𝗦𝗘𝗖 𝗶𝗻𝗸𝘀 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘄𝗶𝘁𝗵 𝗕𝗦𝗣, 𝗣𝗦𝗔 𝘁𝗼 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝗙𝗗𝗜 𝗱𝗮𝘁𝗮 𝗰𝗼𝗺𝗽𝗶𝗹𝗮𝘁𝗶𝗼𝗻

As seen on SEC’s official Facebook page – The Securities and Exchange Commission (SEC) has partnered with the Bangko Sentral ng Pilipinas (BSP) and the Philippine Statistics Authority (PSA) for the sharing of corporate data to improve the measurement of foreign direct investments (FDI) in the country.

SEC Chairperson Francis Lim, BSP Deputy Governor Zeno Ronald N. Abenoja, and PSA Undersecretary Claire Dennis S. Mapa formally signed the memorandum of agreement (MOA) on FDI data sharing on July 20 at the BSP Complex in Manila.

The MOA seeks to establish a framework for collaboration and data sharing on FDI compilation, aligned with international standards that integrate both bank-reported and enterprise-sourced data. It also seeks to address the potential underreporting of FDI data in the country.

“Data must become insight. Insight must drive better policy. Better policy must translate into greater investor confidence, more investments, more jobs, and stronger economic growth…May this partnership remind us that when institutions work as one, we make better decisions, build greater trust, and create more opportunities for every Filipino,” Chairperson Lim said.

Under the MOA, the SEC will provide the PSA and BSP with corporate data and documents, including audited financial statements, general information sheets and articles of partnership of companies.

Corporate data will be transmitted periodically through a central repository managed by the PSA. SEC will also provide access to the SEC Application Program Interface (API) endpoints for retrieving specific data of companies covered by the agreement.

Corporate documents will be provided through the Swift Corporate and Other Records Exchange Protocol, or the SEC SCORE Protocol, the Commission’s online platform that facilitates the request and provision of corporate documents between the SEC and other government agencies.

Read the full press release: https://www.sec.gov.ph/…/sec-inks-partnership-with…/…