SEC-Baguio further extends deadlines for Annual Reports

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The Securities and Exchange Commission (SEC) has extended further the deadlines for the submission of annual financial statements (AFS) and the General Information Sheet (GIS).

In a notice issued on August 11, the Commission announced that corporations will have until September 30 to submit the printed copies of their AFS for fiscal year ending November 30, 2019 and December 31, 2019 to the SEC Baguio Extension Office.

Corporations, whose fiscal years ended between January 31, 2020 and June 30, 2020, shall have 30 more days to file the printed or hard copies of their AFS, as follows:

Fiscal Year End                   New Filing Deadline
31 January 2020                       28 August 2020
29 February 2020                     28 September 2020
31 March 2020                           27 October 2020
30 April 2020                             11 November 2020
31 May 2020                               28 October 2020
30 June 2020                             27 November 2020

However, publicly listed companies, other issuers of registered securities and public companies shall continue complying with SEC Memorandum Circular No. 5, Series of 2020 and SEC Memorandum Circular No. 17, Series of 2020 in relation to their filing of annual reports.

Meanwhile, corporations, which held their annual stockholders’ meetings during the Enhanced Community Quarantine and Modified Enhanced Community Quarantine in their respective principal office addresses will have until September 30 to submit the printed or hard copies of their GIS to the SEC BEO.

All corporations are strongly encouraged to send their reportorial requirements via courier or PHLPost to the SEC-BEO located at the 3rd floor of Newtown Square, Navy Base Road, Baguio City.

In the meantime, corporations may submit the scanned copies of their duly signed and, if applicable, notarized reports through email at reports_beo@sec.gov.ph.

The documents shall be considered received on the date reflected in the Acknowledgment Receipt that the Commission shall send through email. However, the printed reports shall still be submitted through courier or PHLPost on or before the deadlines provided.

The Commission, however, will continue implementing work-from-home and other alternative work arrangements, in accordance with the guidelines issued by the Civil Service Commission, to minimize disruption in the delivery of services to the public.

Accordingly, the public may continue transacting business online. The SEC-BEO may be reached thru email at secbaguio@sec.gov.ph and phone at (074) 309-5804. (Written by Helen Veryan C. Valdez, SEC-BEO Information Officer)

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