Capital Market Development Council (CMDC) is a public-private sector partnership focused on recommending policy and legislative reforms toward the development of the Philippine capital market.

Primer on CMDC Currently being updated

Original Council composed of:

• Department of Finance (DOF)
• Bangko Sentral ng Pilipinas (BSP)
• Securities and Exchange Commission (SEC)
• Bankers Association of the Philippines (BAP)
• Financial Executives Institute of the Philippines (FINEX)
• Investment House Association of the Philippines (IHAP)
• Philippine Stock Exchange (Formerly Manila and Makati Stock Exchange)

Current Council now also includes:

• Insurance Commission (IC)
• Philippine Life Insurance Association (PLIA)
• Philippine Insurers & Reinsurers Association (PIRA)
• Philippine Federation of Pre-Need Plan Co. Inc. (PRE-NEED)
• Philippine Dealing System Holdings Corporation (PDS)
• Philippine Association of Securities Brokers and Dealers Inc. (PASBDI)

CMDC Memorandum of Association (MOA)