The PhiliFintech Innovation Office (PIO), under the SEC’s Corporate Governance and Finance Department (CGFD), will focus on the regulation of the use of fintech, or financial technology, in the Philippines.
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation to operate as a lending company after it engaged in unfair debt collection practices.
The Securities and Exchange Commission (SEC) said it will revoke the licenses of lending and financing companies that continue to fail to register and disclose their online lending platforms (OLP).
The Electronic Simplified Processing of Application for Registration of Company (eSPARC) is expected to facilitate faster and easier registration of corporations in the country.
The Securities and Exchange Commission (SEC) said it will allow corporations enrolled in the newly launched Online Submission Tool (OST) to submit electronically signed annual financial statements (AFS) while Metro Manila and nearby provinces remain under enhanced community quarantine.
The Securities and Exchange Commission (SEC) said it will migrate by April 19 to a new company registration portal called the electronic simplified processing of application for registration of company (eSPARC).
The Securities and Exchange Commission (SEC) has launched its online submission tool (OST) for annual financial statements (AFS), general information sheet (GIS), and other annual reports.
The newly developed SEC Payment Portal is a Web-based system that also allows for the payment of fees and penalties online using debit and credit cards, digital wallets, and other cashless payment options.
The framework, which will cover all financial institutions performing multiple regulated activities using a single application platform, aims to facilitate seamless regulation and supervision of fintech companies.
The SEC said it will no longer accept submissions made through email, mail or courier, and provide drop boxes in its offices once the online submission tool (OST) goes live.
