Regulatory Alerts2024-07-10
SEC Memorandum Circular No. 10, Series of 2024: Electronic SEC Universal Registration Environment (eSECURE)
The Securities and Exchange Commission of the Philippines issued this circular to establish the Electronic SEC Universal Registration Environment (eSECURE), a digital credentialing system designed to streamline corporate registration and online transactions. The guidelines mandate the use of electronic Know Your Customer (eKYC) procedures for user verification and authorize the SEC Electronic Submission Authentication Portal (eSAP) to digitally authenticate documents, thereby eliminating the requirement for wet signatures and notarization. The document outlines specific account creation steps, credentialing fees, validity periods, and the integration of various SEC online services into this unified digital platform.
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