SEC MC No. 02- 2023 Bulletin - March 2023

 The Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 2, series of  2023, entitled "Grant of Amnesty for Non-Filing  and Late Filing of General Information Sheet (GIS) and Annual  Financial Statement (AFS) and Non-Compliance with MC No. 28, s.  2020" (SEC MC No. 02-2023 or the "Circular"). The Circular  took effect on March 17, 2023. It provided the guidelines for  availing the amnesty on fines and penalties to be assessed and  collected by the SEC for the non-filing and late filing of the  General Information Sheet ("GIS") and/or Audited Financial  Statements ("AFS") for the latest and prior years, and the non[1]compliance with SEC Memorandum Circular No. 28, series of  2020 (Requirement for Corporations, Partnerships,  Associations and Individuals to Create and/or Designate Email  Account Address and Cellphone Number for Transactions  with the Commission) ("MC28").