Regulatory Alerts2022-02-08
MC No. 02 s. 2022 — Schedules for Filing of Annual Financial Statements and General Information Sheet
The Securities and Exchange Commission of the Philippines mandates the use of the Electronic Filing and Submission Tool (eFAST) for filing Annual Financial Statements and General Information Sheets to ensure orderly processing and public safety. The circular establishes a specific filing schedule for corporations with fiscal years ending December 31, 2021, based on the last digit of their SEC registration number, while granting extensions for listed companies and defining thresholds for audit requirements. It further requires General Information Sheets to be filed within 30 days of annual meetings and prohibits over-the-counter or mail submissions in favor of digital filing via eFAST.
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