SEC

The Philippines is still struggling to win the battle against Covid-19. After almost two (2) months of putting the whole country under quarantine measures, the government has taken gradual steps to open the essential businesses as well as government offices to cope with the declining economy. Philippine Securities and Exchange Commission (SEC) together with other government offices has extended the submission of reports such as the Audited Financial Statements (AFS) to ensure the overall welfare of the public during this challenging pandemic period. With the lifting of the Enhanced Community Quarantine (ECQ) on May 16, 2020, the SEC through Memorandum Circular [...]

By: Hergie Ann De Guzman The pandemic we are facing now is a challenge to everyone, including the business owners for the continuance of their business operations. Moreover, governing bodies, such as the Philippine Securities and Exchange Commission (SEC ) are also faced with the challenge to effectively continue catering the needs of the companies and new business registrants. Company Registrations The SEC continues to accept online applications for the registration of Corporations and Partnerships through the Company Registration System (CRS) (https://crs.sec.gov.ph/). Companies may send an email to bearceo@sec.gov.ph for queries on online registration. Verification of payment and generation of Certificates [...]

By: Hergie Ann De Guzman The Philippine Securities and Exchange Commission (SEC), amid the COVID-19 pandemic and implemented Community Quarantine, has been continuously providing the public with convenient ways on how companies could comply with the SEC’s reportorial requirements without compromising the public’s health condition.  Below are the policies implemented by the SEC to ensure proper compliance of registered companies even during the pandemic.  Covered Reports   Audited Financial Statements (AFS), General Form for Financial Statements (GFFS), and Special Form for Financial Statements (SFFS) SEC Memorandum Circular No. 5 s.2020 issued on March 12, 2020 extends the submission of the AFS, [...]