The Securities and Exchange Commission vowed to continue advancing reforms and programs that will enable the growth of the capital market and the broader corporate sector under the new administration.
“I commend the men and women of the SEC, led by Chairman Emilio B. Aquino, for the courage, commitment, and innovativeness you demonstrated through the length of the public health emergency. You sustained your regulatory role and inspired confidence in our market. The Commission plays an important role in our nation’s strong recovery,” said Dominguez.
Investments in mutual funds likewise steadily increased, reaching P444.08 billion in 2021 from P294.7 billion in 2017. The SEC’s digital transformation includes the launch of the Electronic Simplified Processing of Application for Registration of Companies and its subsystem, the One Day Submission and Electronic Registration of Companies; the Electronic Filing and Submission Tool ; and the Electronic System for Payments to the SEC .
Prior to the pandemic, the Commission was able to institute key reforms that allowed the further development of the corporate sector under the Duterte administration.
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