SEC Philippines Launches 9 Digital Systems

The SEC Philippines has launched a total of nine digital systems that have made its services more accessible to the public.

​From 2020 to 2022, the SEC successfully brought its core initiatives online, primarily the Electronic Simplified Processing of Application for Registration of Companies (eSPARC), and its subsystem, the One Day Submission and Electronic Registration of Companies (OneSEC).

The launch of eSPARC led to a 53.2% increase in the number of new business registrations in 2021, despite the pandemic. The SEC also saw a record time of one minute and 14 seconds for company registration under OneSEC.

Meanwhile, the Commission facilitated compliance with reportorial requirements through the Electronic Filing and Submission Tool (eFAST).

In 2023, the SEC further deepened its digitalization efforts with five new advanced systems, namely: the Electronic SEC Universal Registration Environment (eSECURE), SEC CheckApp 2.0, Electronic SEC Education, Analysis, Research Computing Hub (eSEARCH), SEC API Marketplace, and the Electronic Registration Application for Market Participants (eRAMP).

eSECURE is a company’s passport to the online services of the SEC, allowing users to manage their SEC accounts and online transactions in one place, while ensuring safe and secure transactions.

The SEC Check App is the official mobile application of the Commission for public information dissemination and access to online and interactive services.

eSEARCH is the main eCommerce service channel of the Commission for the transacting public’s purchase and download of submitted documents to the SEC, while the SEC API Marketplace enables the SEC to provide company profile information, financial information, and other data to clients and stakeholders through application to-application communication.