Regulatory Alerts2024-11-29
SEC MC No. 17, Series of 2024: Extension of Enhanced Compliance Incentive Plan Applications Until 31 December 2024
The Securities and Exchange Commission extends the deadline for the Enhanced Compliance Incentive Plan applications until 31 December 2024 to allow regulated entities more time to submit complete reportorial requirements. Non-compliant, suspended, and revoked corporations must file their Expression of Interest, Audited Financial Statements, General Information Sheets, and supporting documents via the eFAST system to avail of reduced fines and penalties. The Commission mandates payment of fees through eSPAYSEC and warns that failure to submit the complete set of requirements within the prescribed period will result in the forfeiture of the paid ECIP fees.
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