On August 19, 2019, the Commission En Banc approved the latest revision of the Securities Regulation Code Rule which states the financial statement requirements (form and content) among covered corporations.
Additional requirements for financial statements of corporations covered under Section 17.2 of the SRC are set forth under Part II of the SRC Rule.
Unless otherwise specified, the Revised SRC Rule 68, shall become effective for AFS covering period ending 31 December 2019 and onwards, and for interim financial statements starting the first quarter of 2020, and thereafter.
All other requirements shall be effective for all applicable reports or activities after fifteen (15) days from the date of publication of this Rule.
To read the full text of this rule, please refer to the uploaded PDF File.