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SEC Memorandum Circular No. 4, series of 2004, provides guidelines concerning voting by mail and the one share-one vote policy for corporations subject to the regulatory requirements of the Securities and Exchange Commission. The circular addresses voting procedures and the application of the one share-one vote principle in corporate decision-making, supporting the proper exercise of…

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SEC Memorandum Circular No. 6, series of 2004, provides guidelines concerning the Audit Committee of corporations subject to the regulatory framework of the Securities and Exchange Commission. The circular addresses the role and responsibilities of the Audit Committee in relation to corporate governance, financial reporting, internal controls, and the oversight of audit-related matters.

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SEC Memorandum Circular No. 8, series of 2004, provides requirements concerning the certification of compliance officers of corporations subject to the regulatory framework of the Securities and Exchange Commission. The circular establishes the applicable certification requirement for compliance officers and supports the SEC’s regulatory and corporate governance requirements concerning compliance functions.

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SEC Memorandum Circular No. 10, Series of 2004, dated July 13, 2004, declares the regulatory shift to and eventual adoption by all registered Brokers Dealers of the Risk Based Capital Adequacy Requirement/Ratio (RBCA). The circular was issued pursuant to the SEC’s regulatory and supervisory powers under Section 5 of the Securities Regulation Code. The RBCA…

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SEC Memorandum Circular No. 11, series of 2004, provides guidance to SEC-covered and regulated institutions concerning the submission of reports to the Anti-Money Laundering Council. The circular sets out reporting-related requirements applicable to covered institutions and provides guidance concerning compliance with the applicable anti-money laundering regulatory framework.

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SEC Memorandum Circular No. 12, series of 2004, provides guidelines concerning the preparation of the revised Anti-Money Laundering Operating Manual for covered institutions. The circular provides guidance to covered institutions on preparing their revised operating manuals in accordance with applicable anti-money laundering requirements and the regulatory framework of the Securities and Exchange Commission.

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SEC Memorandum Circular No. 13, Series of 2004, concerns amendments to Rule 34.1 and Rule 38 of the Implementing Rules and Regulations of the Securities Regulation Code (SRC). The amendments relate to the regulatory requirements applicable to covered companies under the SRC, including provisions concerning corporate reporting and the requirements relating to independent directors. The…

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SEC Memorandum Circular No. 14, Series of 2004, dated October 29, 2004, amends Annex “C” of Rule 12 of the implementing rules concerning periodic reports of listed companies and other issuers of registered securities to the public. The amendments were approved by the SEC Commission en Banc at its meeting on October 14, 2004, with…

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SEC Memorandum Circular No. 15, Series of 2004, dated October 29, 2004, amends the Accreditation and Reportorial Requirements of External Auditors of Public Companies and Secondary Licensees of the Commission under SEC Memorandum Circular No. 13, Series of 2003. The Commission En Banc approved the revisions at its meeting held on October 14, 2004. The…

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SEC Memorandum Circular No. 17, Series of 2004, dated November 4, 2004, addresses the recording of Deeds of Assignment of Shares of Stock with the Securities and Exchange Commission. The circular states that recording a Deed of Assignment in the corporation’s Stock and Transfer Book makes the transfer valid as against the corporation and other…

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