with ICTD for necessary system updates related to payment processes.

The Financial Management Department is integral to the Securities and Exchange Commission financial health, ensuring fiscal discipline, transparency, and compliance with regulatory standards.

Through its divisions, the FMD plays a crucial role in budgeting, accounting, and treasury functions, contributing to the overall financial sustainability and accountability of the Securities and Exchange Commission.

Special Offices:

Office of the Commission Secretary (OCS) – Department Functions:

The Office of the Commission Secretary (OCS) serves as the secretariat for the Commission En Banc and oversees the communication strategies of the Securities and Exchange Commission.

The department plays a crucial role in ensuring efficient Commission operations and fostering transparent communication. Key functions include:

Commission En Banc Support:

Prepare agendas and notices for En Banc meetings.
Host meetings through various means, including teleconferencing and web conferencing.
Provide technical and logistical support for Commission events.
Draft minutes, decisions, and resolutions for approval.

Rules Formulation and Record Management:

Formulate rules of practice and procedures for the Commission.
Manage both paper and electronic records efficiently.
Ensure compliance with security measures and data protection programs.

Legal and Research Services:

Provide legal studies and technical research services for policy development.
Conduct research on capital markets, investor rights, data privacy, and related issues.
Administer oaths and affirmations for filed documents.

Communication and Advocacy:

Lead the development and implementation of communication strategies.
Oversee the Freedom of Information (FOI) program.
Coordinate compliance with the Data Privacy Act (DPA).
Support investor education programs and other SEC advocacies.

Corporate Communication Division (CCD):

Develop and implement enterprise and crisis communication strategies.
Manage media relations and handle press releases.
Create IEC materials, including infographics and educational videos.
Coordinate social media activities and stakeholder engagement.

Commission Secretariat Division (CSD):

Facilitate Commission En Banc meetings and provide logistical support.
Draft minutes, decisions, and resolutions for En Banc approval.
Formulate rules of practice and procedures.
Manage records and ensure data protection measures.

The Office of the Commission Secretary plays a pivotal role in the effective functioning of the Securities and Exchange Commission En Banc and in driving transparent communication strategies.

The Commission Secretariat and Corporate Communication Divisions work cohesively to support the Commission’s decision-making processes, enhance stakeholder engagement, and uphold legal and regulatory standards.

Office of the General Counsel (OGC) – Department Functions:

The Office of the General Counsel (OGC) is the principal legal adviser to the Securities and Exchange Commission, acting as a liaison between the Commission and other government entities.

The OGC plays a crucial role in legal decision-making, legislative liaison, and representation in legal proceedings. Key functions include:

General Functions:

Act on appeals, petitions, contracts, and legal opinions for the Commission En Banc.
Oversee non-enforcement and appellate litigations in collaboration with the Office of the Solicitor General.
Provide legal assistance on matters involving self-regulatory organizations and foreign government regulators.

Policy and Opinions Division (POD):

Review contracts involving the Commission and requests for legal opinions.
Handle special studies and opinions requested by the Commission, departments, and the public.
Represent the Commission before other government agencies and quasi-judicial bodies.

Adjudication Division (AD-OGC):

Act on appeals involving decisions by operating departments, extension offices, and self-regulatory organizations.
Address petitions for Cease and Desist Orders and related motions.
Conduct hearings for the Commission En Banc and the General Counsel.
Oversee non-enforcement and appellate litigations.

Legislative Liaison Division (LLD):

Liaise with the House of Representatives, Senate, and Presidential Legislative Liaison Office.
Assist in preparing the Commission’s legislative agenda.
Provide comments and position papers on proposed legislation.
Represent the Commission in congressional hearings and technical working groups.
Assist operating departments in legislative matters related to their jurisdiction.

The OGC is pivotal in ensuring legal compliance, facilitating legislative coordination, and representing the Securities and Exchange Commission in various legal proceedings.

The Policy and Opinions Division, Adjudication Division, and Legislative Liaison Division work cohesively to address legal matters, provide opinions, and engage with legislative bodies for the effective functioning of the Securities and Exchange Commission.

Office of the General Accountant (OGA) – Department Functions:

The Office of the General Accountant (OGA) plays a crucial role in ensuring the integrity and transparency of financial reporting in the capital market and corporate sector.

The OGA is responsible for establishing financial reporting and auditing standards, accrediting external auditors and auditing firms, and monitoring compliance with applicable laws and regulations. Key functions include:

General Functions:

Lead the formulation, adoption, and implementation of financial reporting and auditing standards based on global frameworks.
Prepare opinions and responses to financial reporting and audit issues.
Provide advice on financial reporting matters upon request.
Accredit external auditors, auditing firms, and other professionals engaged by supervised entities.
Monitor compliance with applicable laws, rules, and regulations.

SEC Oversight Assurance Review Division:

Conduct on-site quality assurance reviews of Securities and Exchange Commission-accredited auditing firms’ quality management systems.
Review external auditor’s working papers for publicly-listed companies to ensure compliance with professional standards.
Evaluate compliance of auditing firms and auditors with assurance standards, including potential mandatory requirements on Sustainability Reporting.
Review compliance with Anti-Money Laundering Act (AMLA) requirements.

Accounting and Audit Policy Division (AAPD):

standards.
Prepare opinions and responses to financial reporting and audit issues.
Provide advice on financial reporting matters upon request.
Evaluate financial statements of referred corporations.
Process accreditation applications for credit rating agencies.
Monitor compliance of credit rating agencies with applicable laws and regulations.
Formulate rules for oversight reviews of Credit Rating Agencies.
Assess proposed laws and regulations for potential impacts on financial reporting.

Accreditation Division (AD-OGA):

Accredit or implement voluntary listing/registration of external auditors, auditing firms, asset valuers, and other professionals engaged by supervised entities.
Monitor compliance of external auditors, auditing firms, and experts with applicable laws and regulations.
Review financial statements of supervised corporations for compliance.
Assist in fraud examinations.

The OGA actively participates in local and international standard-setting bodies, reflecting a commitment to upholding high-quality financial reporting and auditing practices.

Through its divisions, the OGA contributes to the Securities and Exchange Commission mission of maintaining financial market integrity and protecting investors.

Extension:

The Securities and Exchange Commission Extension Offices (EOs) play a pivotal role in extending the reach and impact of the Securities and Exchange Commission’s services throughout the country.

With a commitment to fostering accessibility, these offices serve as vital hubs that facilitate efficient engagement with the Commission’s diverse array of services.

Their mandate goes beyond geographical boundaries, encompassing the critical tasks of ensuring uniform enforcement of corporate and securities regulations on a nationwide scale.

Additionally, the EOs actively cultivate collaboration by forging strong ties with local government units and various organizations.

This collaborative approach is integral to the successful implementation of the Commission’s strategic plans and programs at both the local and regional levels.

Specifically, the EOs are entrusted with a range of responsibilities that contribute to the Securities and Exchange Commission overarching goals.

These responsibilities include:

Registering corporations, recording partnership contracts, and issuing certificates of authority to lending and financing companies for the establishment and operation of branches.

Acting upon petitions for correction of entries in the articles of incorporation and/or bylaws of corporations.

Receiving and monitoring companies’ compliance with their annual financial statements and reportorial requirements.

Issuing certifications, certified true copies, and photocopies of documents.

Executing orders, decisions, resolutions, and other issuances of the Commission En Banc or operating departments.

Conducting enforcement actions, investigations, and onsite/ocular inspections.

Serving notices, summonses, show-cause orders, cease-and-desist orders, and other issuances of the Commission En Banc or operating departments.

Providing advisories to the public regarding company operations and possible violations of laws, rules, and regulations.

Supporting the development and implementation of the Commission’s communication strategies, investor education programs, and other advocacies.

The Securities and Exchange Commission Extension Offices exercise jurisdiction over specific regions, ensuring that their services are tailored to the unique needs and dynamics of the areas they serve.

The following delineation of jurisdictions underscores the expansive coverage and strategic placement of these extension offices, further solidifying their role as essential arms of the Securities and Exchange Commission across the Philippines.

SEC Extension Office	Jurisdiction
SEC BAGUIO	Region 1: Ilocos Norte, Ilocos Sur, La Union, Pangasinan; CAR: Apayao, Kalinga, Abra, Mountain Province, Ifugao, Benguet, Baguio City, Tabuk City
SEC TARLAC	Region 2: Batanes, Cagayan, Isabela, Nueva Vizcaya, Quirino, Tuguegarao City, Ilagan City, Cauayan City, Santiago City; Region 3: Aurora, Nueva Ecija, Tarlac, Zambales, Bataan, Pampanga, Bulacan, San Jose City, Science City of Munoz, Palayan City, Cabanatuan City, Gapan City, Tarlac City, Olongapo City, Balanga City, Mabalacat City, Angeles City, San Fernando City, Malolos City, Meycauayan City, City of San Jose Del Monte
SEC LEGAZPI	Region 5: Camarines Norte, Camarines Sur, Albay, Sorsogon, Masbate, Catanduanes; Naga City, Iriga City, Legazpi City, Ligao City, Tabaco City, Sorsogon City, Masbate City
SEC ILOILO	Region 6: Aklan, Antique, Capiz, Iloilo, Guimaras; Roxas City, Iloilo City, Passi City
SEC BACOLOD	Region 6 (part): Negros Occidental; Region 7 (part): Negros Oriental, Canlaon City, Guihulngan City, Bais City, Tanjay City, Bayawan City, Dumaguete City, Victorias City, Sagay City, Escalante City, Cadiz City, Silay City, Talisay City, Bacolod City, Bago City, San Carlos City, La Carlota City, Himamaylan City, Kabankalan City, Sipalay City
SEC CEBU	Region 7: Cebu, Bohol, Siquijor; Bogo City, Danao City, Toledo City, Cebu City, Mandaue City, Lapu-Lapu City, Talisay City, City of Naga, Carcar City, Tagbilaran City
SEC TACLOBAN	Region 8: Northern Samar, Samar, Eastern Samar, Leyte, Southern Leyte, Biliran; Calbayog City, Catbalogan City, Borongan City, Tacloban City, Baybay City, Ormoc City, Maasin City
SEC ZAMBOANGA	Region 9: Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay; Dipolog City, Dapitan City, Pagadian City, Isabela City; BARMM: Lanao Del Sur, Maguindanao Del Norte, Maguindanao Del Sur, Basilan, Sulu, Tawi-Tawi, Cotabato City, Marawi City, Lamitan City
SEC CAGAYAN DE ORO	Region 10: Camiguin, Bukidnon, Misamis Oriental, Misamis Occidental, Lanao Del Norte; Region 13: Agusan Del Norte, Agusan Del Sur, Surigao Del Norte, Surigao Del Sur, Dinagat Islands; Cagayan De Oro City, El Salvador City, Gingoog City, Malaybalay City, Valencia City, Iligan City, Ozamiz City, Tangub City; Butuan City, Cabadbaran City, Bayugan City, Surigao City, Tandag City, Bislig City
SEC DAVAO	Region 11: Davao De Oro, Davao Del Norte, Davao Del Sur, Davao Oriental, Davao Occidental; Region 12: Cotabato, South Cotabato, Sultan Kudarat, Sarangani; Davao City, Tagum City, Island Garden City of Samal, Digos City, Mati City; Kidapawan City, Koronadal City, Tacurong City, General Santos City

Finlend (Financing and Lending Companies Division) Functions:

The Financing and Lending Companies Division (FinLend) is tasked with several functions aimed at monitoring, enforcing compliance, and shaping the regulatory landscape for financing companies (FCs) and lending companies (LCs).

The key functions of FINLEND include:

Compliance Monitoring and Enforcement:

Ensure compliance with relevant laws and regulations by FCs and LCs.
Develop, acquire, and apply SupTech (Supervisory Technology) capabilities to positively influence compliance behavior.
Gather intelligence and manage knowledge to understand compliance behavior.
Provide technocratic guidance to prevent infractions.
Preempt, identify, mitigate, and communicate systemic risks.
Have the authority to revoke Certificates of Registration and Authority for non-compliant companies.

Regulatory Orders and Documents:

Issue Orders, Cease and Desist Orders, Notices, Resolutions, Memoranda, and other necessary documents related to monitoring, supervision, and enforcement.

Policy Recommendations and Drafting:

Provide recommendations and draft policy measures for effective supervision of FCs and LCs.
Conduct policy research, foresight activities, and insight-gathering for the money-lending industry.
Craft policies for effective parenting of supervised companies focusing on financial inclusion, customer protection, and industry development.
Conduct regulatory impact assessments (RIAs) when practicable.
Take corrective actions at the policy level.

Educational Initiatives:

Conduct workshops, seminars, and roundtable discussions related to FCs and LCs.
Participate in various forums to promote the Securities and Exchange Commission role as an overseer of the Regulated Money-lending Industry.
Leverage existing relationships to turn external organizations into advocates for the Securities and Exchange Commission.
Promote the use of behavioral sciences and other knowledge fields for positive borrower influence.

Legislative Affairs:

Craft legislative agenda, lobby, and liaise with special interest groups.
Interface with and align with special interest groups to advance legislative agendas.

International Collaboration:

Participate in meetings or consultations with local and international agencies.
Impact the policy thinking and approaches of agencies regulating financing and lending companies.
Solicit bilateral or multilateral technical assistance to support SEC policies.
Provide policy guidance or technical assistance upon request to local and international stakeholders.

Reconsideration of Penalties:

Process requests for reconsideration of penalties imposed on FCs and LCs.
Solicit inputs from other units for consensus in unusual or precedent-setting cases.
Aim for the prospective application of newly-minted policies for cost-effective deterrence.
Issue administrative fiats (SCLs and CDOs).
Initiate administrative proceedings against non-compliant financing and lending companies.

PHILIFINNO (PhiliFintech Innovation Office) Functions:

The PhiliFintech Innovation Office (PhiliFINNO) is established to drive innovation, with a specific focus on fostering the development and adoption of financial technology (fintech) in the Philippines.

The primary functions of PhiliFINNO include:

First Point of Contact for Fintech Companies:

Serve as the initial contact point for fintech companies seeking registration.
Assist existing fintech companies operating without authority or introducing new fintech products in navigating the regulatory landscape.

Documentation and Analysis:

Document, analyze, and comprehend the business models of fintech companies.
Assess the potential impacts of fintech companies on the market and its participants.

Regulatory Responses and Policy Development:

Formulate and execute regulatory responses that support fintech development.
Promote financial inclusion through policies that ensure the protection of investors and market participants.
Utilize policy development functions to strike a balance between innovation and regulatory safeguards.

The overarching goal of PhiliFINNO is to encourage and regulate fintech innovation, creating an environment that fosters financial inclusion while safeguarding the interests of investors and market participants.

Contact Details:

Securities and Exchange Commission Headquarters Contact Information:

Securities and Exchange Commission Headquarters

7907 Makati Avenue, Salcedo Village,

Bel-Air, Makati City, 1209

Email: imessagemo@sec.gov.ph

Call Center No.: 02-5322-7696

OFFICE OF THE CHAIRPERSON

Name	Position	Email	Direct Line	Office Address
Emilio B. Aquino	Chairman	ebaquino@sec.gov.ph	8818-0921	15/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Philifintech Innovation Office	–	–	8818-0921	15/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209

OFFICE OF THE COMMISSIONERS

Name	Position	Email	Direct Line	Office Address
Javey Paul D. Francisco	Commissioner	office_cjdfrancisco@sec.gov.ph	8818-8320, 8818-6896	C/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Kelvin Lester K. Lee	Commissioner	oclee@sec.gov.ph	8818-6159, 8818-6769	C/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Karlo S. Bello	Commissioner	ksbello@sec.gov.ph	8818-7327, 8818-5008	C/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Mcjill Bryant T. Fernandez	Commissioner	ocfernandez@sec.gov.ph	8818-6857, 8818-6158	C/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209

OFFICE OF THE COMMISSION SECRETARY

Name	Position	Email	Direct Line	Office Address
Armando A. Pan, Jr.	Commission Secretary	comsec@sec.gov.ph	8888-8141	12/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Edhona C. Tantuan	Assistant Director	comsec@sec.gov.ph	8818-5478	12/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Keith Richard D. Mariano	Officer-in-Charge	Not provided	8818-6367	Not pro

OFFICE OF THE GENERAL COUNSEL

Name	Position	Email	Direct Line	Office Address
Armando A. Pan, Jr.	Commission Secretary	comsec@sec.gov.ph	8888-8141	12/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Edhona C. Tantuan	Assistant Director	comsec@sec.gov.ph	8818-5478	12/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Keith Richard D. Mariano	Officer-in-Charge	Not provided	8818-6367	Not prov

For Matters of Concern:

Request for Certified True Copy of Resolution
- Email: comsec@sec.gov.ph
- Phone Numbers: 8888-8141, 8818-5478, 8818-6367

OFFICE OF THE GENERAL ACCOUNTANT

Name	Position	Email	Direct Line	Office Address
Romuald C. Padilla	General Counsel	ogc_legal@sec.gov.ph	8818-5348	14/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Vesper Julius B. Garcia	Assistant Director	ogc_legal@sec.gov.ph	Not provided	14/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209

For Matters of Concern:

Filing of Petition and Appeal
- Email: ogc_legal@sec.gov.ph

COMPANY REGISTRATION AND MONITORING DEPARTMENT

Name	Position	Email	Direct Line	Office Address
Gerardo F. Del Rosario	Director	crmd_publicassistance@sec.gov.ph	8818-5811	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Eunice G. Dalisay-Salazar	Assistant Director	crmd_publicassistance@sec.gov.ph	8818-9225, 8818-5235	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Blesilda E. Arceo	Officer-in-Charge	crmd_publicassistance@sec.gov.ph	8818-2886	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Ma. Fe R. Yee	Assistant Director	crmd_publicassistance@sec.gov.ph	8818-5922	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Daniel P. Gabuyo	Assistant Director	crmd_publicassistance@sec.gov.ph	8818-8738, 8818-7895	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Erwin Edward P. Mendinueto	Assistant Director	crmd_publicassistance@sec.gov.ph	8818-2202	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209

Matters of Concern	Email Address	Phone Number
Request for Monitoring and Status of Ordinary Domestic Corporations	crmd_monitoring@sec.gov.ph	8818-2886
Request for Regular Monitoring of Foreign Corporations	cmd_foreign_monitoring@sec.gov.ph
Request for Monitoring with Amendment and Other Applications	cmd_amendment_monitoring@sec.gov.ph
Petition to Lift Order of Revocation/Suspension	cmd_petitiontolift_suspension-revocation@sec.gov.ph
Public Assistance Service of CRMD by Answering Email Queries	crmd_publicassistance@sec.gov.ph	8818-7163, 8818-0763, 8818-5554, 8818-8803
Inquiries of Pending Applications/ Submission of Supplemental Requirements for Registrant OPC (e.g., FIA Forms/ Authenticated Board Resolutions)	crmd_registration_opc@sec.gov.ph	8818-7163, 8818-0763
Inquiries on Pending Applications/ Submission of Supplemental Requirements for Registrant Corporations with Less Than Five Incorporators (e.g., FIA Forms/ Authenticated Board Resolutions)	crmd_registration_234@sec.gov.ph	8818-5554, 8818-8803
Inquiries of Pending Applications/ Submission of Supplemental Requirements for Registrant Regular Corporations (5 to 15 incorporators) (e.g., FIA Forms/ Authenticated Board Resolutions)	crmd_registration_regular@sec.gov.ph
Inquiries on Status of Issuance of Certificates of Incorporation	cprd_appointment01@sec.gov.ph	8818-5235
Application for Amendment of Articles of Incorporation other than Article VII/ Bylaws and Articles of Partnership	crmd_emer_amend1@sec.gov.ph	8818-9225, 8818-5235
Application for Amendment/ Conversion of SEC Licenses of Foreign Corporations/ Withdrawal of SEC License/ Substitution of Resident Agent	crmd_amend_foreign@sec.gov.ph
Inquiries on Status of Issuance of Certificates of Amendment of Articles of Incorporation, By-laws/ License	cprd_appointment02@sec.gov.ph
Actions (Two Party Complaints/ Petitions) such as: Petition for Revocation, Change of Name, Voluntary Dissolution not prejudicial to the interests of creditors and Other complaints that may fall within CRMD jurisdiction under 2016 Rules of Procedures	cprd_2partycomplaints-petitions@sec.gov.ph	8818-8738
Petition for Correction	cprd_petitionforcorrection@sec.gov.ph	8818-8738
Request for issuance of Certificate of Paidup capital/ Capital structure	faad_application01@sec.gov.ph	8818-5922
Petition for Cancellation or Substitution of Payment in relation to the use of properties that require Ownership Registration as Paid-up Capital (SEC Memorandum Circular No. 14, Series of 2013)	faad_petitionapplication@sec.gov.ph	8818-5922
Application of Corporate Reorganization	faad_application02@sec.gov.ph
Creation of APIC, Confirmation of Valuation and Property Dividend Application	faad_application03@sec.gov.ph
Issuance of Acknowledgment Letter for Cash Dividend and Stock Dividend	faad_application04@sec.gov.ph
Quasi Reorganization and Equity restructuring	faad_application05@sec.gov.ph
Article 7 (Increase and Decrease of Capital Stock) reclassification/ declassification/ conversion of shares and change par	faad_application06@sec.gov.ph
Monitoring for FAAD Applications	faad_monitoring@sec.gov.ph	8818-8738, 8818-0921
Registration of Capital Market Professionals through the Capital Market Participants Registry System (CMPRS)	cmprs.sec.gov.ph	8818-8738, 8818-0921
Payment of Annual Fees of Capital Market Professionals	lu_application01@sec.gov.ph
Amendments of secondary license (Additional/ Removal of Funds)	lu_application02@sec.gov.ph
Transfer Agent Renewal	lu_application02@sec.gov.ph
Request for Certificates of No Derogatory Records/ Affirmative/ Negative	cfrd_application02@sec.gov.ph	8818-8738
Request of Authenticated Copies for Government Agencies	cfrd_application01@sec.gov.ph

MARKETS AND SECURITIES REGULATION DEPARTMENT

Department/Division	Position/Title	Email	Direct Line	Office Address
Office of the Director	Director	vgpfelizmenio@sec.gov.ph	8818-5703	17/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Securities Registration Division	Assistant Director	mgfacun@sec.gov.ph	8818-7164	17/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Markets & Intermediaries Division	Division Email	msrd_covid19@sec.gov.ph	0916-240-0785	17/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Investment Products and Services Division	Assistant Director	eavalencia@sec.gov.ph	8818-6080	17/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Audit and Compliance Examination Division	Division Email		8818-7164
OASIS (Office for the Advancement of Strategic Investments in Small and Medium Enterprises)	Division Email		8818-8178

CORPORATE GOVERNANCE AND FINANCE DEPARTMENT

Department/Division	Position/Title	Email	Direct Line	Office Address
Office of the Director	Director	cgfd@sec.gov.ph	8818-6103	8/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Licensing Division	Assistant Director	cgfd_ld@sec.gov.ph	8818-5952	8/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Monitoring, Compliance and Audit Division	Assistant Director		8818-9227, 8818-5476	8/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Corporate Governance Division	Assistant Director	cgfd_cgd@sec.gov.ph	8818-7264	8/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209

Matters of Concern:

Corporate Governance
- Email: cgfd@sec.gov.ph
- Phone: 8818-7264, 5322-7696 loc. 114

Mutual Fund Companies
- Email: cgfd@sec.gov.ph
- Phone: 8818-5952, 5322-7696 loc. 114

Foundations; Accredited Microfinance NGOs
- Email: cgfd@sec.gov.ph
- Phone: 8818-9227, 8818-5476, 5322-7696 loc. 114

FINANCING AND LENDING COMPANIES DIVISION

Name	Position/Title	Email	Direct Line/Tel No.	Office Address
Kenneth Joy A. Quimio	Assistant Director	cgfd_flcd@sec.gov.ph	8818-5990, 0929-626-3095	8/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209

ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT

Name	Position/Title	Email	Direct Line	Office Address
Oliver O. Leonardo	Director	ooleonardo@sec.gov.ph	8818-6337	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Jonathan Pancracius D. Paguirigan	Assistant Director (Investigation and Prosecution)	jpdpaguirigan@sec.gov.ph	8818-6047	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Myrla B. Barribal	Assistant Director (Markets Surveillance)	8818-1898, 8818-5324	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Jonathan Pancracius D. Paguirigan	Officer-in-Charge (Special Operations)	jpdpaguirigan@sec.gov.ph	8818-7650	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Oliver O. Leonardo	Director (Anti-Money Laundering)	ooleonardo@sec.gov.ph	8818-5717	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Ela R. Xavier-Padilla	Assistant Director (International Affairs and Protocol)	erxpadilla@sec.gov.ph	8818-7650, 8818-6047	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
(Cyber and Forensics Division)			8818-6047	9/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209

Matters of Concern:

Filing or referral of complaints on alleged scams and other fraudulent activities, Cease and Desist orders, Revocation Proceedings
- Email: epd@sec.gov.ph
- Phone: 0928-152-4842, 0961-713-1472, 0951-656-5571, 8818-6337, 8818-0921

Complaints or referral of cases for investigation
- Phone: 8818-6047, 8818-1898, 8818-7650

Complaints or referral of cases involving violations of any rule of an Exchange, registered securities association, clearing agency; fraudulent transactions involving listed companies, market manipulation, insider trading in connection with the purchase or sale of securities
- Phone: 8818-1898

Special Hearing Panel
- Phone: 0928-152-4842, 8818-0921

Mandatory Disclosure Forms; Beneficial Ownership Information; Compliance with Anti-Money Laundering Act requirements; AIRDF; MTPP; Complaints or referral of cases involving solicitations by unregistered NPOs, money laundering, and terrorist financing activities
- Email: eipd-amld@sec.gov.ph
- Phone: 8818-5717 (International Affairs and Protocol Division), 8818-0921 (International Affairs and Protocol Division)

ECONOMIC RESEARCH AND TRAINING DEPARTMENT

Name	Position/Title	Email	Direct Line	Office Address
Rose Ann S. Espiritu	Director	rsespiritu@sec.gov.ph	8818-6219	10/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Violeta V. Infante	Assistant Director (Company Analytics and Statistics)	vvinfante@sec.gov.ph	8818-6117	10/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Aurea Theresa M. Laxinto	Officer-in-Charge (Strategic Management and Planning)	atmlaxinto@sec.gov.ph	8818-7238	10/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Jernel R. Macatangay	Assistant Director (Market Professionals and Investor Education)	jrmacatangay@sec.gov.ph	8818-7256	10/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Kathleen Anne F. Famadico	SEC Economist IV (Economic Research and Analysis)	ertd-erad@sec.gov.ph	8818-5527	10/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209

Matters of Concern:

Certification Examinations and Seminar
- Email: certification@sec.gov.ph
- Phone: 0998-841-3545

Top 1,000 Corporations Publication and Certification of Company Rank
- Email: casd@sec.gov.ph
- Phone: 8818-6117

INFORMATION AND COMMUNICATIONS TECHNOLOGY DEPARTMENT

Name	Position/Title	Email	Direct Line	Office Address
Oliver V. Chato	Director	ovchato@sec.gov.ph	N/A	3/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
Archivald S. Navarro	Assistant Director (Information Systems Development and Management Division)	asnavarro@sec.gov.ph	8818-6894	4/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City, 1209
N/A	N/A	sodadmin@sec.gov.ph	8818-7234, 8818-7236	3/F SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Michael R. Garcia	Assistant Director (Cyber Security and Shared Services Division)	mgarcia@sec.gov.ph	N/A	14/F SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Isma C. Gonzales	Assistant Director (Electronic Records Management Division)	icgonzales@sec.gov.ph	8818-5285	3/F SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Noel B. Ara	SEC Supervising Administrative Officer (Micrographics Unit)	nbara@sec.gov.ph	8818-5285	3/F SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209
Lorelei M. Liwanag	Public/Staff Research Unit Specialist III (Receiving Unit)	mlmliwanag@sec.gov.ph	8818-5285	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209

Matters of Concern:

Enrollment in the SEC Online Submission Tool (OST) or Electronic Filing and Submission Tool (eFAST)
- Emails: inquiry_ost1@sec.gov.ph, inquiry_ost2@sec.gov.ph
- Phone: 8818-7236, 8818-7234 (Loc. 121)

Online Submission of Annual Financial Statements (AFS), General Information Sheet (GIS), and Other Reports using the eFAST
- Phone: Loc. 122

Request for Copies of SEC Documents
- Website: secexpress.ph
- Phone: 8737-8888

HUMAN RESOURCES AND ADMINISTRATIVE DEPARTMENT

Name	Position/Title	Email	Direct Line	Office Address
Filbert Catalino F. Flores III	Director	fcffloresiii@sec.gov.ph	8818-7215	7/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Ricky M. Abundo	Assistant Director (Human Resources Management Division)	rmabundo@sec.gov.ph	8818-6071, 8818-5714	7/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Ms. Marjorie C. Dacillo	Officer-in-Charge (Learning Resource and Information Division)	mcdacillo@sec.gov.ph	8818-5994	7/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Pedro Alfonso DC. Regulto Jr.	Assistant Director (General Services Division)	padcregultojr@sec.gov.ph	8818-5516, 8818-1269	7/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Vhincent G. Cañares	Assistant Director (Procurement Division)	vgcanares@sec.gov.ph	8818-5330	7/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
N/A	N/A	N/A	8818-5326	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209

Matters of Concern:

Medical/Dental Clinic
- Phone: 8818-5326
- Address: The Securities and Exchange Commission Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209

FINANCIAL MANAGEMENT DEPARTMENT

Name	Position/Title	Email	Direct Line	Office Address
Dondie Q. Esguerra	Director	dqesguerra@sec.gov.ph	8818-6585	G/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Lester V. Dela Merced	Assistant Director (Budget and Fiscal Division)	lvdelamerced@sec.gov.ph	8818-5517	G/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Ma. Alisa A. Jumangit	Assistant Director (Accounting Division)	maajumangit@sec.gov.ph	8818-6101, 8818-6058	G/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
Daisy B. Pabuaya	Assistant Director (Treasury Division)	dbpabuaya@sec.gov.ph	8818-5549, 8818-5825	G/F SEC Headquarters, 7907 Makati Avenue, Bel-Air, Makati City 1209
N/A	Cashier	N/A	8818-5825	The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Bel-Air, Makati City, 1209

Matters of Concern:

Payment of Filing Fees
- Email: mjsdominguez@sec.gov.ph, nhleysa@sec.gov.ph, cabrown@sec.gov.ph
- Phone: 0907-051-3628, 0915-486-2153, 8818-5549

EXTENSION OFFICES

City	Director	Email	Tel. No./Fax No.	Office Address
Baguio City	Regina May M. Cajucom – De Guzman	rmmcajucom@sec.gov.ph	(074)309-5804	3/F Newtown Square, Navy Base Road, Baguio City
Tarlac City	Richard R. Laus	secteo@sec.gov.ph	0926-902-2405	2nd Flr., Legislative Building, Tarlac City Hall, Tarlac City
Legazpi City	Norma A. Tan-Olaya	secbicol@sec.gov.ph	0929-883-1917	2nd Floor RDC Primeland Bldg., 1 Landco Business Park, Brgy. Capantawan, Legazpi City
Tacloban City	Atty. Desiree P. Cuenco	taceo@sec.gov.ph	0998-841-2009	2nd Floor, NEDA Building, NEDA Regional Office VIII, Candahug, Palo, Leyte 6501
Iloilo City	Ma. Cristina T. Montelibano	mctmontelibano@sec.gov.ph	(033)335-0025	SEC Bldg. Gen. Hughes St. Iloilo City
Bacolod City	Annabelle Corral-Respall	acrespall@sec.gov.ph	(034)445-5713	Unit 10 & 11 Redkey Building corner Hernaez & Jocson Streets, Taculing, Bacolod City
Cebu City	Sheara L. Lupango-Tamayo	sltamayo@sec.gov.ph	0967-364-6517	12th Floor, AppleOne – Equicom Tower, Mindanao Ave. Cor. Biliran St., Cebu Business Park, Cebu City
Cagayan de Oro City	Frederick A. Enopia	faenopia@sec.gov.ph	(088)857-7225	SEC Bldg. Corner 14th and Tomasaco Del Lara Sts. Cagayan de Oro City
Davao City	Katrina Jamilla Ponco-Estares	secdavao@gmail.com	0933-455-3547	2F SDC Bldg., Ma-a Road, Brgy. Maa, Davao City
Zamboanga City	Jesus Salvador A. Uro	jsauro@sec.gov.ph	(062)-991-7163	SEC Bldg., San Jose Panigayan St. Zamboanga City

Matters of Concern:

SEC Baguio
- Email: secbaguio@sec.gov.ph
- Phone: 0997-235-5975, 0939-325-3657, (074) 309-5804

SEC Tarlac
- New Registration/Increase in Capital: secteo@sec.gov.ph, 0926-902-2405
- Amendments: 0931-791-4841
- Monitoring: 0981-311-0225
- e-FAST & Other Inquiries: 0950-029-5715

SEC Legazpi
- Email: secbicol@sec.gov.ph
- Phone: 0929-883-1917, 0995-944-2701

SEC Cebu
- Email: seccebu@sec.gov.ph
- Phone: 0967-364-6517, 0969-211-9012, 0928-828-3287

SEC Bacolod
- Phone: (034) 445-5713, (034) 445-5714, 0961-603-5772, 0905-568-8256

SEC Iloilo
- Email: sec_iloilo@sec.gov.ph
- Phone: (033) 337-9984, (033) 335-0025

SEC Cagayan de Oro
- Email: sec-cdoeo@sec.gov.ph
- Phone: (088) 857-7225, (088) 327-0517

SEC Davao
- Email: secdavao@gmail.com
- Phone: 0915-327-4459, 0933-455-3547

SEC Zamboanga
- Email: reports_zeo@sec.gov.ph
- Phone: (062) 991-7163, (062) 993-1437, 0945-342-6553

Conclusion:

In conclusion, the Securities and Exchange Commission plays a pivotal role in overseeing and regulating the financial markets and securities industry in the Philippines.

Through its various divisions and offices, the Securities and Exchange Commission diligently monitors and enforces compliance with regulatory frameworks, ensuring the integrity and transparency of corporate activities.

The commission serves as a guardian of investor interests, fostering a fair and efficient market environment.

The commitment of the Securities and Exchange Commission to maintain market integrity is evident in its multifaceted approach, encompassing the registration of corporations, monitoring of compliance, investigation and prosecution of fraudulent activities, and the continuous enhancement of information systems for more streamlined processes.

Moreover, its regional offices extend the reach of regulatory oversight, promoting financial stability and investor protection across different areas of the country.

The Securities and Exchange Commission efforts in promoting corporate governance, disclosure, and ethical business practices contribute significantly to the overall economic health of the Philippines.

As the financial landscape evolves, the Securities and Exchange Commission remains adaptive, embracing technological advancements and international best practices to stay at the forefront of regulatory excellence.

Disclaimer:

The Philippine Go does not collect fees and is not a hiring agency, nor is it related to any hiring agency for employment abroad.

All information contained here is solely for informational purposes and rightfully belongs to its rightful owner.

Attached in the last section of the content are references for further verification, if needed. Read more

Reference:

1. Securities and Exchange Commission (Philippines). (n.d.). Securities and Exchange Commission (Philippines) – Wikipedia. Retrieved from [https://en.wikipedia.org/wiki/Securities_and_Exchange_Commission_(Philippines)]

2. Securities and Exchange Commission. (n.d.). Power and Functions. Retrieved from [https://www.sec.gov.ph/about-us/power-and-functions/]

3. Securities and Exchange Commission. (n.d.). Mandate, Mission, Values, and Vision. Retrieved from [https://www.sec.gov.ph/about-us/mandate-mission-values-and-vision-2/]

4. Securities and Exchange Commission. (n.d.). Organizational Setup. Retrieved from [https://www.sec.gov.ph/about-us/organizational-setup/]

5. Securities and Exchange Commission. (n.d.). SEC Quality Policy Statement. Retrieved from [https://www.sec.gov.ph/about-us/sec-quality-policy-statement/]

6. Securities and Exchange Commission. (n.d.). Departments and Offices. Retrieved from [https://www.sec.gov.ph/about-us/departments-and-offices/]

7. Securities and Exchange Commission. (n.d.). Contact Us. Retrieved from [https://www.sec.gov.ph/contact-us/ ]