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SEC Memorandum Circular No. 18, s. 2004
SEC Memorandum Circular No. 18, Series of 2004, provides guidelines for implementing Section 6(c) of the Rules and Regulations implementing Republic Act No. 8556, otherwise known as the Financing Company Act of 1998. The circular establishes requirements governing the minimum capitalization of financing companies that have or intend to maintain branch offices. Under the circular,…
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SEC Memorandum Circular No. 19, s. 2004
SEC Memorandum Circular No. 19, Series of 2004, adopts Philippine Financial Reporting Standards (PFRS) approved by the Accounting Standards Council. The SEC approved the adoption through Resolution No. 662, Series of 2004. The standards include the final batch of Philippine Accounting Standards (PAS), revised International Accounting Standards (IASs), and Philippine Financial Reporting Standards (PFRSs) based…
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SEC Memorandum Circular No. 16, s. 2004
SEC Memorandum Circular No. 16, Series of 2004, adopts the Risk Based Capital Adequacy Requirement/Ratio (RBCA) for brokers and dealers of securities. The circular was adopted on November 11, 2004 and concerns the implementation of capital adequacy requirements for broker-dealers based on the risks associated with their securities activities. The SEC’s official issuance index lists…
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SEC Memorandum Circular No. 05, s. 2001
SEC Memorandum Circular No. 05, s. 2001 extends the application of the guidelines prescribed in SEC Memorandum Circular No. 5 dated August 6, 1996 to stock corporations whose securities are not registered under the Securities Regulation Code (SRC) and to non-stock corporations. The circular applies only when the corporation’s by-laws do not contain rules governing…
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SEC Memorandum Circular No. 11, s. 2001
SEC Memorandum Circular No. 11, s. 2001 adopts into SEC rules and regulations certain Statements of Financial Accounting Standards approved by the Accounting Standards Council. These standards relate to financial statement presentation, inventories, contingencies, foreign exchange, intangible assets, investments, income recognition, stockholders’ equity, banking, business combinations, cash flow statements, income taxes, retirement benefit costs, borrowing…
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SEC Memorandum Circular No. 12, s. 2001
SEC Memorandum Circular No. 12, s. 2001 implements Special Resolution No. 103, Series of 2001 of the Commission En Banc dated September 12, 2001. It suspends certain mandatory tender offer provisions under SRC Rule 19 during the exemption period, imposes reporting and publication requirements for covered exempt acquisitions, and sets reporting requirements for brokers or…
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SEC Memorandum Circular No. 13, s. 2001
SEC Memorandum Circular No. 13, s. 2001 establishes interim regulatory guidelines for lending investors following Department of Justice Opinion No. 46, Series of 2001, which placed lending investors without quasi-banking functions under the regulatory authority of the Securities and Exchange Commission. The circular requires lending investors engaging in direct lending activities to comply with the…
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SEC Memorandum Circular No. 14, s. 2001
SEC Memorandum Circular No. 14, s. 2001 establishes uniform guidelines for determining the compensation and reimbursement of members of Management Committees (MANCOM), rehabilitation receivers, and liquidators appointed in proceedings under the jurisdiction of the Securities and Exchange Commission. It prescribes the standards for fixing compensation, allowable expenses, fund releases, reporting obligations, and the circumstances under…
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SEC Memorandum Circular No. 02, s. 2001
SEC Memorandum Circular No. 2, Series of 2001, concerns the submission of SEC reportorial requirements. The Securities and Exchange Commission lists the issuance under its 2001 Memorandum Circulars and under categories including General Information Sheet and Anti-Money Laundering-related issuances. The official SEC record identifies the document as “MC No. 2 s.2001 – RE: Submission of…
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SEC Memorandum Circular No. 04, s. 2001
SEC Memorandum Circular No. 4, Series of 2001, concerns the Schedule of Fees, Fines and Penalties imposed by the Securities and Exchange Commission. The SEC officially lists the issuance under its 2001 Memorandum Circulars and under the category of Fees and Penalties. The circular provides the applicable fees, fines, and penalties for transactions and compliance…