What is the purpose of the fund created by the SEC’s collection of fees, fines, and other charges?
The SEC is authorized to collect, retain, and use fees, fines, and other charges pursuant to the Code for the purpose of a more effective implementation of this Code (SEC. 175, Revised Corporation Code of the Philippines). The amount collected is deposited and maintained in a separate account, which shall form a fund for its modernization. This fund is specifically designated to augment the SEC’s operational expenses, including capital outlay, increased compensation and benefits for employees, and employee career advancement and professionalization. This funding mechanism aims to enhance the SEC’s regulatory capacity and efficiency.
02 November 2025
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Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
