Marcos directs SEC to streamline processes under CMEPA

President Ferdinand R. Marcos Jr. directed the Securities and Exchange Commission (SEC) to streamline its processes and slash transaction costs to support the implementation of the Capital Markets Efficiency Promotion Act (CMEPA), which took effect on Tuesday.

Marcos emphasized that CMEPA reduces the stock trading tax from 0.6% to 0.1%, making it more competitive within the ASEAN region and urging Filipinos to invest in the stock market.

He instructed the SEC to undertake necessary changes to fulfill their responsibilities under the new law, including simplifying compliance requirements and reducing transaction costs within its control.

The President highlighted that CMEPA is projected to generate over PHP25 billion in net revenue by 2030, which can fund infrastructure projects and social safety nets for every Filipino.

Marcos also urged all market participants and stakeholders to uphold transparency, fairness, and good governance to build an industry that earns the trust of both local and international markets.