Securities and Exchange Commission(SEC)

June 29, 2023 Dear Mary Grace Catalan, Greetings! Thank you for your request dated Jun 27, 2023 11:44:30 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Security of E-Fast Online Accounts. Response to Request With regards to your query, kindly be informed that; 1. The changing of credentials particularly the official and alternate email addresses is within the control of the company unless the access was shared to other filers within the company and alteration can be done. Any changes to be made on email addresses is subject for validation to be done by the company or the authorized filer. As such, the full control is with the company. Password of each account is also under full control of the company and changing the password through the “Forgot Password” facility requires three data elements attributed to the account, specifically the username of the company, official email address where 6-digit validation will be sent and the SEC Registration Number. Any inconsistent data to be provided in changing the password will not proceed as a security mechanism of the system. 2. As mentioned, the control of the account is within the company and the authorized filer is given the privilege to file/upload reportorial requirements if it is granted by the company. Any authorized access or submission is not possible unless the credentials are being shared to others. This instance is possible on companies that are under intra-corporate dispute in which the credentials were shared and it is transparent to both parties who claim the account. To ensure the security of the account, the company must update the password if necessary and avoid sharing of credentials. I hope that this clarifies your concern. Thank you. Respectfully, Oliver V. Chato FOI Receiving Officer