What are the new SEC rules for amending corporate records in the Philippines?

The SEC has issued new rules, MC No. 3, series of 2026, to streamline corporate record amendments through the eAmend digital portal, classifying them into simple and regular processing for faster turnaround.

How long does it take to amend corporate records under the new SEC guidelines?

Simple amendments are processed within seven working days, while regular, more technical amendments take up to 21 working days.

What are the penalties for late document submission to the SEC?

Companies submitting documents late face a P5,000 fine if filed within 45 days, and application cancellation if over 45 days late.

Home / Business and Economy / SEC Streamlines Corporate Record Amendments Digitally

SEC Streamlines Corporate Record Amendments Digitally

19 Jan

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Summary

New SEC rules simplify corporate record amendments via digital portal.
Processing times are cut, with simple tasks done in seven days.
Penalties issued for late submission of required company documents.

SEC Streamlines Corporate Record Amendments Digitally

The Securities and Exchange Commission (SEC) has implemented new guidelines to expedite the amendment of corporate records. Issued on January 12, Memorandum Circular No. 3, series of 2026, details the classification and processing of applications submitted via the eAmend digital portal. These reforms are designed to enhance efficiency and consistency in amending articles of incorporation and bylaws.

Under the new system, amendment applications are categorized into simple and regular processing. Simple processing aims for completion within seven working days, while regular processing, for more technical changes, allows up to 21 working days. The scope of simple processing has been expanded to include changes like corporate name and primary purposes.

Penalties are now in place for late submissions, with fines of P5,000 for documents filed between 15 and 45 days late, and application cancellation for submissions beyond 45 days. SEC Chair Francis Lim stated these reforms aim to remove regulatory hurdles, enabling businesses to focus on growth and making SEC services more accessible.