SEC MC No. 9-2023 Bulletin

The Philippine Securities and Exchange Commission ("SEC") has further extended to September 30, 2023 the deadline for amnesty applications for late and non-filing of annual financial statements ("AFS"), general information sheets ("GIS"),as well asnon-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"), and streamlined the application process to further encourage qualified corporations to avail of the amnesty. The further extension and streamlining of the application process was granted through SEC Memorandum Circular No.9, series of 2023, titled Further Extension of the Deadline for Amnesty Applications under SEC Memorandum Circular No.2, Seriesof 2023,and Streamliningof the Application Process (SEC MC No.9-2023 or the "Circular").