The Philippines’ securities regulator, worried about potential “massive crises” from cybercrimes, is seeking feedback on new draft rules requiring regulated entities in the capital markets, including dealers, brokers, exchanges and clearing houses, to establish their own cybersecurity frameworks. They will also have to create a management information securities group led by a chief information security officer who will be responsible for formulating and enforcing an enterprise-wide information security policy, the Philippines Securities and Exchange Commission (SEC) says in a notice published on its website. They will also be required to implement policies and procedures to protect clients’ personal information, and to notify them in case of breach.