Regulatory Alerts2020-01-21
SEC Memorandum Circular No. 2 Series of 2020: 2020 Filing of Annual Financial Statements and General Information Sheet
The Securities and Exchange Commission of the Philippines issued this memorandum to establish the filing schedule and requirements for the 2020 Annual Financial Statements and General Information Sheets. It mandates that corporations with fiscal years ending December 31, 2019, submit their Audited Financial Statements according to a number-coding schedule based on their SEC registration numbers, while specifying exemptions for listed entities and those under Commission on Audit. The circular also dictates that General Information Sheets must be filed within 30 days of annual meetings or license anniversaries and outlines submission options including the SEC Express Nationwide Submission service.
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