Regulatory Alerts2023-04-28
SEC Memorandum Circular No. 06, Series of 2023: Amendment of MC No. 2, Series of 2023, and Extending the Deadline of Amnesty Applications
The Securities and Exchange Commission extends the deadline for amnesty applications under MC No. 2, Series of 2023, until June 30, 2023, to accommodate corporations facing overlapping regulatory deadlines. Eligible corporations must submit complete requirements within ninety days of payment, with non-compliance resulting in the forfeiture of payments and waiver of the amnesty process. An updated scale of fines and penalties for covered reportorial requirements becomes effective on July 1, 2023.
Share