The Securities and Exchange Commission (SEC) is extending the deadline for the submission of the contact details of corporations, partnerships, and individuals under its jurisdiction to Aug. 31.
The SEC’s Memorandum Circular No. 28, series of 2020 requires persons and entities under its supervision to create and/or designate an e-mail account address and cellphone number for its transactions with the commission, along with the General Information Sheet or their Notification Update Form.
An alternate e-mail address and another cellphone number are also required.
Corporations are required to include the complete name and signature of their corporate secretary, an officer in charge of its administration and management, or an authorized representative. Meanwhile, partnerships must secure the signature of the managing partner or an authorized representative.
Covered persons must submit a notice to change their contact details by using a form. Forms or notices may be filed through e-mail via [email protected].
The commission will consider submissions beyond the Aug. 31 deadline as noncompliant and a P10,000 penalty fee will be imposed. — Keren Concepcion G. Valmonte