SEC’s international affairs unitBy KELVIN LESTER LEEhome/Business/Business Columns/SEC’s international affairs unitThe Securities and Exchange Commission (SEC) has been mandated to promote the establishment of business and the growth of the capital market in the Philippines. As “international cooperation” has become a byword between securities commissions, an international affairs unit (IAU) under the Enforcement and Investor Protection Department (EIPD) has been created to keep the SEC abreast of international matters relating to its mandate. The IAU shall also pool the on-going international projects and initiatives of the SEC to garner a holistic perspective and appreciation of the SEC’s role in the global community. The IAU will focus on maintaining the SEC’s professional international relations with its counterpart securities commissions and other international organizations as well as attaining memberships to international groups or agreements necessary for the SEC’s inclusion in regional and global economic initiatives. Hence, regional and international cooperation is a key factor in managing economic matters in the international arena.

Source: Manila Times April 16, 2019 16:18 UTC