Beneficial Ownership Transparency Guidelines

This is a bulletin on Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 01, series of 2021, entitled "Guidelines in Preventing the Misuse of Corporations for Illicit Activities through Measures Designed to Promote Transparency of Beneficial Ownership" (SEC MC No. 01-2021 or the Beneficial Ownership Transparency Guidelines). The circular took effect on January 29, 2021 and its full text is at https://www.sec.gov.ph/mc-2021/mc-no-01-s-2021/.

1. Mandatory Disclosure by Nominee Shareholders/Directors/Trustees of Existing Corporations
2. Mandatory Disclosure by Nominee Incorporators/First Directors/Trustees and Shareholders of Corporations Applying for Registration
3. Disclosure and Recording of the Alienation, Sale or Transfer of Shares of Stock