SEC MC No. 10-2024 pertaining to the eSECURE system being introduced to enhance the security and efficiency of online transactions with the SEC.  eSECURE functions as a digital passport, granting users access to various SEC online services. Users must create an account and complete the electronic Know Your Customer (eKYC) process to be able to use the system.  Additionally, users can digitally authenticate documents through the SEC Electronic Submission Authentication Portal (eSAP).

The eSECURE system is designed to streamline SEC-related processes and convenient alternative to traditional methods. Credentialing through eSECURE is mandatory for sensitive services, ensuring that only verified users can access critical functionalities. For less sensitive services, credentialing remains optional but is encouraged to improve overall security and user experience.

Users are required to undergo credentialing for the following services:

  • SEC Electronic Submission Authentication Portal (eSAP)
  • SEC Electronic Simplified Processing of Application for Registration of Company (eSPARC) – For Users Filing an Application
  • One-day Submission and E-registration of Companies (OneSEC) – For Users Filing an Application
  • Automated Certification Examination System (ACES)
  • SEC Application Program Interface (API) Marketplace
  • SEC Electronic Registry Application for Market Participants (eRAMP)
  • SEC eFAST Alternative Submission Environment (EASE)
  • SEC Electronic Application for Modification of ENtity Data (eAMEND)
  • SEC iMessage and other SEC Complaints Systems

Moreover, the following online systems will remain accessible to users without an eSECURE account until they are updated and integrated into the eSECURE system:

  • SEC Electronic Filing and Submission Tool (SEC eFAST)
  • MC 28 Submission Portal
  • Electronic System for Payment to SEC (eSPAYSEC)

MC No. 10-2024 also provides detailed guidelines on the registration procedures, validity of credentials, and associated fees. It also outlines the transition to mandatory use of eSECURE for all SEC-related submissions, with a gradual implementation plan to allow users to adapt to the new system. This initiative is part of the SEC’s broader efforts to modernize its operations and support a digitally transformed business environment.