THE Securities and Exchange Commission (SEC) is extending the deadline for the submission of the required contact details of entities under its jurisdiction to November, in an effort “to bolster the economic recovery of the business sector during the pandemic.”
“The SEC has extended the deadline for corporations, partnerships, and individuals under the jurisdiction and supervision of the commission to comply with SEC Memorandum Circular No. 28, series of 2020, without penalty, until Nov. 11, 2021,” the regulator said in a notice dated Sept. 8.
Those who fail to file forms or notices by the new deadline will be subjected to a penalty fee worth P10,000.
The memorandum requires persons and entities under the commission’s supervision to have an official e-mail account address and official cellphone number, as well as back-up or alternate contact details, for its transactions with the commission.
These should be under the control of the entity’s corporate secretary or an authorized representative.
Submission of forms or notices of the memorandum may be sent via MC28_S2020@sec.gov.ph. On the notice published online, the SEC also provided contact details of local offices. — Keren Concepcion G. Valmonte
