The Securities and Exchange Commission (SEC) said it will allow corporations enrolled in the newly launched Online Submission Tool (OST) to submit electronically signed annual financial statements (AFS) while Metro Manila and nearby provinces remain under enhanced community quarantine.
The Securities and Exchange Commission (SEC) said it will migrate by April 19 to a new company registration portal called the electronic simplified processing of application for registration of company (eSPARC).
The Securities and Exchange Commission (SEC) has launched its online submission tool (OST) for annual financial statements (AFS), general information sheet (GIS), and other annual reports.
The newly developed SEC Payment Portal is a Web-based system that also allows for the payment of fees and penalties online using debit and credit cards, digital wallets, and other cashless payment options.
The framework, which will cover all financial institutions performing multiple regulated activities using a single application platform, aims to facilitate seamless regulation and supervision of fintech companies.
The SEC said it will no longer accept submissions made through email, mail or courier, and provide drop boxes in its offices once the online submission tool (OST) goes live.
In separate advisories issued on Feb. 9, the SEC advised the public to exercise caution when dealing with Solmax Global Limited and Igniter 100, as well as BitAccelerate.
Investree Philippines, a joint venture between Filinvest Development Corporation and Investree Singapore, is the first crowdfunding intermediary and funding portal registered with the SEC since the Rules and Regulations Covering Crowdfunding took effect in July 2019.
The SEC said Super Cash Lending Corp., operating through its online lending platforms Super Cash, Cash Porter, and Loan Bee, threatened borrowers with shaming on social media through the publication of their loan and personal details, as well as with estafa and theft charges.
Under the proposed rules, a regulated entity must create a management group called the Information Security Group (InfoSec Group), separate from its existing Information Technology Group, and appoint a Chief Information Security Officer.
