Regulatory Alerts2015-10-19
Implementation of the E-Dividend Mandate Management System (E-DMMS) Portal
The Commission mandates immediate adoption of the E-Dividend Mandate Management System (E-DMMS) Portal by all Registrars and Banks to digitize investor dividend processing. Registrars must validate, mark-check, and upload scanned mandate forms to the portal within 72 hours of bank transmission, while banks retain rejection rights for signature discrepancies. This mandatory digital transition will soon discontinue paper mandate verification at bank branches, requiring strict compliance with NIBSS integration protocols and validation standards.
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