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MANILA - The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms under the Duterte administration to further improve the ease of doing business in the country and spur the growth of domestic enterprises through initiatives that allow companies to register, file their reportorial requirements, and pay transaction fees online. In a report to Finance Secretary Carlos Dominguez III, SEC chairman Emilio Aquino said among the commission's latest digital transformation initiatives are the Electronic Simplified Processing of Application for Registration of Company (eSPARC) that was launched last April and has so far processed 26,875 applications of business registration online. Such online applications are completed in just one day and as fast as less than two minutes under eSPARC, he said. Aquino said the fastest time recorded for processing an eSPARC application after the payment of the registration fee had been made was one minute, 1

Emil aquinoEmilio aquinoInvestor education divisionInternational affairs officeOffice for the advancement of strategic investmentsCompanies onePhilfintech innovation officeExchange commissionRegistration of companyCorporate communicationsDepartment of financeForensics divisionFinance secretary carlos dominguezElectronic simplified processingOne day submissionDigital certificate