PCC, SEC seal data sharing agreement

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.

- By LOUELLA DESIDERIO

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.