News & Updates

The Securities and Exchange Commission (“SEC”) in its Memorandum Circular No. 3, series of 2021 (“MC No. 3”) provides for the schedule and procedure for the filing of annual financial statements, general information sheet and other covered reports.

In relation thereto, the SEC issued a Notice on 12 May 2021 (the “Notice”), providing for the revised guidelines on the submission of documents, processing of online requests for the issuance of Payment Assessment Form, monitoring, issuance of clearances, and payment of Annual Fees, of entities covered by the Corporate Governance and Finance Department (“CGFD”).

The Notice provides for the following a revised guidelines on the following:

1. List of documents to be submitted via e-mail in relation to the Online Submission Tool (“OST”) under SEC Memorandum Circular No. 3, series of 2021 (“MC No. 3”) which falls under the following categories:
   1. Documents currently not covered by the OST under SEC MC No. 3 which do not require payment of filing/processing fees;
   2. Documents currently not covered by the OST under SEC MC No. 3 which require payment of filing/processing fees;
   3. Documents currently not covered by the OST under SEC MC No. 3 which do not require payment of filing/processing fees; and
   4. Year 2021 filing of AFS, GIS, and other covered reports under Sec. 2 of SEC MC No. 3;
2. Requirements for submission of documents under items (b) and (c) above;
3. Processing of Requests for the Issuance of a Payment Assessment Form to pay penalties and/or processing/filing fees; 
4. Payment of Annual Fees; 
5. Request for Monitoring and Issuance of Monitoring Sheet/Clearance.

All information contained in previous notices that are inconsistent with the guidelines set forth in the Notice shall be deemed modified and amended accordingly.