SEC Eases Penalties on Late Submission of AFS and GIS Filings
The Securities and Exchange Commission (“SEC”) has temporarily suspended the imposition of the “per month of delay penalty” for the late and non-filing of reportorial requirements, particularly the Annual Financial Statements (“AFS”) and General Information Sheet (“GIS”), pursuant to SEC Memorandum Circular No. 16, Series of 2026 (“MC 16-2026”). The suspension forms part of the …
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