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SEC issued 2012 schedule of filing of annual financial statements

SEC issued 2012 schedule of filing of annual financial statements

16 August 2011

The Philippine Securities and Exchange Commission (SEC) issued yesterday SEC Memorandum Circular No. 6 (Series of 2011), 2012 Schedule of Filing of Annual Financial Statements, (SEC Circular 6) to provide guidance on the filing of entities' financial statements for the year ending December 31, 2011.  SEC Circular 6 covers the following:

1.    Schedule of filing in 2012 of all public and nonpublic entities including branch offices, representative offices, regional headquarters and regional operating headquarters.  Below is the schedule of filing based on the entities' last numerical digit of their SEC registration or license number:

    Filing Period         Last Digit of SEC Registration No.
    April 16 to 20             "1" and "2"
    April 23 to 27             "3" and "4"
    April 30 to May 4        "5" and "6"
    May 7 to 11                "7" and "8"
    May 14 to 18              "9" and "0"

2.    Prior to April 16, 2012, entities are allowed to file their financial statements regardless of the last numerical digit of their SEC registration or license number.

3.    Late filing shall only be accepted by the SEC starting May 21, 2012 and shall be subjected to the prescribed penalties.

4.    For public entities, requests for extension of time to file the financial statements or notification of inability to file SEC Form 17-A shall not be accepted by the SEC.

Attached is SEC Circular 6 for more details.