Which agency is responsible for regulating the securities industry in the Philippines?

Prepare for your Sustainability and Strategic Audit Test with flashcards and multiple choice questions. Engage with hints and detailed explanations to ensure success.

The Securities and Exchange Commission (SEC) in the Philippines is the primary agency responsible for overseeing and regulating the securities industry. Its main functions include enforcing securities laws, regulating the securities market, ensuring investor protection, and promoting fair and efficient capital markets. By overseeing the registration of securities, examining financial records, and enforcing compliance with regulations, the SEC plays a crucial role in maintaining the integrity of the financial system in the country.

Other agencies listed, such as the Insurance Commission, specifically focus on the insurance sector, while options like the Securities and Industry Commission and the Philippines Securities Commission do not exist as recognized entities responsible for the regulation of securities in the Philippines. The clarity of the SEC’s responsibilities and its establishment as the authoritative agency in this area solidify its position as the correct answer.

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