The Securities and Exchange Commission (SEC) is looking to expand its partnership with the country’s major mall operators this year as it plans to build more satellite offices across the country.

SEC Chairperson Teresita Herbosa said the corporate regulatory agency is working with two of the country’s biggest mall developers, Robinsons Land, Corp. (RLC) and SM Prime Holdings, Inc., for the establishment of more satellite offices.
 
A satellite office functions as an outpost where the public can file their registration statements, submit corporate updates, and pay charges, among other services that the regulatory agency does in its main building.
 
The SEC satellite office will offer frontline services of the commission including filing of the General Information Sheets and Audited Financial Statements as well as Articles of Incorporation (AOI) and any amendments.
 
“We are opening one in Cebu, the first outside Metro Manila. Another one will open in Robinsons Place in Manila. Then we are opening one at SM North Edsa,” Herbosa told Business Bulletin, emphasizing that these three satellite offices are all targeted for opening this year.
 
“We’ve been trying to get a good location in Alabang but we haven’t got a place yet,” she added.
 
It was last year when SEC secured a partnership with RLC and SM Prime for the opening of its two satellite offices.