The Securities and Exchange Commission (SEC) has extended the deadline to August 31, 2021 for corporations, partnerships, and individuals under its supervision to designate and submit their official email addresses and mobile phone numbers.
In a notice issued on July 15, the Commission announced the further extension of the deadline for the submission of the requirement under SEC Memorandum Circular No. 28, Series of 2020 (MC 28).
Corporations, partnerships and individuals registered with the SEC may download the forms referred to as Annex D-G from the SEC website and file them through email at [email protected].
The SEC will also accept manual submissions. Those who plan to submit their forms at the Commission’s main office within the PICC Complex in Pasay City must first book an appointment
at https://sesas.secexpress.ph.
The Commission said it may impose a penalty of P10,000 on corporations, partnerships and individuals under its supervision for their failure to comply with the memorandum circular by August 31.
The submission shall include the complete name of the corporation, association, partnership, or person; SEC registration number or identification number; and their duly authorized representative.
The email addresses and mobile phone numbers shall be under the control of the corporate secretary,
the person charged with the administration and management of the corporation sole, the resident agent of the foreign corporation, the managing partners, the individual, or the duly authorized representative.
The submission shall be accompanied by a duly signed authorization or certification, which shall state that the corporation, partnership or person allows the SEC to send communications through the email addresses and mobile phone numbers provided for the purpose of complying with the notice requirement of administrative due process.
The authorization or certification must be signed by the corporate secretary, managing partner, resident agent or the duly authorized representative of the corporation, partnership or individual registered with the SEC.
Registered corporations, partnerships or individuals who are unable to create email accounts due to lack of internet connection in their principal office addresses may only submit their official and alternate mobile phone numbers to comply with MC 28 initially.
Moving forward, the email addresses and mobile phone numbers shall be included in the General Information Sheet (GIS) or Notification Update Form regularly filed with the Commission.
Newly registered corporations, meanwhile, must designate and submit their official and alternate email addresses and mobile phone numbers within 30 days from the issuance of their certificates of registration, license or authority. The SEC requires corporations, partnerships, and individuals under its jurisdiction to designate their official email addresses and mobile phone numbers, as well as alternate email addresses and mobile phone numbers, to facilitate the faster transmission of official communications and online transactions