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Corporate Services Department Client Bulletin: Recent SEC Issuances  

by Simeon Ken Ferrer, Leah Abutan

Published: August, 2020

Submission: August, 2020

 



This is a briefing of the latest COVID-19 related issuances of the Securities and Exchange Commission (“SEC”) as of 8 July 2020:


A.1. Filing of General Information Sheet (“GIS”) and Audited Financial Statements (“AFS”)


A.2. Extension of Deadline for Filing of AFS of Corporations within the Jurisdiction of SEC Cebu Extension Office


B. Options for the Submission of Reports, Applications, and Other Documents During the Effectivity of All Community Quarantine Imposed Due to COVID-19 for companies under the supervision of the Corporate Governance and Finance Department (“CGFD”)


C.1. Interim Guidelines for the Limited Manual Operations of SEC Office of the General Counsel (“SEC-OGC”) during the Period of State of National Emergency due to COVID-19 Pandemic, as amended


C.2 Running of Reglementary Period in the Filing of Petitions, Appeals, Motions, and Other Pleadings in the SEC-OGC


D.1. Suspension of Work at the SEC Main Office


D.2. Suspension of Work at the SEC Cebu Extension Office


D.3. Resumption of Work at the SEC Tarlac Extension Office


 


 


A.1. Filing of GIS and AFS Adjusted Deadlines The SEC announced1 the adjusted deadlines for the filing of the AFS and GIS, as follows:


AFS


Filing Schedule: July 1, 2, 3, 6, 7, 8, 9, 10; August 10,11,12,13,142
Last Digit of SEC Registration Number/License Number: 1 and 2


Filing Schedule: July 13, 14, 15, 16, 17
Last Digit of SEC Registration Number/License Number:
3 and 4


Filing Schedule: July 20, 21, 22, 23, 24
Last Digit of SEC Registration Number/License Number:
5 and 6


Filing Schedule: July 27, 28, 29, 30
Last Digit of SEC Registration Number/License Number: 
7 and 8


Filing Schedule: August 3, 4, 5, 6, 7
Last Digit of SEC Registration Number/License Number:
9 and 0


GIS


Corporations which held their annual stockholders’ meetings during the Enhanced Community Quarantine and the Modified Enhanced Community Quarantine in the National Capital Region may submit their GIS until 31 August 2020, without incurring penalties.3


Mode of Filing


To avoid further crowding in the SEC Main Office, corporations are advised to avail of the alternative modes of filing, i.e., either through SEC Express Nationwide Submissions (“SENS”) or via email.4


SENS


The SENS service allows filers to directly submit hard copies of the GIS and the AFS either through courier or the Philippine Postal Corporation (“PhilPost”). For reports submitted through courier, the date of mailing of reports, as shown by the registry receipt of the courier, shall be considered as the date of submission of the GIS and AFS. 


Read the entire Corporate Services Department Client Bulletin here.


 


Footnotes:

1http://www.sec.gov.ph/wp-content/uploads/2020/06/2020Notice_Resumption-of-Operations-in-SEC-Main


2 Following the suspension of work at the SEC Main Office on July 9 and 10, 2020, the SEC announced that corporations with SEC registration or license numbers ending in 1 and 2 shall have another week, from 10 to 14 August 2020.


See SEC Notice dated 8 July 2020, http://www.sec.gov.ph/wp-content/uploads/2020/07/2020Notice_Suspensionof-Work-at-the-SEC-Main-Office.pdf


3 http://www.sec.gov.ph/wp-content/uploads/2020/06/2020Notice_Resumption-of-Operations-in-SEC-MainOffice-and-Adjustment-of-Deadlines.pdf


4 http://www.sec.gov.ph/wp-content/uploads/2020/06/2020Notice_Resumption-of-Operations-in-SEC-MainOffice-and-Adjustment-of-Deadlines.pdf


 

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