News and Advisories

Kittelson & Carpo Consulting – News and Advisories

We provide monthly updates on the latest news that affect doing business in the Philippines as well as the newest advisories from government agencies that regulate the operations and compliance of local and foreign companies in the country.

SEC Incorporation Philippines

14 May: SEC Releases Guidelines on Authentication of Articles of Incorporation

The Securities and Exchange Commission (SEC), under the SEC Memorandum Circular (MC) No. 16 Series of 2020, adopts a relaxed set of guidelines on the authentication of Articles of Incorporation in applications for registration of new domestic corporations, promoting an easier process for business registration in the Philippines.

SEC Extended Deadlines

29 Apr: SEC Further Extends Deadline on Filing of Reports For Publicly-Listed Companies

The Securities and Exchange Commission (SEC), in a press release, has extended the deadlines for submission of the Integrated Annual Corporate Governance Report (I-ACGR) and Sustainability Report for publicly-listed companies, issued on April 24, 2020, as a relief for the business sector amid the challenges brought by the recently extended Enhanced Community Quarantine (ECQ) due to the coronavirus disease (COVID-19) pandemic.