SEC Releases New Deadline on Submission of Mandatory Disclosure Form in the Philippines
The Securities and Exchange Commission (SEC), in a public notice dated June 2020, has further extended the deadline for submission of the Mandatory Disclosure Form (MDF) for non-stock corporations.
Online filing and submission of the MDF shall immediately be acted upon by the Non-Stock Corporations who are yet to submit hard copies of their MDF. Online forms shall be accessible on weekdays, Monday to Friday from 8:00 AM to 5:00 PM only.*
*We encourage immediate MDF filing and submission to avoid difficulties in compliance on the deadline of filing.
The notice shall apply to all non-stock corporations in the Philippines.
Online filing and submission of the MDF shall be considered ONLY as partial compliance.
The following must be accomplished for full compliance with SEC:
- Original duly-signed MDF
- Notarized printed copy
- Submission of (a) and (b) to the SEC Main Office or any of its extension offices on or before the deadline.