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Louella Desiderio - The Philippine Star
December 16, 2025 | 12:00am
Signed by PCC chairperson Michael Aguinaldo and SEC chairperson Francis Lim yesterday, the DSA aims to enhance cooperation between the two agencies in promoting transparency, integrity and fair competition in the corporate sector.
STAR / File
MANILA, Philippines — The Philippine Competition Commission (PCC) and the Securities and Exchange Commission (SEC) have signed a data-sharing agreement (DSA) to strengthen corporate transparency and competition law enforcement.
Signed by PCC chairperson Michael Aguinaldo and SEC chairperson Francis Lim yesterday, the DSA aims to enhance cooperation between the two agencies in promoting transparency, integrity and fair competition in the corporate sector.
Valid for five years, the DSA enables the PCC to access corporate information under the SEC that are relevant to its mandate of investigating mergers, acquisitions and anti-competitive conduct under the Philippine Competition Act.
Building on a memorandum of agreement signed by the PCC and SEC in 2016, the DSA provides clear protocols for data sharing, including on-site, online and off-site access to SEC records.
It also sets data privacy and security safeguards in line with the Data Privacy Act of 2012 and requires both agencies to implement strict confidentiality measures.
To monitor the implementation of the agreement and ensure compliance to data privacy safeguards, SEC director Oliver Chato and PCC executive director Kenneth Tanate were designated as data protection officers.
As part of the DSA, the SEC will provide requested corporate data to the PCC within three working days.
For its part, the PCC commits to use the information solely for its lawful mandate.
In addition, the antitrust body will notify the SEC of any data processors or personnel authorized to handle the shared information.
To ensure accountability and data protection, the DSA also sets procedures for data breach management, data retention and secure disposal of personal data.
“This agreement represents a shared commitment to safeguard competition and protect investors,” Aguinaldo said.
“By working closely with the SEC, we can ensure that markets remain transparent, competitive and beneficial to consumers and businesses alike,” he also said.
