Free SEC Phase 1 Exam Prep
SEC Certification Examination Phase 1 (General)
Prepare for the SEC Phase 1 exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
Quick Facts
Explore More Philippines SEC Certification Program
Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.
SEC Philippines SEC Certification Program License: Complete Roadmap
Follow this path to organize your licensing and exam preparation
Securities & Economic PrinciplesYou are here
Study corporate structure, classifications of shares, stockholder rights, micro/macro economics, and business math.
Securities Regulation Code (SRC)
Master the Securities Regulation Code (RA 8799), registration of securities, filing requirements, and market manipulation rules.
Corporate Governance & Ethics
Review the Philippine Code of Corporate Governance, fiduciary duties of directors, independent directors, and shareholder rights.
Risk Management & AMLA
Learn risk identification, capital adequacy ratios (CAR), and anti-money laundering requirements (RA 9160, STRs, KYC).
Practice Tests & Final Mock
Solve full-length practice questions (120 questions). Target a score of 75% or higher to guarantee passing.
Can You Take the SEC Phase 1 Exam?
Check if you meet the basic eligibility requirements
- •Completion of the SEC certification seminar or accredited training course
- •Submission of exam registration and payment through PhilSEC Institute Foundation
- •Sponsorship by a licensed market participant (required for final license registration, though individuals can take the exam)
SEC Phase 1 Quick Facts
Time to Get Licensed
3-6 weeks typical
From start to license in hand
Retake Policy
Examinees who do not pass may register for a retake upon payment of another Php 500.00 exam fee.
Total Cost Breakdown
Free SEC Phase 1 Prep Tools
Reported exam pass rate: 60%. These figures describe exam candidates, not OpenExamPrep user outcomes. Check the exam sponsor’s website for published statistics.
100+ Practice Questions
Practice by topic with detailed answer explanations
AI Tutor Explains Mistakes
Understand why answers are wrong, not just which ones
Independent Study Resources
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What You'll Study
14 chapters covering the exam topics in this guide
Chapter 1: Corporate Structure & Capital Stock
4 sections
Chapter 2: Financial Markets and Securities Products
4 sections
Chapter 3: Macroeconomic Principles and Monetary Policy
4 sections
Chapter 4: Financial Mathematics and Valuation Concepts
4 sections
Chapter 5: The Securities Regulation Code (SRC) & Securities Registration
4 sections
Chapter 6: Market Intermediaries & Trading Conduct
4 sections
Chapter 7: Market Manipulation, Insider Trading & Public Disclosures
3 sections
Chapter 8: Principles of Corporate Governance & Board Oversight
4 sections
Chapter 9: Internal Controls, Disclosure & Shareholder Rights
4 sections
Chapter 10: Risk Concepts and Categories
3 sections
Chapter 11: Risk Management Process
3 sections
Chapter 12: Risk Treatment and Hedging
4 sections
Chapter 13: AML Legal Framework & Institutional Governance
4 sections
Chapter 14: Customer Due Diligence, Reporting & Record Keeping
4 sections
SEC Phase 1 Exam Details
SEC Certification Examination Phase 1 (General)
Administered by Securities and Exchange Commission (Philippines)
Exam Content Breakdown
Based on the official Securities and Exchange Commission (Philippines) content outline
Corporate structure, types of shares, stockholder rights, and capital market products.
Macroeconomic concepts, monetary and fiscal policy, financial system structure, and basic business math.
The Securities Regulation Code (SRC) general rules, registration of securities, and SEC oversight.
Code of Corporate Governance for public companies, board responsibilities, duties of directors, and shareholder rights.
Risk identification and mitigation, capital adequacy frameworks, and risk management guidelines for broker-dealers.
Republic Act No. 9160 (AMLA) as amended, compliance protocols, suspicious transaction reports (STRs), and KYC procedures.
What's Included
14 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
Quality Exam Prep Shouldn't Cost Hundreds
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What's Next After the SEC Phase 1?
After passing the SEC Phase 1, you can pursue these career paths
Certified Investment Solicitor (CIS) - Phase 2
Take the Phase 2 CIS exam to sell mutual funds and variable unit-linked products in the Philippines.
Compliance Officer / Associated Person (CO/AP) - Phase 2
Take the Phase 2 CO/AP exam to serve as a compliance officer or associated person for a broker-dealer.
SEC Phase 1 Exam FAQ
Official Securities and Exchange Commission (Philippines) Resources
Verify information with these official sources
More Free Resources
Ready to Start Your Free SEC Phase 1 Prep?
Review the study guide, practice key concepts, and use the free tools at your own pace.