On July 10, the SEC issued Memorandum Circular No. 10, Series of 2024, outlining guidelines for the Electronic SEC Universal Registration Environment (eSECURE).
eSECURE serves as a digital passport for users, enabling the management of SEC accounts and transactions through a single account.
The platform includes risk-based credentialing and the Electronic Know Your Customer (eKYC) process to strengthen identity verification and curb money laundering and terrorist financing.
The credentialing system, a key feature of eSECURE, provides a more efficient alternative to wet signatures and notarization by allowing digital authentication of documents.
Credentialing through eSECURE is required for critical online services like company registration systems (eSPARC and OneSEC) and the SEC API Marketplace for research and data retrieval. Other sensitive services include the Automated Certification Examination System (ACES), SEC Electronic Registry Application for Market Participants (eRAMP), iMessage Mo, and other SEC complaints systems.
