Regulatory Alerts2026-01-12
SEC Memorandum Circular No. 3 Series of 2026 on eAMEND Portal Amendment Processing Guidelines and Penalty Schedules
The Securities and Exchange Commission of the Philippines issued Memorandum Circular No. 3, Series of 2026 to establish revised guidelines for classifying, processing, and submitting corporate amendment applications through the eAMEND portal. The circular expands expedited Simple Processing for routine amendments while routing complex and highly technical transactions through Regular Processing, mandating upfront fee payment, digital certificate issuance, and strict post-approval deadlines for hard copy submission. It enforces compliance through graduated penalties, imposing a five-thousand-peso fine for Simple Processing applications delayed beyond fifteen days and automatic cancellation with fee forfeiture for non-compliance or delays exceeding forty-five days.