SEC opens its first ever satellite office

In its efforts to become more accessible to the public, the Securities and Exchange Commission (SEC) has opened its first satellite office in the country ahead of its permanent building transfer in 2016.

On Tuesday, the SEC has opened its first satellite office located in Ali Mall, Cubao,

The satellite office will function as an outpost where the public can file their registration statements, submit corporate updates, and pay charges, among other services that the regulatory agency does in its main building.

So instead of going to the main SEC building, which is currently located in Ortigas, the public can just go to the nearest satellite office to do their corporate dealings.

SEC Chairperson Teresita Herbosa said in an interview during the grand opening of the first SEC satellite office held in Cubao that the daily transactions in the agencys main office will definitely soften.

Herbosa said the next branch of the satellite office will be located in SM Manila although the she has not identified any particular date for its opening.

The Company Registration and Monitoring Department, headed by SEC Director Ferdinand Sales, has been tasked to lead the progress of this specific project.

Sales said in a separate interview that the SEC is now in talks with the SM Group and Robinsons Malls for the possible establishment of the next satellite offices in their malls.

Once that this has already been disseminated to the transacting public, we believe that the transactions in the main office will be de-congested because the location of this specific satellite office alone is very accessible, Sales told reporters.

A few months ago, it was reported that the SEC has decided to push through with its plan to put up satellite offices across Metro Manila with an initial target to build its first six branches within the year.

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SEC opens its first ever satellite office