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SEC Memorandum Circular No. 12, s. 2003
SEC Memorandum Circular No. 12, Series of 2003, concerns the suspension of thresholds on tender offers under Section 19 of the Securities Regulation Code (SRC). The Securities and Exchange Commission lists the issuance under its Tender Offer category. The official SEC record identifies the issuance as “MC No. 12 s.2003 – RE: Suspension of Thresholds…
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SEC Memorandum Circular No. 14, s. 2003
SEC Memorandum Circular No. 14, Series of 2003, provides guidelines for corporations or entities whose transactions are substantially denominated in a currency other than Philippine pesos and that qualify to use a functional currency other than the Philippine peso in preparing their financial statements. The circular defines functional currency and foreign currency, establishes the scope…
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SEC Memorandum Circular No. 15, s. 2003
SEC Memorandum Circular No. 15, Series of 2003, dated December 16, 2003, establishes guidelines intended to expedite the processing of requests for the issuance of legal opinions by the Securities and Exchange Commission. The circular requires requests to concern specific questions of law involving the interpretation and application of laws and rules enforced and implemented…
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SEC Memorandum Circular No. 13, s. 2003
SEC Memorandum Circular No. 13, Series of 2003, concerns the Accreditation and Reportorial Requirements of External Auditors of Public Companies and Secondary Licensees of the Commission. The SEC’s official archive identifies the issuance as an Erratum to the circular. The Erratum corrects a reference in Section 10.1 of SEC Memorandum Circular No. 13, Series of…
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SEC Memorandum Circular No. 5A, s. 2003
SEC Memorandum Circular No. 5A, series of 2003, serves as an addendum to SEC Memorandum No. 5, series of 2003. The issuance provides additional or clarifying provisions to the earlier SEC memorandum concerning regulatory requirements applicable to pre-need companies. The circular should be read together with SEC Memorandum No. 5, series of 2003, as the…
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SEC Memorandum Circular No.6
The SEC Memorandum Circular on the Standard for Valuation of Actuarial Reserve Liabilities for Pre-Need Plans establishes standards for the valuation of actuarial reserve liabilities of pre-need plans. The circular provides guidance for the proper determination and valuation of actuarial reserve liabilities to support the financial reporting and regulatory requirements applicable to pre-need plan issuers.…
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SEC Memorandum Circular No. 5, s. 2003
SEC Memorandum Circular No. 5, Series of 2003, dated April 3, 2003, implements the Corporate Governance Self-Rating System. The circular directs specified companies and entities to submit their duly accomplished Corporate Governance Self-Rating Forms (CG-SRF) to assess their level of compliance with leading practices and principles on good corporate governance. The covered entities include issuers…
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SEC Memorandum Circular No. 1, s. 2004
SEC Memorandum Circular No. 1, series of 2004, provides guidelines concerning foundations registered with the Securities and Exchange Commission. The circular sets out regulatory guidelines applicable to foundations and is intended to provide guidance on the requirements and procedures that foundations must observe under the SEC’s regulatory framework.
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SEC Memorandum Circular No. 2, s. 2004
SEC Memorandum Circular No. 2, series of 2004, concerns the adoption of the Statements of Financial Accounting Standards for financial reporting purposes. The circular provides guidance on the use and application of the Statements of Financial Accounting Standards in the preparation and presentation of financial statements by entities covered by the regulatory requirements of the…
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SEC Memorandum Circular No. 3, s. 2004
SEC Memorandum Circular No. 3, series of 2004, provides for the adoption of the Philippine Standards on Auditing by entities covered by the regulatory requirements of the Securities and Exchange Commission. The circular establishes the applicable auditing standards to be followed in the examination and reporting of financial statements and supports consistency and uniformity in…