SEC chair Emilio Aquino said the agency is currently crafting new guidelines that will allow online lending and financing companies to better address the needs of borrowers and plug loopholes that give rise to abusive and predatory practices.
The Securities and Exchange Commission (SEC) has launched a new feature in its online company registration system that will allow applicants to complete the process in one day.
Kelvin Lester K. Lee, supervising commissioner of the SEC’s Philifintech Innovation Office (PIO), said regulators have a crucial role in managing the benefits and risks associated with fintech.
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.
