The Philippine Securities and Exchange Commission published a set of operational priorities aligned with President Ferdinand R. Marcos Jr.’s directive to make the capital market more efficient following the 1 July effectivity of Republic Act No. 12214, the Capital Markets Efficiency Promotion Act. The SEC committed to streamline procedures, reduce transaction costs, and promote transparency and good governance across the corporate sector and capital market. As near-term measures, the SEC opened a Public Assistance and Complaints Desk at its Makati headquarters to handle on-site inquiries, feedback and complaints in line with Anti-Red Tape Authority standards, and directed all departments to prioritise resolving pending applications and requests within legally mandated timeframes while removing unnecessary steps and requirements. On fees, it issued Memorandum Circular No. 6, Series of 2025, cutting by 50% the rates for IT-related services for commonly requested documents, allowing plain digital copies to be requested for as low as PHP 375 per document versus the prior PHP 750. The SEC also signalled continued investment in technology to improve systems, accessibility and operational efficiency, and called on capital market participants to collaborate on reforms aimed at boosting market competitiveness.
Philippine Securities and Exchange Commission 2025-07-04
Philippine Securities and Exchange Commission commits to streamline processes and halve document fees as the Capital Markets Efficiency Promotion Act takes effect
The Philippine Securities and Exchange Commission outlined priorities to enhance capital market efficiency after the Capital Markets Efficiency Promotion Act. Key initiatives include streamlining procedures, reducing transaction costs, promoting transparency, and a 50% fee reduction for IT services. The SEC also emphasized technology investments and collaboration with market participants to improve competitiveness.