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SEC speeds up digitalization to improve ease of doing business

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 Aquino , Emilio Aquino , Investor Education Division , International Affairs Office , Office For The Advancement Of Strategic Investments , Companies One , Philfintech Innovation Office , Exchange Commission , Registration Of Company , Corporate Communications , Department Of Finance , Forensics Division , Finance Secretary Carlos Dominguez , Electronic Simplified Processing , One Day Submission , Digital Certificate , Electronic System , Electronic Filing , Submission System , Strategic Investments , Compliance Examination , Audit Unit , Risk Mitigation Unit , Investor Education , Manila The Securities And Exchange Commission Sec Has Accelerated Implementation Of Its Digitalization Reforms Under Duterte Administration To Further Improve Ease Doing Business In Country Spur Growth Domestic Enterprises Through Initiatives That Allow Companies Register , Ile Their Reportorial Requirements ,