Regulatory Alerts2023-12-05
SEC MC No. 22, Series of 2023 Guidelines on Filing and Annual Fees for REIT Fund Managers and Compliance Officers
The Securities and Exchange Commission issued Memorandum Circular No. 22, Series of 2023, to standardize the application and payment procedures for filing and annual fees applicable to Real Estate Investment Trust fund managers and their compliance officers. The directive mandates precise documentation and timely remittance of these financial obligations to maintain active regulatory registration. Failure to comply with these fee requirements will result in administrative sanctions and potential suspension of operational licenses.
22 Published: Philippine Star, 6 December 2023 Philippine Daily Inquirer, 6 December 2023 Filed with the UP Law Center: 5 Decembeer 2023
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