The Securities and Exchange Commission (SEC) and the Subic-Clark Alliance for Development (SCAD) signed a memorandum of agreement to boost investor protection and capital market development of the Subic-Clark corridor.
The agreement calls for a shared commitment in promoting financial literacy, investor protection, and capital market awareness, particularly in the Subic Bay and Clark freeports.
It also formalizes the implementation of the SEC Communication, Advocacy, and Network (SEC-CAN) initiative within the Subic-Clark growth corridor.
The agreement is aligned with national efforts to prevent investment scams and encourage compliance with SEC regulations.
SCAD’s mandate is to transform the Subic-Clark Corridor into a world-class mega logistics hub. The initiative plays a critical role in advancing ease of doing business, investor confidence, and socio-economic development in Central Luzon, the agency said.
“This collaboration is a vital step toward building a culture of responsible investing in Central Luzon. Through our collaboration with SCAD, we aim to protect investors, educate the public, and foster a regulatory environment that supports business growth and transparency in the major economic zones in the region,” the SEC added.