The Philippine Securities and Exchange Commission (SEC) has signed a memorandum of agreement with the Department of Trade and Industry (DTI) to streamline business registration by enabling secure, faster inter-agency access to corporate records via the SEC’s Swift Corporate and Other Records Exchange (SCORE) Protocol. Under the arrangement, the SEC will give the DTI access to relevant corporate documents, including articles of incorporation, general information sheets, and annual financial statements, to support the DTI’s mandate in regulating business transactions of sole proprietorships. In return, the DTI will provide the SEC access to its business entity name or trademark registry through an application programming interface (API) connected to the Business Entity Name Registration System (BNRS), supporting a more comprehensive name verification process intended to prevent registration of identical or confusingly similar names. The agreement marks the SEC’s second SCORE Protocol collaboration, following a July 2024 arrangement with the Bureau of Internal Revenue.
Philippine Securities and Exchange Commission 2025-03-24
Philippine Securities and Exchange Commission signs data sharing agreement with Department of Trade and Industry to streamline MSME business registration through the SCORE Protocol
The Philippine SEC and DTI have signed an agreement to streamline business registration via the SEC’s SCORE Protocol. This collaboration allows secure inter-agency access to corporate records and business name verification, enhancing regulatory efficiency. This is the SEC's second SCORE Protocol collaboration, following a previous agreement with the Bureau of Internal Revenue.