SEC joins ANNA to boost PH capital market

25/06/2022 9:45:00 PM

The Nation's Leading Newspaper

The Securities and Exchange Commission (SEC) has joined the Association of National Numbering Agencies (ANNA) as a partner, in another push to make the Philippine capital market more accessible and transparent.

The Nation's Leading Newspaper

The Securities and Exchange Commission (SEC) has joined the Association of National Numbering Agencies (ANNA) as a partner, in another push to make the Philippine capital market more accessible and transparent.ANNA confirmed the membership of the SEC as a partner during its 30th anniversary general meeting, hosted by Euroclear Bank SA/NV in Brussels.

“We are incredibly pleased to have the Philippines Securities and Exchange Commission join ANNA at this time when our member organization is growing, and as international financial standards are continuing to become ever more important to ensure global interoperability and transparency in the capital markets,” ANNA Chairman Dan Kuhnel said.

Read more:
Manila Bulletin News »

WATCH: US donates P85 million worth of HIV test kits to PH

The Philippines has the fastest growing HIV epidemic in the Asia-Pacific region. Bonz Magsambol files this report. Read more >>

VOTT: PH turning its back on transparency in extractive industries | June 25, 2022VOTT: PH turning its back on transparency in extractive industries | June 25, 2022Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit ou...

BSP, DILG pilots Paleng-QR Ph programThe government is ready to implement the Paleng-QR PH program to onboard market vendors and tricycle drivers via the digital platform.

Docu on PH Radio in the US colonial period kicks off broadcasting centennial celebrationsThe docu asserts how broadcasting was first used as a colonial apparatus, but later adopted for local purposes.

PH posts highest number of phishing in SEA - studyPH posts highest number of phishing in SEA – study. Kaya ayaw ko na magiwan ng pera sa bank account

LOOK: BTS’ V, BLACKPINK’s Lisa arrive in Paris for Fashion WeekLOOK: BTS' V and BLACKPINK's Lisa posted photos on Instagram as they are set to attend the Celine Men’s Summer 2023 Fashion Show in Paris, France which will take place on Sunday, June 26. 📸: thv & lalalalisa_m/Instagram WELCOME TO PARIS LISA LisaAimeParis LISA LALISA MONEY Welcome to Paris kim taehyung Happy for you💗 BIENVENUE KIM TAEHYUNG TaehyunginParis The Main Character Most Popular Idol V Most Influential Man Kim Taehyung V BTSV KimTaehyung TaehyungInParis

Jeric Gonzales deletes Instagram posts amid rumored breakup with Rabiya MateoThe actor only left one photo up as of Tuesday -- a photo of himself with “Start-Up PH” castmates Boy2 Quizon and Royce Cabrera. Hay Nako Wala Ng Pag-Asa tong Starlet nato muka Pang Monggoloid Focus nalang kayo kina Ruru 😅

James A..Lee C.Published June 25, 2022 9:16pm A documentary on the emergence of Philippine radio during the American colonial period will officially launch the celebration of 100 Years of Broadcasting in the Philippines (100 YBP), in a webinar hosted by the Department of Broadcast Communication (DBC), College of Mass Communication (CMC), University of the Philippines, Diliman (UPD), on June 29, 2022, 10 am, via the DZUP 1602 khz Facebook page.

Loyola The Securities and Exchange Commission (SEC) has joined the Association of National Numbering Agencies (ANNA) as a partner, in another push to make the Philippine capital market more accessible and transparent. ANNA confirmed the membership of the SEC as a partner during its 30th anniversary general meeting, hosted by Euroclear Bank SA/NV in Brussels. “We are incredibly pleased to have the Philippines Securities and Exchange Commission join ANNA at this time when our member organization is growing, and as international financial standards are continuing to become ever more important to ensure global interoperability and transparency in the capital markets,” ANNA Chairman Dan Kuhnel said. The pilot LGUs to be identified by the DILG, will implement the Paleng-QR Ph in public markets and tricycle hubs to “build a digital ecosystem along the basic payment patterns of Filipinos, bolster the value of transaction accounts, and aid in the promotion and adoption of these accounts. ANNA is a global member association seeking to foster standardization within the financial industry by promoting standard identifiers. Founded in 1992 by 22 numbering agencies, ANNA’s membership has grown to more than 120 global members and partners allocating ISIN, FISN and CFI codes on behalf of their local jurisdictions. Expected to grace the event are UP President Danilo Concepcion, UPD Chancellor Fidel Nemenzo, UP Visayas Chancellor Clement Camposano, and UPD CMC Dean Fernando Paragas.

As an ANNA partner, the SEC will act as the national numbering agency for the Philippines. Diokno said. The Commission will be primarily responsible for the allocation of ISIN, Financial Instrument Short Name (FISN) and Classification of Financial Instruments (CFI) codes to all instruments in the market, including unlisted securities. The SEC has already developed the national numbering system that will assign the securities identifiers – ISIN under ISO 6166, CFI under ISO 10962, and FISN under ISO 18774. The SEC National Numbering System (NNS) can assign securities identifiers to both corporate securities and securities issued by the government such as those issued by the Bureau of the Treasury and the Bangko Sentral ng Pilipinas. Año is urging LGUs to take advantage of the Paleng-QR Ph program for a safer and more effective financial transactions. “We thank the Association of National Numbering Agencies for welcoming the Commission as its newest partner in making the financial world a more efficient, safer and more stable environment for investors and the financial institutions that serve them through the use of standard identifiers for securities,” SEC Chairperson Emilio B. For inquiries, email the Secretariat at 100ypb@up.

Aquino said. He added that, “Our membership in ANNA as a partner is a significant step toward making the Philippine market more accessible, transparent and, more importantly, secure. Basically, LGUs will help BSP in onboarding the targeted users to have transaction accounts and achieve its objective of getting 70 percent of Filipino adults with formal accounts by next year.” “By adopting standard identifiers, recognized in now more than 120 jurisdictions, securities first issued within the country can be acknowledged and traded between buyers and sellers virtually anywhere in the world. In this light, we look forward to a more robust activity in our domestic capital market,” noted Aquino. . An LGU may partner with as many FSPs as deemed appropriate,” said the BSP. Broadcasting was part of the American strategy to reshape the consciousness of Filipinos in the American cultural mold.