SEC’S MANDATE
the cities of Baguio, Legaspi, Iloilo, Cebu, Cagayan de Oro,
The Securities and Exchange Commission (SEC) is the
government agency mandated to implement the
following laws:
1. Securities Regulation Code (RA 8799)
2. Corporation Code of the Philippines (BP 68)
3. PD 902-A as amended (except for sections
repealed by RA 8799)
4. Investment Houses Law (PD 129 as amended by
RA 8366)
5. Investment Company Act (RA 2629)
6. Financing Company Act (RA 5980 as amended by
RA 8556)
7. Credit Information System Act (RA 950)
SEC is also involved in the enforcement of:
1. Securitization Act of 2004 (RA 9267)
2. Special Purpose Vehicle (RA 9182)
3. Anti-Money Laundering Law (RA 9160 as
amended by RA 9194)
4. Retail Trade Liberalization Act of 2000 (RA 8762)
5. Civil Code (specifically, the provisions on
partnerships)
6. Omnibus Investments Code (E.O. 226, Book III)
7. Foreign Investments Company Act (RA 7042)
8. Education Act of 1982 (BP 232 as amended by RA
7798)
9. Anti-Dummy Law (CA 108)
10. Personal Equity and Retirement Account Act (RA
9505)
Guided by the state policy expressed in Sec. 2 of R. A.
8799, also known as the Securities Regulation Code
(SRC);
“The State shall establish a socially conscious, free market
that regulates itself, encourage the widest participation of
ownership in enterprises, enhance the democratization of
wealth, promote the development of the capital market,
protect investors, ensure full and fair disclosure about
securities, minimize if not totally eliminate insider trading and
other fraudulent or manipulative devices and practices which
create distortions in the free market.”
SEC’s mission and vision read: The SEC moreover, has seven (7) extension offices in
VISION Davao and Zamboanga. The extension offices facilitate the
requirements of the investing public from these cities and
.By December 31, 2011, the Commission shall have surrounding areas.
enhanced the moral fiber of its human resources and the The specific functions of the departments, special offices
capabilities of its operational infrastructure to enable it to and extension offices are described below:
effectively and efficiently accomplish its mandate.
MISSION CORE FUNCTION I
CAPITAL MARKET DEVELOPMENT AND REGULATION
To strengthen the corporate capital market infrastructure in Market Regulation Department (MRD)
the Philippines, and to maintain a regulatory system, based on ƒ Responsible for developing the registration criteria for
international best standards and practices, that promotes the all market participants; ensuring compliance with
interests of investors in a free, fair and competitive business registration requirements; and, monitoring compliance
environment. We shall be guided in this mission by the values with the SRC.
of Integrity, Professionalism, Accountability, Independence and
Initiative. Corporation Finance Department (CFD)
ƒ Responsible for registering securities prior to offer or
VALUES sale to the public; ensuring that adequate information
is available about said securities to investors; and,
Integrity - We are morally upright, honest and
monitoring compliance by issuers with the SRC.
sincere in our private and public lives.
Non-Traditional Securities and Instruments
Professionalism - We consistently implement the law,
provide timely, efficient and competent Department (NTD)
service to the public. ƒ Responsible for the registration and licensing of non-
traditional securities and instruments including but not
Accountability - We abide by prescribed ethical and limited to pre-need plans, commodity futures contracts,
work standards in government service. proprietary or non-proprietary membership certificates
and other similar instruments; and, monitoring of
Independence - We act without fear or favor, and render
compliance of entities engaged therein, with related
sound judgment in the performance of
our duties and responsibilities. laws, rules, and regulations.
Initiative - We are strategic and forward looking in
the fulfillment of our developmental and
regulatory functions.
.
DEPARTMENTS, SPECIAL OFFICES AND EXTENSION
OFFICES
The four core functions are distributed among the eight (8)
operational departments of the SEC. In addition, there are two
(2) special offices, the Office of the General Counsel and the
Office of the General Accountant, which provide advisory
services to the Commission, in law and accounting principles
and practices.
 CORE FUNCTION II
COMPANY REGISTRATION
Company Registration and Monitoring Department
(CRMD)
ƒ Responsible for the registration of domestic
corporations and partnerships under the
Corporation Code and related laws, foreign entities
doing business in the Philippines under the
Foreign Investments Act of 1991 and multinational
companies establishing regional headquarters and
regional operating headquarters in the Philippines
under Book III of the Omnibus Investments Code
of 1987; and, monitoring compliance with the
aforesaid laws.
CORE FUNCTION III
ENFORCEMENT
Compliance and Enforcement Department (CED)
ƒ Responsible for ensuring the compliance of all
market participants, issuers and individuals with
Philippine regulations and governing legislation;
and, taking appropriate action against all violators
of the Code and other relevant laws, rules and
regulations implemented by the Commission.
CORE FUNCTION IV
SUPPORT SERVICES
Financial Management Department (FMD)
ƒ Provides services for budget, fiscal, accounting
and treasury functions.
Human Resource and Administrative Department
(HRAD)
ƒ Oversees all human resource and administrative
support functions for the SEC and activities related
to employment policies and practices, ensures
SEC compliance with all Philippine labor laws; and,
interacts with related government agencies as
necessary in establishing policies and practices
and addressing employee grievances.
REPUBLIC OF THE PHILIPPINES
SECURITIES AND EXCHANGE COMMISSION
Economic Research and Information Department (ERID)
ƒ Serves as technical lead for the Commission in software
development, hardware acquisition and utilization,
maintenance of communications network; handles public
affairs, investment research, investor education and
public assistance; provides corporate planning and
monitoring services; and, coordination of development
assistance.
THE SPECIAL OFFICES
Office of the General Counsel (OGC)
ƒ Provides expert legal advice to the Commission; assists A CITIZEN’S MANUAL ON
in the preparation of the Commission’s legislative
agenda; acts as the Commission’s liaison with Congress;
and, ensures that rulings and opinions of the OUR MANDATE
Commission are consistent with Philippine laws and
jurisprudence. AND
Office of the General Accountant (OGA) FUNCTIONS
ƒ Acts primarily as an expert resource to the Commission
in the area of promoting the adoption of international
accounting standards to enhance the transparency of the (PAMPHLETÃ NO. 1)
Philippine capital market.
SEC Building, EDSA, Greenhills
THE EXTENSION OFFICES
Mandaluyong City
Tel. Nos. 584-0923 - 24
Support the Commission’s enforcement and regulatory
responsibilities and goals; perform enforcement
http://www.sec.gov.ph
investigations/ inspections in coordination with Compliance
and Enforcement Department; and, support the work of
Company Registration and Monitoring Department
Investors Information Assistance & Publications Division
Economic Research and Information Department
• Pursuant to R.A. 6713 and Memorandum Circular 35 s. 2003 issued by the President on 17 March 2003,
the SEC disseminates different pamphlets that give information about its mandate and functions,
registration and reportorial requirements, fees and charges, and other relevant topics for the guidance of
investors and the general public.
 Uuu

THE SEC OFFICIALS*

DIRECT
DEPARTMENT/NAME LINE EXT FAX HRAD
Dir. Marilyn P. Lim 584-6165 236 584-5293
CHAIRPERSON
584-5343 286 584-5498 mplim@sec.gov.ph
Hon. Teresita J. Herbosa
584-5767 205 ERID
229 Dir. Virgilio V. Salentes, DBA 584-6220 235 584-5526
COMMISSIONERS vvsalentes@sec.gov.ph
584-6896 204 584-6434
Hon. Ma. Juanita E. Cueto 584-8320 268

Hon. Raul J. Palabrica 584-5008 206 584-5539

EXTENSION OFFICES DIRECT
239 FAX ADDRESS
LINE
Hon. Manuel Huberto B. Gaite 584-8142 202 584-6159 BAGUIO CITY (074) (074) Baguio Convention Center,
584-6769 290 Dir. Annie G. Tesorio 442-8170 442-8756 Baguio City
442-8171
LEGAZPI CITY (052) SEC Bldg, 2/F, Chiniel
Hon. Eladio M. Jala 584-6158 203 584-5358 Dir. Marylou Duka-Castillo 480-8272 (Avon) Bldg., Rizal St.
584-6857 246 820-3095 Albay District, Legaspi City
OGC ILOILO CITY (033) (033) SEC Bldg., Gen. Hughes
General Counsel 584-5348 207 584-8459 Dir. Russell I. Ildesa 337-9984 337-2557 St. Iloilo City
Atty. Camilo S. Correa 584-5418 216 335-0025
cscorrea@sec.gov.ph 584-8260 290 CEBU CITY (032) (032) SEC Bldg., V. Rama Ave.
OGA Acting Lindeza R. Gavino 253-5337 255-2874 Guadalupe, Cebu City
General Accountant 584-9763 285 584-6120 253-6987
Atty. Ma.Gracia F. Casals-Diaz, 253-7221
mgfcasals@sec.gov.ph DAVAO CITY (082) (082) SEC Bldg., Luisa Drive cor.
Commission Secretary Dir. Javey Paul D. Francisco 298-2170 255-2874 University Ave., Juna
584-8141 209 584-6367 298-1893 Subd. Matina, Davao City
Atty. C.A. Gerard Lukban 298-1894
MRD
Dir. Jose P. Aquino 584-5703 223 584-5593 CAGAYAN DE ORO CITY (08822) (08822) SEC Bldg., 14th St.
jose.aquino@sec.gov.ph Dir. Renato V. Egypto 857-4325 726-948 Tomasaco Del Lara St.
(088) Cagayan de Oro City
CFD
584-6103 227 584-5990 857-4325
Dir. Justina F. Callangan 857-2490
justina.callangan@sec.gov ph ZAMBOANGA CITY (062) (062) SEC Bldg., San Jose
NTD 584-6058 208 584-6477 Dir. Marcos G. Florendo Jr. 991-7163 991-2689 Panigayan St.
Dir. Graciano P. Felizmenio Jr. 273 993-1437 Zamboanga City
gpfelizmenio@sec.gov.ph •
As of 15 September 2011
CRMD
Dir. Benito A. Cataran 584-5811 212 584-5319
benito.cataran@sec.gov.ph
EPD
Atty. Leila T. Laureta-Agustin 584-6337 280 584-9709
Officer-in-Charge
FMD
Dir. Adelaida C. Navarro- 584-6585 234 584-7257
Banaria
aida.banaria@sec.gov.ph