Regulatory Alerts2026-05-14
SEC MC No. 16, Series of 2026 — Suspension of Per Month Delay Penalty for Late and Non-Filing of Reportorial Requirements
The Securities and Exchange Commission issued Memorandum Circular No. 16, Series of 2026, suspending the per month of delay penalty for late and non-filing of reportorial requirements under MC No. 6, Series of 2024. This suspension applies uniformly to all domestic and foreign corporations subject to the previous circular, removing the monthly penalty component from pending or future assessments while maintaining the base fine and the obligation to file Annual Financial Statements and General Information Sheets. The suspension is effective prospectively from the circular's publication date until December 31, 2026, after which the penalty automatically resumes unless the Commission modifies or extends the exemption.
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