Pursuant to Section 9 of RA 10693, “The SEC shall establish an accrediting body to be known as the Microfinance NGO Regulatory Council, herein referred to as the “Council”. The Council shall be composed of four (4) permanent members and three (3) members from the Microfinance sector.
The permanent members of the Council shall be composed of the following:
The Permanent Members of the Council are as follows:
|•||Private Sector Representatives|
|Based on Section 9 item (d) of RA 10693, “The three (3) representatives from Microfinance NGO sector shall be chosen by at least majority of the permanent members of the Council from among the nominees of organizations, associations and alliances of Microfinance NGOs duly registered with the SEC. They shall serve for a term of three (3) years.”
The Private Sector representatives are as follows:
Based on Section 9 item (d) of RA 10693, “The Council shall be assisted by a secretariat to be lodged in the SEC, which shall coordinate the activities involved in the accreditation process.”
The SEC Corporate Governance and Finance Department-Monitoring Division acts as the Secretariat of the Council.