SEC: PSE, Capital Market Institutions to Continue Operating Despite ECQ

The Philippine Securities and Exchange Commission (SEC) guaranteed the continuous operation of the capital market while the National Capital Region (NCR) and other areas are under their third Enhanced Community Quarantine (ECQ) from August 6 to 20 by deploying on-site skeleton workforce.

Capital market skeleton workforce are accordingly considered Authorized Persons Outside of Residence (APORs) as provided under the amended Section 2(c)(iv) of the Omnibus Guidelines on the Implementation of Community Quarantine in the Philippines. 

Consequently, the SEC issued a list of capital market institutions and participants, which may be used as additional proof of their APOR status.

“The list includes Philippine Stock Exchange, Inc., Securities Clearing Corporation of the Philippines, Capital Market Integrity Corporation, Philippine Dealing and Exchange Corporation, Philippine Securities Settlement Corporation and Philippine Depository and Trust Corporation.” the SEC stated.

Moreover, the Commission also identified investment houses, investment houses engaged in dealing government securities, underwriters of securities engaged in dealing government securities, eligible dealers in government securities, investment company advisers, mutual fund distributors, brokers/dealers in securities, transfer agents, registrars of qualified buyers and mutual fund companies as part of the list.

The SEC Main Office within the PICC Complex in Pasay City will likewise continue to operate with a skeleton workforce, from 9:00 AM to 3:00 PM, during the ECQ.

The SEC will continue to implement work-from-home and other alternative work arrangements, in accordance with the guidelines issued by the Civil Service Commission, to minimize the disruption in its operations.

On the other hand, the public is advised to transact business online. For inquiries and other concerns, the public may monitor and reach the relevant department or office during office hours through the email addresses and phone numbers provided in the SEC Contact Center posted on the Commission’s website at www.sec.gov.ph and official Facebook page at www.facebook.com/PhilippineSEC.

This article is published on BitPinas: SEC: PSE, Capital Market Institutions to Continue Operating Despite ECQ

Source: https://bitpinas.com/business/sec-pse-ecq/