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Manila Bulletin devider Business devider The Stock Market devider PCC, SEC data-sharing agreement to fortify M&A investigations

PCC, SEC data-sharing agreement to fortify M&A investigations

Published Dec 15, 2025 03:04 pm
(L-R) SEC Director Oliver Chato, SEC Chairperson Francisco Lim, PCC Chairperson Michael Aguinaldo, and PCC Executive Director Kenneth Tanate
(L-R) SEC Director Oliver Chato, SEC Chairperson Francisco Lim, PCC Chairperson Michael Aguinaldo, and PCC Executive Director Kenneth Tanate
The Philippine Competition Commission (PCC) and the Securities and Exchange Commission (SEC) have signed a data-sharing agreement (DSA) to enhance interagency cooperation in promoting transparency, integrity, and fair competition in the corporate sector.
The agreement provides PCC with streamlined access to corporate information in the custody of the SEC that is relevant to PCC’s mandate to investigate mergers and acquisitions (M&As) and anti-competitive conduct under the Philippine Competition Act.
“This agreement represents a shared commitment to safeguard competition and protect investors. By working closely with the SEC, we can ensure that markets remain transparent, competitive, and beneficial to consumers and businesses alike,” said PCC Chairperson Michael Aguinaldo.
The DSA builds on the PCC-SEC memorandum of agreement (MOA) signed in 2016 and establishes clear protocols for data sharing, including on-site, online, and off-site access to SEC records.
It sets out safeguards for data privacy and security in line with the Data Privacy Act of 2012, requiring both agencies to implement strict confidentiality measures and designate data protection officers (DPOs) to oversee compliance.
SEC Director Oliver Chato and PCC Executive Director Kenneth Tanate will act as the designated DPOs responsible for implementing and monitoring the agreement.
Their role ensures that personal and sensitive corporate data shared under the DSA is handled with the highest standards of security and accountability.
Under the agreement, the SEC will provide requested corporate data to PCC within three working days, while PCC commits to using the information solely for its lawful mandate and to notifying the SEC of any data processors or personnel authorized to handle the shared information.
The DSA also outlines procedures for data breach management, data retention, and secure disposal of personal data, ensuring accountability and protection of data subjects’ rights.
Valid for five years, the agreement affirms the role of institutional partnerships in strengthening market oversight and advancing good governance. It underscores the importance of transparency and cooperation in fostering investor confidence and ensuring fair competition across industries.

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Philippine Competition Commision Securities and Exchange Commission Francis E. Lim Michael Aguinaldo
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