BACOLOD

SEC extends deadlines for annual reports anew

THE Securities and Exchange Commission (SEC) has extended further the deadlines for the submission of annual financial statements (AFS) and the General Information Sheet (GIS).

In a notice issued on August 11, the commission announced that

corporations, regardless of their SEC registration or license numbers, will have until September 30 to submit the printed or hard copies of their AFS for the periods ending November 30, 2019 and December 31, 2019 to the SEC Main Office and Extension Offices.

Corporations whose fiscal years ended between January 31, 2020 and June 30, 2020, shall have 30 more days to file the printed or hard copies of their AFS.

However, publicly listed companies, other issuers of registered securities and public companies shall continue complying with SEC Memorandum Circular No. 5, Series of 2020 and SEC Memorandum Circular No. 17, Series of 2020 in relation to their filing of annual reports.

Meanwhile, corporations that held their annual stockholders’ meetings during the enhanced community quarantine and modified enhanced community quarantine in Metro Manila, will have until September 30 to submit the printed or hard copies of their GIS to the SEC Main Office and Extension Offices.

All corporations shall comply with the commission’s directive that submissions to the SEC Main Office shall be made through courier services, including express delivery services, or through the Philippine Postal Corporation (PHLPost) using the SEC Express Nationwide Submission (SENS) facility at https://sens.secexpress.ph.

In the meantime, corporations may submit the scanned copies of their duly signed and, if applicable, notarized reports through email at the addresses provided.

The documents shall be considered received on the date reflected in the acknowledgment receipt that the Commission shall send through email.

However, the printed reports shall still be submitted through courier or PHLPost on or before the deadlines provided.

The SEC Main Office located in Secretariat Building, Philippine International Convention Center (PICC) Complex, Roxas Boulevard, Pasay City will operate with a skeleton workforce while Metro Manila remains under MECQ from August 4 to 18.

The Commission will accordingly reschedule all other on-site transactions and activities during the MECQ period, including the SEC Certification Examinations scheduled for August 5, 7, 10, 12 and 17, 2020.

The Commission, however, will continue implementing work-from-home and other alternative work arrangements, in accordance with the guidelines issued by the Civil Service Commission, to minimize disruption in the delivery of services to the public.

Accordingly, the public may continue transacting business online.

The pertinent guidelines and interim hotline numbers are available on the SEC website at https://www.sec.gov.ph/investors-education-and-information/covid-19-related-issuances/. (PR)


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