Republic of the Philippines - Stamps & Postal History

RP Issues of 2016

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2016, November 11.   Securities and Exchange Commission (SEC) - 80th Anniversary

Litho Offset, Amstar Company, Inc.,  Perf 14

Singles,  Sheets of  40

                    

 

 

12p  SEC Old & New Corporate Logos - Singles  (101,000) 

 

Designer:  Victorino Z. Serevo

 

First Day Covers:  Manila

    

    

              


Securities & Exchange Commission (SEC) - 80th Anniversary

The Securities and Exchange Commission (SEC) is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, the securities and investment instruments market, and the investing public.

Created on October 26, 1936 by Commonwealth Act (CA) 83 also known as The Securities Act, the Commission was tasked to regulate the sale and registration of securities, exchanges, brokers, dealers and salesmen. Subsequent laws were enacted to encourage investments and more active public participation in the affairs of private corporations and enterprises, and to broaden the Commissionís mandates. Recently enacted laws gave greater focus on the Commissionís role to develop and regulate the corporate and capital market toward good corporate governance, protection of investors, widest participation of ownership and democratization of wealth.

SEC is the registrar and overseer of the Philippine corporate sector; it supervises more than 500,000 active corporations and evaluates the financial statements (FS) filed by all corporations registered with it. SEC also develops and regulates the capital market, a crucial component of the Philippine financial system and economy. As it carries out its mandate, SEC contributes significantly to government revenues.

With the growing number of corporations and other forms of associations that SEC supervises and monitors, and given the evolving nature of transactions where the corporate vehicle is being used to defraud the investing public, as well as the ever dynamic character of the capital market, SEC must progressively perform its critical role as the prudent registrar and supervisor of the corporate sector and the independent guardian of the capital market.

 

TOPICAL CATEGORIES

 

  • Government Institutions

 

 

Articles by Dr. Ngo Tiong Tak

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Issues of 2016