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The Securities and Exchange Commission (SEC) continuously supports the Philippine government in its fight against the COVID-19 pandemic by contributing a total of P2 Billion from its accounts to the Bureau of Treasury.
The Commission made the transfer in accordance with Section 4(v) of Republic Act No. 11469, otherwise known as the Bayanihan to Heal as One Act, and with the instruction of the Department of Finance.
Since the implementation of the Enhanced Community Quarantine in the whole of Luzon, the SEC has already created measures to ease transactions and applications of corporations and other entities under its supervision. The SEC announced the extension of deadlines and the electronic submission of annual reportorial requirements. It has also developed the Interim Online Registration System (IORS) for One Person Corporation and Corporations with less than fiveincorporators, and is continuously processing registrations made thru the Company Registration System (CRS).
SEC Chairperson Emilio Benito Aquino himself stressed the fact that this pandemic has brought the world to a standstill, disrupted businesses and livelihoods, and caused the loss of lives, hence a collective response from all sectors is called for.
In the SEC Baguio Extension Office (SEC – BEO), employees are in Work from Home arrangement and are still committed in serving its clients. SEC – BEO attends to inquiries for registrations and applications for amendments via email at email@example.com and likewise accepts submissions of reportorial requirements such as the General Information Sheet and Financial Statements thru reports_BEO@sec.gov.ph.
“SEC has moved into position for the country’s fight against COVID-19. Aside from supporting other government agencies on the frontlines, we have worked on buttressing the corporate sector, capital market and investing public, which are crucial in the resilience of our economy and, more importantly, of the Filipino people,” Aquino said.
By Helen Veryan C. Valdez