The Securities and Exchange Commission (SEC) released a memorandum to improve its efforts to fight against money laundering and terrorist financing in the Philippines.
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) warns the public from participating in investment schemes of two unauthorized investment groups.
The Securities and Exchange Commission (SEC), in a public notice dated September 21, 2020, has implemented a mandatory one-time 60-day grace period covering all existing, current, and outstanding loans as a relief to borrowers pursuant to Republic Act (RA) No. 11494, otherwise known as the Bayanihan to Recover As One Act.
The Securities and Exchange Commission (SEC) released a memorandum that seeks to uphold the rights of stakeholders to inspect corporate records. This action was initiated afteCr numerous complaints against companies refusing stakeholder’s access to such records were filed to SEC.
The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has issued further extended deadlines for the submission of Annual Reports (AR) in the Philippines. The circular likewise reiterates the guidelines on the filing process through various modes for the compliance of concerned corporations.
The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has further adjusted the submission deadlines of Annual Reports, Annual Financial Statements (AFS), and General Information Sheet (GIS) due to reimplemented Modified Enhanced Community Quarantine (MECQ), which ended on August 18, 2020, covering the National Capital Region (NCR) and other areas of Luzon.