Regulatory Alerts2020-09-09
MC No. 25 s. 2020 — Guidelines in the Filing, Investigation and Resolution of Complaints for Violation of the Right to Inspect and/or Reproduce Corporate Records
The Securities and Exchange Commission promulgates guidelines establishing the procedure for filing, investigating, and resolving complaints regarding violations of the statutory right to inspect and reproduce corporate records. The document details the specific requirements for verified complaints, the grounds for dismissal, the summons and answer process, and the issuance of final orders and administrative sanctions. It further mandates confidentiality obligations for inspecting parties and excludes such disputes from alternative dispute resolution mechanisms while outlining the Commission's role in criminal prosecution.
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