The eSECURE Platform, launched by the Securities and Exchange Commission (SEC) of the Philippines, is a comprehensive digital solution designed to streamline the management of SEC accounts and facilitate secure online transactions.
This platform integrates multiple SEC services into one user-friendly environment, significantly enhancing both security and efficiency.
Target beneficiaries include business owners, market participants, and other stakeholders who require reliable access to the Commission’s services.
Users can expect robust identity verification through the electronic Know-Your-Customer (eKYC) process, access to a variety of integrated online services, and enhanced monitoring and compliance measures to protect against fraud and unauthorized access.
Introduction to the eSECURE Platform
The eSECURE Platform, launched by the Securities and Exchange Commission (SEC) of the Philippines, offers a streamlined digital environment for managing SEC accounts and conducting online transactions.
This platform combines various services of the Commission into one accessible place, enhancing security and efficiency for users.
Key Features of the eSECURE Platform
Electronic Know-Your-Customer (eKYC) and Credentialing
Creating an account on the eSECURE platform requires users to undergo an eKYC process, which verifies their identity and establishes a secure online presence with the SEC.
Users must provide government-issued ID documents and complete a credentialing process, which may include courier-based visits and remote biometric capture.
There are fees associated with this credentialing process.
Integrated Online Services
Once an account is set up, users can access a range of SEC online services, such as:
- Electronic Simplified Processing of Application for Company Registration (eSPARC)
This service simplifies the process of registering a new company with the SEC, allowing users to complete and submit their applications online.
- Electronic Application for Modification of Entity Data (eAMEND)
eAMEND enables users to make changes to their registered entity information, such as updating company details, directors, and addresses, through a streamlined online process.
- Electronic Filing and Submission Tool (eFAST)
eFAST allows users to electronically file and submit required documents, reports, and compliance forms to the SEC, ensuring timely and accurate submissions.
- Electronic SEC Education, Analysis, and Research Computing Hub (eSEARCH)
eSEARCH provides access to educational resources, analytical tools, and research materials, helping users stay informed and make data-driven decisions.
- Electronic Registration Application for Market Participants (eRAMP)
eRAMP facilitates the registration of market participants, such as brokers and dealers, ensuring that all necessary information and documentation are provided to the SEC.
- SEC API Marketplace
The API Marketplace offers a collection of APIs that developers can use to integrate SEC data and services into their own applications, enhancing functionality and access to information.
- Automated Certification and Examination System (ACES)
ACES automates the certification and examination processes, allowing users to complete necessary assessments and obtain certifications online, reducing the need for in-person interactions.
- Appointment System
The appointment system enables users to schedule meetings and consultations with the Commission’s officials, ensuring efficient and organized interactions for various inquiries and services.
Digital Certificate and Security
After completing the credentialing process, users are issued a digital certificate, which helps protect their personal information and ensures secure online interactions.
Note: The SEC can cancel any account found violating the terms of service, maintaining a secure environment.
Benefits of Using the eSECURE Platform
Enhanced Security and Identity Verification
The eKYC process ensures that only verified users can access the Commission services, reducing the risk of unauthorized access and enhancing transaction security.
Digital certificates further protect users’ information, ensuring safe online interactions with the SEC.
Centralized Access to Services
The platform offers a single point of access to various SEC services, simplifying processes such as company registration, data modification, and educational resources.
This centralized access improves efficiency and user experience.
Improved Monitoring and Compliance
By consolidating all SEC services on one platform, the Commission can better monitor transactions and detect suspicious activities, such as investment scams or money laundering.
This enhances the financial integrity and accountability of the capital market.
Accessing eSECURE
The eSECURE platform can be accessed via the SEC website (www.sec.gov.ph) under the “Online Services” category.
Clicking the provided link redirects users to the eSECURE portal for registration and login.
Registration for Local and Foreign Residents
Local residents must enter their email address and mobile number, verify the OTP sent via email and SMS, and fill out the registration form.
Foreign residents follow a similar process but are required to enter a valid email address and fill out additional location information.
Both local and foreign residents need to agree to the Privacy Policy before creating their account.
Step-by-Step Guide to Creating an eSECURE Account
- Enter email address and mobile number.
- Click the “Next” button.
- Enter the One-Time Password (OTP) sent via email and SMS.
- Click the “Next” button again.
- Fill out the eSECURE form.
- Agree to the Terms of Service and Privacy Policy.
- Click the “Create Account” button.
Verification and Payment Process
After logging into eSECURE, users must select the credentialing menu and follow the verification steps, which include:
- Clicking “Verify Credentialing.”
- Confirming payment details and selecting a payment method.
- Uploading government-issued IDs and taking a live photo.
A confirmation message will appear once the verification process is successful.
Credentialing Process
The credentialing service ensures the authenticity and security of your online identity.
During the eKYC process, personal information and a live photo are collected.
Accepted Government-Issued IDs
- Driver’s license
- PhilHealth ID
- Philsys ID
- Postal ID
- Passport
- SSS ID
- Unified Multi-Purpose ID (UMID)
- Voter’s ID
Fees for Credentialing
- Initial credentialing process: ₱400
- Updating information: ₱100
- Credential renewal: ₱250
Digital Certificates
A digital certificate is issued to users who complete the credentialing process, ensuring secure online interactions and protecting personal information. This service will be available soon.
Recent Updates
Digital Schemes for Corporate Registration and Agriculture Investments in the Philippines
President Ferdinand R. Marcos, Jr. has unveiled a range of digital services to enhance corporate registration and monitoring nationwide, alongside a capital market scheme to boost investments in the agriculture sector. The launch of eSECURE, eSEARCH, SEC API Marketplace, eRAMP, and SEC Check App 2.0 during the SEC’s 85th-anniversary celebration signifies a significant step towards modernizing financial processes in the Philippines. The presentation of the SEC FARMS underscores the commitment to securing and expanding capital for agricultural and agri-business development under President Marcos’s leadership.
SEC Chairperson Emilio Aquino showcased the SEC’s digital advancements, including eSECURE, eSEARCH, SEC API Marketplace, eRAMP, and SEC CheckApp 2.0, aligning with the government’s e-governance agenda and drive to attract investments in the Philippines. The launch of SEC FARMS further supports the President’s projects on food security and agriculture by simplifying registration processes for agri-businesses seeking capital for agricultural projects, with approvals possible within 28 days. Companies in the agricultural sector can access up to P500 million per project under this program, emphasizing the SEC’s commitment to agricultural development and financial accessibility.
Video: The “eSECURE” of the Securities and Exchange Commission of the Republic of the Philippines
The eSECURE by the Securities and Exchange Commission of the Republic of the Philippines, led by Sir NolieBoy Rama Bantanos, revolutionizes online financial security. Through meticulous user registration processes, robust verification methods, and diverse online services like eSPARC and ACES, eSECURE sets a gold standard for user identification and industry competence. This scheme’s forward-looking nature showcases the SEC’s commitment to continuous improvement and technological advancement in financial governance.
Conclusion
The SEC eSECURE Platform is a comprehensive solution for managing SEC accounts and accessing online services securely.
By implementing robust identity verification processes and offering centralized access, it enhances security, efficiency, and compliance.