What role does the Securities and Exchange Commission (SEC) play in relation to the Revised Corporation Code?

The Securities and Exchange Commission (SEC) plays a critical role in regulating and enforcing the provisions outlined in the Revised Corporation Code. Its primary responsibilities include ensuring that corporations comply with the legal requirements set forth in the code, facilitating transparency, and protecting the interests of investors and stakeholders.

The SEC is tasked with overseeing corporate filings, disclosures, and governance practices, ensuring that companies adhere to the law and maintain fair practices in the marketplace. This regulatory oversight is essential for upholding corporate accountability and maintaining investor trust.

In contrast, the responsibilities associated with approving corporate mergers, conducting audits, or enforcing tax regulations fall outside the specific mandate of the SEC. Mergers typically require review and approval from different regulatory bodies and may also involve financial institutions. Audits are primarily the responsibility of independent auditors, and tax regulations are enforced by the Bureau of Internal Revenue (BIR) rather than the SEC.