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SEC adopts zero face-to-face setup amid Covid-19 surge

January 12, 2022 - Wednesday 5:01 PM by GDM

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The Securities and Exchange Commission announced Wednesday it will be adopting a zero face-to-face transaction policy starting tomorrow, January 13, as it aims to avoid the further spread of COVID-19 in the workplace.

In a statement, the SEC said the new set-up would be implemented in its main office in Pasay City and former headquarters in Mandaluyong City.

The Commission said it will maintain a skeleton workforce and implement other alternative work arrangements to ensure the uninterrupted delivery of services despite the adjustments in its operations.

The SEC has also provided interim guidelines for the processing of company registration, submission of reportorial requirements, and other transactions through its online portals, email, courier, and other remote means.

For the registration of domestic stock and nonstock corporations and for the recording of partnerships and licenses to do business for foreign corporations, applicants may use the Electronic Simplified Processing of Application for Registration of Company.

Applicants may also use the One-day Submission and E-registration of Companies under the eSPARC for the registration of domestic stock corporations, which may be one person corporations or corporations with two to 15 incorporators, board of directors and stockholders.

Meanwhile, all submissions of annual financial statements (AFS) and general information sheet (GIS) must be done through the Electronic Filing and Submission Tool (eFAST).

Other reports, documents, and communications not covered by eFAST may be submitted through email at ictdsubmission@sec.gov.ph.

Clients who wish to request for SEC documents may do so through the SEC Express System. The documents will be delivered to the mailing address of the applicant through courier within 10 to 15 days.

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