SEC extends amnesty on regulatory filing

The Securities and Exchange Commission extended again the deadline for amnesty applications for late and non-filing of annual financial statements, general information sheets and official contact details.

The new deadline for all amnesty applications was reset to Sept. 30, as provided under SEC Memorandum Circular No. 9, Series of 2023, issued on June 30. SEC chairman Emilio Aquino said the agency was swamped with amnesty applications.

The regulator said it is giving eligible companies two more months to comply with reportorial requirements before higher penalties are imposed by Oct. 1.