by admin | May 7, 2018 | Relevant Laws and Other Regulatory Updates
Dear All, On April 20, 2018, the Securities and Exchange Commission (SEC), released Memorandum Circular No.8 Series of 2018 pertaining to adoption of rules for Publicly-listed Companies (PLC) related to (1)Shareholders’ approval on any change/s in the Company’s...
by admin | May 7, 2018 | Relevant Laws and Other Regulatory Updates
Dear All, Last April 20, 2018, the Securities and Exchange Commission (SEC) released Memorandum Circular No.7 Series of 2018 pertaining to amendment to 2015 Implementing Rules and Regulation (IRR) ofSecurities Regulation Code (SRC). The SEC, in its En Banc meeting,...
by admin | May 2, 2018 | Relevant Laws and Other Regulatory Updates
Dear All, Last April 25, 2018, the Insurance Commission (IC) issued a supplement to Circular Letter (CL) 2017-31 on theFiling of Audited Financial Statements through the issuance CL 2018-29. The following are the list of additional documents to be submitted to IC in...
by admin | May 2, 2018 | Relevant Laws and Other Regulatory Updates
Dear All, On April 10, 2018, the Insurance Commission (IC) released Guidelines on Companies (All Insurance Companies) that Fail to Comply with the Net Worth Requirement of Section 194 through Circular Letter 2018-25. A domestic insurance company shall have a net worth...
by admin | Apr 9, 2018 | Relevant Laws and Other Regulatory Updates
Dear All, On April 5, 2018, the Securities and Exchange Commission (SEC) approved the adoption of the following pronouncements as part of its rules and regulations on financial reporting: Philippine Financial Reporting Standard (PFRS) 16, Leases An entity shall apply...
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