SEC augments online registration with fast lanes
Published Jul 14, 2018 12:00 am
By James A. Loyola
The Securities and Exchange Commission (SEC) has put up FAST Lane kiosks in its offices nationwide to address “transition concerns” related to its shift from its manual registration system to an automated system.
Last year, the SEC launched its Company Registration, an online system intended to ensure faster registration processes with data capturing features to expedite its company certification services.
“However, the online system has undergone teething problems especially in the filling up of corporate information; unstable internet connectivity; storage and other system readjustments,” said the SEC.
Thus, it saw a need to facilitate the transition and has decided put up this July several FAST Lane kiosks at its Head Office at the Philippine International Convention Center in Pasay City as well as its satellite offices in Metro Manila and its Extension Offices located in key cities of the country.
“The FAST LANE acronym stands for “Facilitating Automated System Transition LANE”. These lanes will be manned by Fast Action Service Teams (FAST) who will provide advisory assistance to new registrants of corporations, partnerships and associations with priority given to those applications filed in June and earlier,” said the SEC.
According to SEC Chairman Emilio B. Aquino, “the Fast Lane online kiosks were put in place to assist new registrants and to show them how easy it is to use the online registration system as they can replicate the process in the convenience of their own homes or offices.”
He added that, “all they need is a stable internet service, and, of course, the information they will be inputting into the system.”
The online registration system is one of the mechanisms established by the SEC management to make services more efficient and easily accessible to the public.
“We invite the public to do their online registration using the Fast Lane online kiosks now available at the SEC Head Office, Satellite Offices in Metro Manila and Extension Offices in various regions of the country from Monday to Friday, 8:00 AM to 5:00 PM,” said Aquino.
SEC has satellite offices at SM North EDSA Annex, Ali Mall Cubao, Robinson’s Galleria Ortigas Center, SM Manila, SM Mall of Asia, and Muntinlupa City Hall. SEC has Extension Offices in Baguio City, Tarlac City, Legazpi City, Cebu City, Iloilo City, Cagayan de Oro City, Zamboanga City and Davao City.
Last year, the SEC launched its Company Registration, an online system intended to ensure faster registration processes with data capturing features to expedite its company certification services.
“However, the online system has undergone teething problems especially in the filling up of corporate information; unstable internet connectivity; storage and other system readjustments,” said the SEC.
Thus, it saw a need to facilitate the transition and has decided put up this July several FAST Lane kiosks at its Head Office at the Philippine International Convention Center in Pasay City as well as its satellite offices in Metro Manila and its Extension Offices located in key cities of the country.
“The FAST LANE acronym stands for “Facilitating Automated System Transition LANE”. These lanes will be manned by Fast Action Service Teams (FAST) who will provide advisory assistance to new registrants of corporations, partnerships and associations with priority given to those applications filed in June and earlier,” said the SEC.
According to SEC Chairman Emilio B. Aquino, “the Fast Lane online kiosks were put in place to assist new registrants and to show them how easy it is to use the online registration system as they can replicate the process in the convenience of their own homes or offices.”
He added that, “all they need is a stable internet service, and, of course, the information they will be inputting into the system.”
The online registration system is one of the mechanisms established by the SEC management to make services more efficient and easily accessible to the public.
“We invite the public to do their online registration using the Fast Lane online kiosks now available at the SEC Head Office, Satellite Offices in Metro Manila and Extension Offices in various regions of the country from Monday to Friday, 8:00 AM to 5:00 PM,” said Aquino.
SEC has satellite offices at SM North EDSA Annex, Ali Mall Cubao, Robinson’s Galleria Ortigas Center, SM Manila, SM Mall of Asia, and Muntinlupa City Hall. SEC has Extension Offices in Baguio City, Tarlac City, Legazpi City, Cebu City, Iloilo City, Cagayan de Oro City, Zamboanga City and Davao City.