Regulatory Alerts2023-09-29
SEC MC No. 17, Series of 2023 Extension of Amnesty Applications Until 06 November 2023
The Securities and Exchange Commission of the Philippines extends the deadline for corporations to file amnesty applications until 06 November 2023 to allow more entities to settle reduced fines and update their status. The directive mandates that eligible corporations submit an Expression of Interest via the eFAST platform by the new deadline, while supporting reportorial documents must be completed by 04 December 2023. Failure to submit complete requirements within these periods results in the forfeiture of paid amnesty fees and subjects non-compliant corporations to delinquent status and higher penalties.
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