The Securities and Trade Fee (SEC) will proceed its roadshow in Cebu this week the place it would pitch the capital market’s potential as a supply of funding for micro, small and medium enterprises.
The SEC will maintain the second leg of the year-long caravan on March 17 on the Cebu Parklane Worldwide Lodge, Cebu Metropolis.
The roadshow goals to emphasise the significance of the capital market, together with crowdfunding platforms, in serving to small and medium enterprises (SMEs) elevate funds for enterprise growth.
Crowdfunding is a fundraising exercise sometimes carried out by startups and SMEs, the place the general public can help or fund a enterprise thought by a web-based platform. The SEC regulates crowdfunding actions within the nation, with the Guidelines and Laws Governing Crowdfunding supplied underneath an SEC memorandum round.
There are at present three crowdfunding intermediaries registered with the SEC. These are Investree Philippines, SeedIn Expertise Inc., and Japanese Securities Growth Firms (Spherical One). Audio system from the three firms shall be current in the course of the roadshow to offer session on use their platforms.
SEC Commissioner Karlo S. Bello will ship the keynote speech for the Cebu roadshow, along with Markets and Securities Regulation Division Director Vicente Graciano Felizmenio Jr.
Different audio system embody representatives from the Philippine Inventory Trade, Funding and Capital Company of the Philippines, the Philippine Chamber of Commerce and Trade and property developer Cebu Landmasters Inc.
The roadshow is a part of the SEC Workplace for the Development of Strategic Investments in SMEs’ initiatives to advertise the pursuits of SMEs by organising viable alternate options in elevating capital by simplifying the capital-raising merchandise, streamlining the registration course of, and inspiring homes and different monetary establishments to implement SME-friendly advisory applications, amongst others.
