. Peak demand in the Philippines is estimated to increase 5 percent annually. The Philippines plan to increase its generating capacity to 37,000 megawatts by 2020 with significant portion of coal-fired

to investors. All these approaches are expected to build trust and confidence among stakeholders, subsequently leading to a trustworthy digital asset market that supports sustainable growth of the

& Compliance Management 4. Regional Payment & Settlement 5. Data Analytics 6. Cyber Security 7. Performing Talent and Agile Organization 8. Modern World Class Technology Capability STRONG TRUSTWORTHY BRAND

invest in some claim-to-be digital tokens which is in fact another form of Ponzi scheme. Such scheme can be detected by ambiguous business plans, products or platforms, as well as the lack of trustworthy

accounting standards; executives with trustworthy characteristics; and proper disclosure of material information for investment decision making. The regulations approved by the Capital Market Supervisory Board

to investors. All these approaches are expected to build trust and confidence among stakeholders, subsequently leading to a trustworthy digital asset market that supports sustainable growth of the

and Mission The SEC’s vision, mission and objectives aim at supervising and developing the capital market to be efficient, transparent, inclusive, reliable, and in accordance with international

are reliably and trustworthy, the Securities and Exchange Commission hereby issues the principles for undertaking business as follows: (1) honesty, fairness and integrity An intermediary shall conduct

and trustworthy, the Securities and Exchange Commission hereby issues the principles for undertaking business as follows: (1) honesty, fairness and integrity An intermediary shall conduct its business

intermediary obligates to operate its businesses properly, fairly and in compliance with codes of conduct and professional standards and in order that an intermediary’s services are reliably and trustworthy, the