Regulatory Alerts2020-10-27
MC No. 28 s.2020 — Requirement for Corporations, Partnerships, Associations, and Individuals to Create and/or Designate E-mail Account Address and Cellphone Number for Transactions with the Commission
The Securities and Exchange Commission mandates that all corporations, partnerships, associations, and individuals under its jurisdiction submit valid official and alternate e-mail addresses and cellphone numbers for regulatory transactions. These contact details must be designated to authorized persons and included in General Information Sheets or Notification Update Forms to facilitate electronic filing and serve as valid notice for administrative due process. Failure to comply with these requirements by the specified deadlines subjects the entity to a ten thousand peso administrative penalty.
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