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SEC Memorandum Circular No. 16, s. 2001
SEC Memorandum Circular No. 16, Series of 2001, concerns the deadline for filing requests for reconsideration involving reductions or waivers of penalties imposed for failure to timely file periodic and other reports required under the rules and regulations implemented by the Securities and Exchange Commission. The circular states that corporations that had not yet availed…
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SEC Memorandum Circular No. 1, s. 2002
SEC Memorandum Circular No. 1, s. 2002 issues the SEC’s Anti-Money Laundering Model Operating Manual for institutions regulated and supervised by the Commission. It directs covered SEC-regulated intermediaries to comply with procedural guidelines on covered transaction reporting, suspicious transaction reporting, customer identification, record retention, reporting procedures, compliance manuals, training, and internal control systems.
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SEC Memorandum Circular No. 02, s. 2003
SEC Memorandum Circular No. 2, Series of 2003, establishes a revised scale of fines intended to further rationalize the penalties imposed by the Securities and Exchange Commission and to ensure strict compliance with the Securities Regulation Code (SRC), its Implementing Rules and Regulations, the Investment Company Act (ICA), and their respective implementing rules and regulations.…
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SEC Memorandum Circular No. 3, s. 2003
SEC Memorandum Circular No. 3, Series of 2003, provides the guidelines and requirements for the accreditation of appraisal companies by the Securities and Exchange Commission. The circular establishes the requirements and procedures that appraisal companies must comply with to obtain accreditation with the SEC. It covers matters relating to the qualifications, documentary requirements, and other…
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SEC Memorandum Circular No. 04, s. 2003
SEC Memorandum Circular No. 4, Series of 2003 amends Rule II of the SEC Rules on Revocation of the Certificate of Registration of Corporations, Series of 1992. The amendments establish procedures for issuing show cause orders and provide corporations with an opportunity to appear at a hearing or explain why their certificates of registration should…
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SEC Memorandum Circular No. 07, s. 2003
SEC Memorandum Circular No. 7, Series of 2003, is addressed to all corporations with secondary licenses granted by the Securities and Exchange Commission. The SEC officially lists the circular under its Anti-Money Laundering issuances. The circular forms part of the SEC’s regulatory requirements applicable to corporations holding secondary licenses and relates to compliance requirements associated…
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SEC Memorandum Circular No. 3, s. 2002
SEC Memorandum Circular No. 3, s. 2002 prescribes the requirements for pre-need plan issuers applying for a price increase. It requires the filing of a petition, an actuarial certification from an SEC-accredited actuary, a new price schedule, and a filing fee based on the increase in plan price and number of unsold plans. The circular…
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SEC Memorandum Circular No. 08, s. 2003
SEC Memorandum Circular No. 8, Series of 2003, concerns the rotation of external auditors. The Securities and Exchange Commission officially lists the circular under its accreditation issuances and identifies it as “MC No. 8 s.2003 – RE : Rotation of External Auditors.” The circular forms part of the SEC’s regulatory framework concerning external auditors and…
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SEC Memorandum Circular No. 5, s. 2002
SEC Memorandum Circular No. 5, s. 2002 establishes the Commission’s accreditation system for external auditors and auditing firms engaged by public companies. The Circular prescribes qualification standards, accreditation procedures, reporting obligations, disclosure requirements, grounds for suspension or delisting, administrative sanctions, and the responsibilities of both external auditors and public companies to strengthen the reliability of…
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SEC Memorandum Circular No. 09, s. 2003
SEC Memorandum Circular No. 9, Series of 2003, concerns the adoption of the Philippine Standards on Auditing (PSAs). The Securities and Exchange Commission officially lists the issuance under its Financial Reporting issuances as “MC No. 9 s.2003 – RE : Adoption of the Philippine Standards on Auditing.” The circular forms part of the SEC’s implementation…