SEC Memorandum Circular
Series of 2001
: All Corporations
: Deadline for Filing Requests for Reconsideration
: December 18, 2001
view of the current global financial crisis, the Commission, in lieu of an
amnesty, has been granting requests for reduction or waiver of penalties imposed
on public companies, brokers and dealers. pre-need companies and other
corporations, for failure to file on time periodic and other reports that are
required under the rules and regulations being implemented by the Commission.
the Commission, in its meeting of December 13, 2001, resolved that corporations
which have not yet availed of said policy shall have up to March 31, 2002 within
which to file similar requests. The same shall cover only assessments made by
the Commission as of December 29, 2001.
Circular shall take effect fifteen (15) days following its publication in a
newspaper of general circulation.