2016 Citizens Charter 2016-09-29

CITIZENS CHARTER
2016
Table of Contents 2|Page
Office of the Commission Secretary

PRESS RELEASE
August 31, 2015
SEC: MOST SINCERE IN ANTI-CORRUPTION

Top 5 with the Office of the President, DTI, SSS, and PSE
SEC, together with the Office of the President, DTI, SSS, and PSE, has ranked best in the net sincerity ratings of 36 institutions in fighting corruption dur-
ing the latest 2014-2015 Survey of Enterprises, conducted from 14 November 2014 to 12 May 2015.
From a range of +69 to -69 points, the SEC is at 63 points, the Office of the President is at 54 points, the DTI is at 51 points, the SSS is at 57 points, and
the PSE is at 55 points.
The said survey was conducted by Social Weather Stations (SWS) with support from the Integrity for Investments Initiative (i3) and funding from the
United States Agency for International Development (USAID), and in partnership with the National Competitiveness Council and The Asia Foundation. Ran-
dom sampling for the said survey was drawn from one-third large enterprises (325 companies) and two-third small and medium enterprises (641 companies),
totaling to 966 companies. Said enterprises were drawn from the following areas: Metro Manila (356), Metro Angeles (101), Cavite-Laguna-Batangas (101),
Metro Iloilo (100), Metro Cebu (100), Metro Davao (101), and Cagayan de Oro-Iligan (107).
In its commitment to improve ease of doing business in the Philippines, the SEC continuously meets the expectations of the transacting public. Barely
four months into its launching, the SECs Integrated Business Registration System (IBRS) has already processed and approved 9,752 corporations mostly within
one (1) business day. The SEC, through the IBRS, allows for the seamless and simultaneous registration of corporations with the BIR, SSS, PhilHealth, and Pag-
ibig.
To further bring government services closer to the public, the SEC has also opened Satellite Offices in Ali Mall, Robinsons Galleria, and SM Manila, with
other malls in Metro Manila and major cities nationwide to follow. SEC Chairperson Teresita J. Herbosa said that clients who choose to drop by the SEC Satel-
lite Offices can avail of full company registration services such as processing of new applications, amendments to existing corporations, verification of pro-
posed corporate names and pre-processing of registration applications, among others.
According to Director Ferdinand B. Sales of the SECs Company Registration and Monitoring Department, the SEC processed about 24,000 new cor-
porations last year and regulates about 870,000 corporations, among others. Although the SECs earned collections averaged about Php 3 Billion per annum
for the past 3 years, it only runs at an average budget of Php 400 Million per year with about 385 employees. The remaining balance of the SECs collections
is remitted to the National Treasury.
It is worth noting that the SEC was recently ranked as the 8th Best Performing National Agency by the Makati Business Club survey this August 2015.
END
SEC Citizens Charter 2016

TABLE OF CONTENTS
SEC Mission, Values and Vision 4

Service Pledge 5
Feedback and Redress Mechanism 6
Directory of SEC Officials 7
List of SEC Frontline Services 11
FRONTLINE SERVICE PROCEDURES

Office of the Commission Secretary (OCS) 31
Office of the General Counsel (OGC) 36
Office of the General Accountant (OGA) 43
Enforcement and Investor Protection Department (EIPD) 69
Markets and Securities Regulation Department (MSRD) 72
Corporate Governance and Finance Department (CGFD) 125
Company Registration and Monitoring Department (CRMD) 167
Information and Communications Technology Department (ICTD) 260
Economic Research and Training Department (ERTD) 272
Human Resource and Administrative Department (HRAD) 283
Financial Management Department (FMD) 295
The fees reflected in this SEC Citizens Charter shall apply once the new schedule of fees and charges to be
imposed and collected by the Securities and Exchange Commission takes effect. At present, the consolidated
schedule of fees and charges provided in SEC Memorandum Circular No. 9, series of 2004 applies.

Our Mission, Values, and Vision
SEC
MISSION
SEC
VALUES
SEC
VISION

Service Pledge

Feedback and Redress Mechanism

Contact Information of SEC Officials
POSITION FULL NAME OFFICE/DEPARTMENT CONTACT NO. E-MAIL ADDRESS

Office of the Chairperson and Commissioners
SEC Chairperson TERESITA J. HERBOSA Ortigas: 584-5343 tjherbosa@sec.gov.ph
PICC: 818-5767
SEC Commissioner MANUEL HUBERTO B. GAITE Ortigas: 584-8142 / 584-6769 mbgaite@sec.gov.ph
SEC Commissioner ANTONIETA F. IBE Ortigas: 584-5008 / 584-7237 afibe@sec.gov.ph
SEC Commissioner EPHYRO LUIS B. AMATONG Ortigas: 584-6158 / 584-6857 elbamatong@sec.gov.ph
SEC Commissioner BLAS JAMES G. VITERBO PICC: 818-6896 / 818-8320 bjgviterbo@sec.gov.ph
Officer-in-Charge ARMANDO A. PAN JR. PICC: 888-8141 armandopanjr@sec.gov.ph
Office of the General Counsel
SEC General Counsel CAMILO S. CORREA PICC: 818-5418 / 818-5348 cscorrea@sec.gov.ph
Office of the General Accountant
SEC General EMMANUEL Y. ARTIZA PICC: 818-9763 / 818-6120 eyartiza@sec.gov.ph
Accountant
Enforcement and Investor Protection Department
SEC Director JOSE P. AQUINO Office of the Director Ortigas: 584-6337 jose.aquino@sec.gov.ph
SEC Assistant Director LALAINE P. MONSERATE Investigation and Prosecution 584-7652 / 584-6047 lpmonserate@sec.gov.ph
Division
SEC Assistant Director OLIVER O. LEONARDO Market Surveillance Division 584-5324 ooleonardo@sec.gov.ph
Officer-in-Charge JONATHAN PANCRACIUS D. Special Operations Division 584-7652 jpdpaguirigan@sec.gov.ph
PAGUIRIGAN


Markets and Securities Regulation Department
SEC Director VICENTE GRACIANO P. Office of the Director Ortigas: 584-5703 vgpfelizmenio@sec.gov.ph
FELIZMENIO JR.
Officer-in-Charge NORMA A. TAN-OLAYA Markets and Intermediaries 584-2016 / 584-7164 naolaya@sec.gov.ph
Division
SEC Assistant Director KENNETH JOY A. QUIMIO Securities Registration Division 584-6080 / 584-8508 kjaquimio@sec.gov.ph
SEC Assistant Director EMMA A. VALENCIA Investment Products and 584-2016 eavalencia@sec.gov.ph
Services Division
Corporate Governance and Finance Department
SEC Director JUSTINA F. CALLANGAN Office of the Director PICC: 818-6103 justina.callangan@
sec.gov.ph
SEC Assistant Director RACHEL ESTHER J. Licensing Division 818-5952 rejremalante@sec.gov.ph
GUMTANG-REMALANTE
SEC Assistant Director ROSARIO CARMELA B. Corporate Governance 818-7264 rcgaustria@sec.gov.ph
GONZALEZ-AUSTRIA Division
SEC Assistant Director LEONORA S. TANDOC Monitoring Division 818-5476 / 818-5516 lstandoc@sec.gov.ph
Company Registration and Monitoring Department
SEC Director FERDINAND B. SALES Office of the Director Ortigas: 584-5811 fbsales@sec.gov.ph
SEC Assistant Director MARY ANNE V. MORALES- Corporate and Partnership 584-9225 / 584-0763 mavmlagura@sec.gov.ph
LAGURA Registration Division
Officer-in-Charge KATHERINE ANN C. BALDOS Compliance Monitoring 584-2887 kacbaldos@sec.gov.ph
Division
Officer-in-Charge ELOISA D. CASING Financial Analysis and Audit 584-5922 / 584-8520 edcasing@sec.gov.ph
Division
Officer-in-Charge DANIEL P. GABUYO Corporate Filing and Records 584-8738 / 584-8803 sltamayo@sec.gov.ph
Division


Company Registration and Monitoring Department (continued)
Officer-in-Charge SHEARA L. LUPANGO- Licensing Unit 584-7187 sltamayo@sec.gov.ph
TAMAYO
Officer-in-Charge SAMPAGUITA R. LADRIDO Green Lane Unit 584-5235 srladrido@sec.gov.ph
Public Assistance Unit 584-1119
Information and Communications Technology Department
Officer-in-Charge LILIA O. PINZON Office of the Director Ortigas: 584-7236 lopinzon@sec.gov.ph
SEC Assistant Director GRACE MARTHA T. Information Systems 584-7204 gmtamberong@sec.gov.ph
AMBERONG Development and
Management Division
SEC Assistant Director ISMA C. GONZALES Electronic Records 584-5285 icgonzales@sec.gov.ph
Management Division
Systems Operation Division 584-7234
Economic Research and Training Department
Officer-in-Charge LILIA O. PINZON Office of the Director Ortigas: 584-6260 lopinzon@sec.gov.ph
SEC Assistant Director ROSE ANN S. ESPIRITU Strategic Management and 584-7238 rsespiritu@sec.gov.ph
Planning Division
SEC Assistant Director VIOLETA V. INFANTE Economic Research and 584-6117 vvinfante@sec.gov.ph
Statistics Division
SEC Assistant Director JERNEL R. MACATANGAY Training Division 584-7256 jrmacatangay@sec.gov.ph

Table of Contents 10 | P a g e

Human Resource and Administrative Department
SEC Director GERARDO F. DEL ROSARIO Office of the Director Ortigas: 584-0923 / 584-7215 gfdelrosario@sec.gov.ph
PICC: 818-6165
Human Resource Ortigas: 584-6072
Management Division PICC: 818-5714
SEC Assistant Director NOLIVIENNE C. ERMITAO Learning Resource and 584-5994 ncermitao@sec.gov.ph /
Information Division nolivienne@gmail.com
General Services Division 584-1269
SEC Assistant Director SONIA E. DIAMANTE Procurement Division 584-6654 sediamante@sec.gov.ph
Financial Management Department
SEC Director ADELAIDA C. NAVARRO- Office of the Director Ortigas: 584-6585 aida.banaria@sec.gov.ph
BANARIA
Officer-in-Charge LESTER V. DELA MERCED Budget and Fiscal Division 584-5517 lvdelamerced@sec.gov.ph
Officer-in-Charge DONDIE Q. ESGUERRA Accounting Division 584-6101 / 584-6058 dqesguerra@sec.gov.ph
SEC Assistant Director DAISY B. PABUAYA Treasury Division 584-5548 dbpabuaya@sec.gov.ph
SEC Extension Offices
SEC Director ANNIE G. TESORO Baguio (074) 442-8170 / 442-8171 agtesoro@sec.gov.ph
SEC Director RENATO V. EGYPTO Cagayan de Oro (088) 857-4325 / 857-7725 rvegypto@sec.gov.ph
SEC Director LINDEZA R. GAVINO Cebu (032) 253-5337 / 253-6987 lrgavino@sec.gov.ph
SEC Director JAVEY PAUL D. FRANCISCO Davao (082) 298-2170 / 298-1983 jpdfrancisco@sec.gov.ph
Officer-in-Charge RUSSELL I. ILDESA Iloilo (033) 337-9984 / 335-0025 riildesa@sec.gov.ph
SEC Director MARYLOU D. CASTILLO Legaspi (052) 480-8272 mdcastillo@sec.gov.ph
Acting Director RICHARD R. LAUS Tarlac City (045) 491-0140 / 491-0102 rrlaus@sec.gov.ph
SEC Director JESUS SALVADOR A. URO Zamboanga (062) 991-7163 / 993-1437 jsauro@sec.gov.ph

List of SEC Frontline Services
FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

(under normal circumstances)
ORTIGAS OFFICE
Receipt and Filing of P2,020.00 (Filing fee plus 1% 1) 1-2 hours 5th floor Enforcement and
Complaint Legal Research Fee) with Investor Protection Department
on Non-Forum (EIPD)
2) documents,
Application for Certifi- Please see SEC Memorandum 1) SEC Form 12-1 20-23 days 6th floor Markets and Securi-
cate of Permit to offer Circular No. 12, series of 2016 2) Audited Financial State- ties Regulation Department
Securities for Sale and ments (AFS) and Additional (MSRD)
Order of Registration for components of the AFS
Equities, Debt Securities, 3) Statement of Management
REIT Responsibility on the AFS
4) Material Contracts
5) Required Exhibits
Petition for Voluntary Please see SEC Memorandum Petition for Revocation and re- 18-20 days 6th floor MSRD
Revocation Circular No. 12, series of 2016 quired exhibits
Application for Request Please see SEC Memorandum SEC Form 10.1 6-7 days 6th floor MSRD
for Exempt Transactions Circular No. 12, series of 2016
under Section 10.1 of
the Securities Regulation
Code
Application for Request Please see SEC Memorandum 1) Application Letter with sup- 1-2 month/s 6th floor MSRD
for Exemption from Reg- Circular No. 12, series of 2016 porting documents
istration Requirements 2) Please see the checklist of
under Section 10.2 of requirements here or secure
the Securities Regulation checklist from the depart-
Code ment
The fees reflected in this SEC Citizens Charter shall apply once the new schedule of fees and charges to be imposed and Frontline Services Ortigas Office
collected by the Securities and Exchange Commission takes effect. At present, the consolidated schedule of fees and
charges provided in SEC Memorandum Circular No. 9 series of 2004 applies.

ORTIGAS OFFICE
Review of Information Please see SEC Memorandum 1) Request letter with support- 4-5 hours 6th floor MSRD
Statement prior its distri- Circular No. 12, series of 2016 ing documents
bution in Stockholders 2) SEC Form 20-IS
Meeting
Request for Confidential P20,000.00 per company and 1) Request letter with support- 16-20 days 6th floor MSRD
Treatment of Information per issue ing documents
Filed
Accreditation of Surety P5,050.00 (Filing Fee plus 1% All documents enumerated in 3.5-4 hours 6th floor MSRD
Companies Legal Research Fee) Form SCA-0001
Request for Comment/ None 1) SEC MSRD Request Form 3 days 6th floor MSRD
Recommendation on 2) Articles of Incorporation/
the Application for Arti- Partnership/By-Laws and
cles of Incorporation/ Amendments thereto
Partnership/By-Laws and
Amendments relative
thereto
Request for Exemptive Please see SEC Memorandum 1) Request letter with support- 13-15 days 6th floor MSRD
Relief Circular No. 12, series of 2016 ing documents
Application of Registra- P50,500.00 (Filing Fee plus 1% 1) Cover Sheet 3 months 6th floor MSRD
tion as an Exchange/ Legal Research Fee) 2) SEC Form-33 and SEC Form-
Exchange-SRO/Clearing 33-SRO
Agency/Clearing Agen- 3) Statements and Exhibits re-
cy SRO and Depository quired by SEC Form-33 and
SEC Form-33-SRO
4) Copy of the latest GIS
5) Copy of the license of the
CPA
6) Manual on Corporate Gov-
ernance

ORTIGAS OFFICE
Application of Registra- Please see SEC Memorandum 1) Cover Sheet 1 month 6th floor MSRD
tion as Registrar of Quali- Circular No. 12, series of 2016 2) Application for Registration
fied Buyer (SEC Form 39-Registrar/AMD)
3) Copy of Internal Procedures
Application of Alterna- P50,500.00 (Filing Fee plus 1% 1) Please see the checklist of 3 months 6th floor MSRD
tive Trading System and Legal Research Fee) requirements here or secure
Central Trade Reporting checklist from the depart-
System ment
Application for Over-the P50,500.00 (Filing Fee plus 1% 1) Cover Sheet 3 months 6th floor MSRD
-Counter Market/ Legal Research Fee) 2) SEC Form 39-BD
Association of Securities 3) Statements and Exhibits re-
Brokers and Dealers quired by SEC Form 39-BD
4) Copy of the latest GIS
5) Copy of the license of the
CPA
6) Manual on Corporate Gov-
ernance
Registration of Stock Stock Corp.: I/5 of 1% of the 1) Please see the checklist of 1-3 hours 3rd floor Company Registra-
and Non-Stock, Non- authorized capital stock or the requirements for Stock Cor- tion and Monitoring Department
Profit Corporations and subscription price of the sub- poration here, and for Non- (CRMD) - Greenlane Unit
Partnerships scribed capital stock, which- Stock, Non-Profit Corpora-
ever is higher but not less than tions and Partnerships here
P2,000.00 or secure checklist from the
department
Non-stock corp.:
P1,050.00
Partnership:
1/5 of 1% of the partnerships
capital but not less than
P2,000.00

ORTIGAS OFFICE
Applications for Amend- Please see SEC Memorandum Please see the checklist of re- 5-10 days 2nd floor CRMD Corporate
ment of Stock and Non- Circular No. 12, series of 2016 quirements at www.sec.gov.ph and Partnership Registration Di-
Stock Domestic Corpo- or secure checklist from the de- vision (CPRD)
rations partment
Applications for Amend- Please see SEC Memorandum Please see the checklist of re- 5-10 days 2nd floor CRMD CPRD
ment of Partnerships Circular No. 12, series of 2016 quirements at www.sec.gov.ph
or secure checklist from the de-
partment
Conversion of Branch Please see SEC Memorandum Please see the checklist of re- 5-10 days 2nd floor CRMD CPRD
Office to Representative Circular No. 12, series of 2016 quirements at www.sec.gov.ph
Office (Vice Versa), Re- or secure checklist from the de-
gional Area Headquar- partment
ters (RHQ) to Regional
Operating Headquarters
(ROHQ) (Vice Versa),
Change/Substitution of
Resident Agent, With-
drawal of License and
Other Amendments of
Foreign Corporations
Applications of Foreign Please see SEC Memorandum Please see the checklist of re- 2-3 hours 2nd floor CRMD CPRD
Corporations Circular No. 12, series of 2016 quirements at www.sec.gov.ph
partment
Processing Services for Please see SEC Memorandum Please see the checklist of re- 2-3 days 2nd floor CRMD CPRD
Voting Trust Agreements Circular No. 12, series of 2016 quirements at www.sec.gov.ph
partment

ORTIGAS OFFICE
Actions (Two [2] Party Docket Fee of Three Thou- Verified Complaint/Petition (SEC 2-3 months 2nd floor CRMD
Complaints/Petitions) sand Twenty (Php3,020.00) Rules of Procedure, Rule 3-4 and CPRD
Pesos inclusive of Legal Re- 3-9), Certificate of Non-Forum
search Fee (SEC Rules of Pro- Shopping (SEC Rules of Proce-
cedure, Rule 3-15 in accord- dure, Rule 3-5), Affidavits, Docu-
ance with the Schedule of ments, and Other Supporting
Fees forming part of the SEC Documents (SEC Rules of Proce-
Rules) dure, Rule 3-14), Monitoring
Clearance, Docket Fee of Three
Thousand Twenty (Php3,020.00)
Pesos inclusive of Legal Re-
search Fee (SEC Rules of Proce-
dure, Rule 3-15 in accordance
with the Schedule of Fees form-
ing part of the SEC Rules)
Petitions for Correction Docket Fee of Three Thou- Verified Petition (SEC Rules of 2-3 months 2nd floor CRMD CPRD
sand Twenty (Php3,020.00) Procedure, Rule 3-4 and 3-9),
Pesos inclusive of Legal Re- Certificate of Non-Forum Shop-
search Fee (SEC Rules of Pro- ping (SEC Rules of Procedure,
cedure, Rule 3-15 in accord- Rule 3-5), Affidavits, Documents,
ance with the Schedule of and Other Supporting Docu-
Fees forming part of the SEC ments (SEC Rules of Procedure,
Rules) Rule 3-14), Corrected Articles of
Incorporation, Monitoring Clear-
ance, Docket Fee of Three
Thousand Twenty (Php3,020.00)
Pesos inclusive of Legal Re-
search Fee (SEC Rules of Proce-
dure, Rule 3-15 in accordance
with the Schedule of Fees form-
ing part of the SEC Rules)

(under normal circum-
stances)
ORTIGAS OFFICE
Processing of Applica- Please see SEC Memorandum Cir- Please see the checklist of require- 5-6 hours 3rd floor CRMD Li-
tions for Licensing of Fi- cular No. 12, series of 2016 ments at www.sec.gov.ph or secure censing Unit (LU)
nancing Companies checklist from the department
Processing of Applica- Please see SEC Memorandum Cir- Please see the checklist of require- 2-3 hours 3rd floor CRMD LU
tions for Licensing of cular No. 12, series of 2016 ments at www.sec.gov.ph or secure
Lending Companies checklist from the department
Processing of Applica- Please see SEC Memorandum Cir- Please see the checklist of require- 1-1.5 days 3rd floor CRMD LU
tions for Registration of cular No. 12, series of 2016 ments at www.sec.gov.ph or secure
Capital Market Institu- checklist from the department
tions
Processing of Applica- Please see SEC Memorandum Cir- Please see the checklist of require- 1-2 hours 3rd floor CRMD LU
tions for Registration of cular No. 12, series of 2016 ments at www.sec.gov.ph or secure
Capital Market Profes- checklist from the department
sionals
Process Requests for Please see Guidelines on the Im- Please see the checklist of require- 1.5 2 hours 3rd floor CRMD
Regular Monitoring of position of fines or penalties for ments at www.sec.gov.ph or secure Compliance Monitoring
Domestic Corporations non-compliance with reportorial checklist from the department Division (CMD)
(Ordinary Stock and Non requirements; Memorandum Cir-
-Stock) and Foreign Cor- cular No. 8, series of 2009 (MC8-
porations (Branch Offic- 2009); Amended rules governing
es, Representative Offic- the distribution of excess profits of
es, Regional Area Head- corporation; Memorandum Circu-
quarters and Regional lar No. 8, Series of 1998 (MC8-
Operating Headquar- 1998); and Office Order No. 298,
ters) Series of 2010

stances)
ORTIGAS OFFICE
Process Compliance Please see SEC Memorandum Cir- Please see the checklist of re- 1-1.5 hours 3rd floor CRMD Compli-
with Securities Deposit cular No. 2, series of 2012 quirements at www.sec.gov.ph ance Monitoring Division (CMD)
partment
Process Petitions to Lift Please see Guidelines on the Impo- Please see the checklist of re- Processing = 1-2 hours 3rd floor CRMD CMD
Order of Revocation/ sition of fines or penalties for non- quirements at www.sec.gov.ph Approval = varies
Suspension compliance with reportorial re- or secure checklist from the de-
quirements; Memorandum Circular partment
No. 8, series of 2009 (MC8-2009);
Amended rules governing the distri-
bution of excess profits of corpora-
tion; Memorandum Circular No. 8,
Series of 1998 (MC8-1998); and Of-
fice Order No. 298, Series of 2010
Process Requests for Please see Guidelines on the Impo- Please see the checklist of re- Processing = 1-2 hours 3rd floor CRMD CMD
Payment in Installment sition of fines or penalties for non- quirements at www.sec.gov.ph Approval = varies
or Reduction of Fines compliance with reportorial re- or secure checklist from the de-
quirements; Memorandum Circular partment
No. 8, series of 2009 (MC8-2009);
Amended rules governing the distri-
bution of excess profits of corpora-
tion; Memorandum Circular No. 8,
Series of 1998 (MC8-1998); and Of-
fice Order No. 298, Series of 2010
Monitoring of Corpora- None Request for Monitoring Varies 3rd floor CRMD CMD
tions Where There is
More Than One Set of
General Information
Sheet (GIS) Filed with the
Commission

(under normal cir-
cumstances)
ORTIGAS OFFICE
Compliance with SEC Memo- Please see SEC Memorandum Please see the checklist of require- Varies 3rd floor CRMD CMD
randum Circular No. 14, Series Circular No. 12, series of 2016 ments at www.sec.gov.ph or secure
of 2013 (Guidelines Covering checklist from the department
the Use of Properties that Re-
quire Ownership Registration
as Paid-Up Capital)
Process Petitions for Cancel- Please see SEC Memorandum Please see the checklist of require- Varies 3rd floor CRMD CMD
lation or Substitution of Pay- Circular No. 12, series of 2016 ments at www.sec.gov.ph or secure
ment in Relation to the Use of checklist from the department
Properties that Require Own-
ership Registration as Paid-Up
Capital (SEC Memorandum
Circular No. 14, series of 2013)
Name Verification Services P40.00 per allowed name Name Verification Form, Name Verifi- 1.5-2 hours 2nd floor CRMD Cor-
cation Slip porate Filing and Records
Division (CFRD)
Issuance of Certificates of No P300.00 for Affirmative/ Please see the checklist of require- 1-2 hours 2nd floor CRMD CFRD
Derogatory Records/ Negative Certification, ments at www.sec.gov.ph or secure
Affirmative/Negative P500.00 for Certificate of No checklist from the department
Derogatory Information, plus
penalty imposed, if any
Registration of Stock and Please see SEC Memorandum Registration Form 8-10 minutes 2nd floor CRMD CFRD
Transfer/Membership Book Circular No. 12, series of 2016

(under normal cir-
cumstances)
ORTIGAS OFFICE
Receiving of Applications for None Please see the checklist of require- 40-45 minutes 2nd floor CRMD CFRD
New Registration (Domestic/ ments at www.sec.gov.ph or secure
Foreign)/Articles of Partner- checklist from the department
ship
Receiving of Applications for None Please see the checklist of require- 20-30 minutes 2nd floor CRMD CFRD
Amendment of Articles of In- ments at www.sec.gov.ph or secure
corporation/By-Laws/Articles checklist from the department
of Partnership/Articles of Mer-
ger and Consolidation
Releasing of Approved Prima- None Please see the checklist of require- 15-20 minutes 2nd floor CRMD CFRD
ry Registration/Amendments/ ments at www.sec.gov.ph or secure
Articles of Merger and Con- checklist from the department
solidation
Data Entry of Applications for None None 10-15 minutes 2nd floor CRMD CFRD
Amendment/Articles of Mer-
ger and Consolidation and
Retrieval of Records
Issuance of Authenticated None Request letter from government agen- 45 minutes - 1 hour 2nd floor CRMD CFRD
Copies for Government cies
Agencies

(under normal cir-
cumstances)
ORTIGAS OFFICE
Amendment of Article VII of Please see SEC Memorandum Please see the checklist of require- 3-5 days 2nd floor CRMD Fi-
Articles of Incorporation and Circular No. 12, series of 2016 ments at www.sec.gov.ph or secure nancial Analysis and Audit
Other Applications checklist from the department Division (FAAD)
(Confirmation of Valuation or
Exempt Transaction [Other
Than Cash Payment on Sub-
scription], Property Dividend
Declaration, Quasi-
Reorganization, Equity Re-
structuring, Creation of Addi-
tional Paid-in Capital, and
Dissolution of Domestic Cor-
poration)
Merger/ Please see SEC Memorandum Please see the checklist of require- 2-3 days 2nd floor CRMD FAAD
Consolidation Circular No. 12, series of 2016 ments at www.sec.gov.ph or secure
checklist from the department
Cash or Stock Dividend Dec- Please see SEC Memorandum Please see the checklist of require- 2-3 days 2nd floor CRMD FAAD
laration Circular No. 12, series of 2016 ments at www.sec.gov.ph or secure
checklist from the department
Certification of Capital Struc- Please see SEC Memorandum Please see the checklist of require- 2-3 days 2nd floor CRMD FAAD
ture/Percentage of Owner- Circular No. 12, series of 2016 ments at www.sec.gov.ph or secure
ship checklist from the department

ORTIGAS OFFICE
Request for Listings Listing of Top 5000 corpora- 1) Filing of request = 1 hour 7th floor Information and
tions (basic indicators, i.e. Processing of Request = 15 days Communications Technology
profit, sales, assets, liabili- 2) Releasing of Request = 20-30 Department (ICTD)
ties, equities) P1,000.00 minutes
per year of data per listing
Company Listings and Sta- 3) Official Receipt (OR) to be
tistics P1,000.00 per year issued by cashier upon pay-
of data ment
Hard copy of documents
with list containing various
information i.e. address,
industry classification, equi-
ty structures, etc. P5.00
per page
Soft copy of documents
with list containing various
information i.e. address,
industry classification, equi-
ty structures, etc. in CD-RW
media 50.00/pc; in DVD
100.00 /pc
SEC Publication in CD-RW
media 150.00/copy; in
DVD 100.00 /pc
Request for Copy/ Please see the schedule of Option 1 For pick-up 30-45 minutes Basement ICTD Public Ref-
Copies of Document/s fees and charges here; or see Call SEC Express Hotline no. erence Unit (PRU)
SEC Memorandum Circular 737-8888 OR go online at
No. 12, series of 2016 www.secexpress.ph
to schedule an appointment
and print the Appointment Form
received through e-mail

ORTIGAS OFFICE
Request for Copy/ Please see the schedule of Option 2 For delivery Processing of request = 1-1.5 Basement ICTD PRU
Copies of Document/s fees and charges here and Call SEC Express Hotline no. hours
add courier fee for delivery; or 737-8888 OR go online at Mailing Period = 3-4 days
see SEC Memorandum Circu- www.secexpress.ph
lar No. 12, series of 2016 to order for delivery
Receiving of Docu- None Option 1 Walk-in submission of 3-5 minutes Ground Floor ICTD Central
ments: Reports/ reports/reportorial requirements: Receiving and Releasing Unit
Reportorial Require- Proceed to the Central Receiv-
ments (i.e. GIS and AFS) ing and Releasing Unit, Ground
Floor, SEC Bldg. or at any Satel-
lite Office and present
4 sets/copies of reports/
reportorial requirements
Receiving of Docu- Courier fee Option 2 Online submission of Submission only = 8-10 minutes Ground Floor ICTD Central
ments: Reports/ reports/reportorial requirements: Receiving and Releasing Unit
Reportorial Require- (submission only or with return With Return Copy = 8-10
ments (i.e. GIS and AFS) copy): Go online at minutes plus 3-4 days
www.sens.secexpress.ph and
accomplish SEC Express Nation-
wide Submission (SENS) Form
then proceed to a SENS Air21
Partner Courier and present
4 sets/copies of the documents
for submission
Receiving of corre- None Option 3 Walk-in delivery of 8-10 minutes Ground Floor ICTD Central
spondences and docu- correspondences and docu- Receiving and Releasing Unit
ments other than reports ments other than reports: Present
letters/correspondence/
documents other than reportori-
al requirements

ORTIGAS OFFICE
Releasing of Docu- None Documents from operating de- 30-40 minutes Ground Floor ICTD Central
ments/ partments transmitted through Receiving and Releasing Unit
Correspondences from mail and courier
Operating Departments
Request for Registration P5.00 per page File the request: 3-3.5 hours 9th floor Economic Research
and Investment Statistics P200.00 initial fee a) In person and Training Department (ERTD)
P4.00 per minute computer b) Through phone call at tele- - Economic Research and Statis-
processing fee phone number 584-6117 or tics Division (ERSD)
P1,000.00 special program- thru facsimile number 584-
ming fee 5526.
c) Via email to mtmbersa-
bal@sec.gov.ph
Request for Copy of the a) Main report File the request: 30-40 minutes 9th floor ERTD ERSD
Philippines Top Corpo- a.1) Narrative (in PDF for- a) In person
rations (latest edition/ mat) - P3,000.00 b) Through phone call at tele-
issue) a.2) 13 schedules (in MS phone number 584-6117 or
Excel format) - thru facsimile number 584-
P5,000.00 5526.
b) Directory c) Via email to mtmbersa-
a.1) In PDF format - bal@sec.gov.ph
P5,000.00
a.2) In MS Excel format -
P10,000.00
Request for Certification P300.00 certification fee File the request: 1-1.5 hours 9th floor ERTD ERSD
of Ranking in the Philip- a) In person
pines Top Corporations b) Through a phone call at tele-
phone number 584-6117 or
thru facsimile number 584-
5526.
bal@sec.gov.ph

ORTIGAS OFFICE
Registration for Certifica- P7,500.00 (AP) 1) Download the appropriate form 30 minutes 9th floor ERTD Training Divi-
tion Seminars: Associat- P5,500.00 (CSR) and accomplish the same. sion (TD)
ed Persons (AP) and *the fees include Please follow this link to view the
form
Certified Securities Rep- P500 examination fee.
2) Submit the accomplished form
resentatives (CSR)
together with your registration
fee at the 9th Floor, Training Divi-
sion, SEC Building, EDSA, Man-
daluyong City
Registration for Regular P2,500.00 (FI first time takers) 1) Download the appropriate form 30 minutes 9th floor ERTD TD
and Special Examina- P500.00 (CSR and MF first time and accomplish the same.
tion: Associated Person takers) Please follow this link to view the
form.
(AP), Certified Securities P500.00 (per AP module)
2) Submit the accomplished form
Representatives (CSR), P500.00 (retake)
together with your registration
Mutual Funds (MF) and fee at the 9th Floor, Training Divi-
Fixed Income (FI) Sales- sion, SEC Building, EDSA, Man-
man daluyong City
Releasing of Congratu- None Proceed to the ERTD Office for per- 6-8 minutes 9th floor ERTD TD
latory Letter sonal appearance. An authorized
representative shall submit authori-
zation letter addressed to ERTD Di-
rector.
Reprinting of Congratu- None for data correction For data correction: (1) Request let- 30 minutes 9th floor ERTD TD
latory Letter P300.00 for reprinting in case of ter addressed to ERTD Director; (2)
loss Original Congratulatory letter
For reprinting (in case of loss): (1)
Request letter addressed to ERTD
Director; (2) Photocopy of 2 valid
IDs; (3) Affidavit of loss
Student Orientation/ None Send a request letter addressed to Processing of request = 30 9th floor ERTD TD
Educational Visit the Chair signed by an authority of minutes
the university/college, and wait for Approval of request = 1-2 days
confirmation/approval of request.

ORTIGAS OFFICE
Library Services None 1) Call telephone numbers 584- 5 minutes 9th floor Human Resource
reference Queries 5994/584-0923 local 253 and Administrative Department
2) Send e-mail queries at (HRAD) -
lrid@sec.gov.ph Library
3) Walk-in and ask library per-
sonnel for queries
Access to Library Re- None 1) Proceed to the catalog or 6 minutes 9th floor HRAD Library
sources (Room-Use the computer database for
Reading) access to library collection.
2) Ask assistance from the li-
brary personnel for material/
s needed or other reference
inquiries
Photocopy/Printing Ser- P5.00 per page 1) Locate material for printing/ 10-30 minutes (includes pay- 9th floor HRAD Library
vices photocopying ment at cashier and printing)
2) Ask assistance from the li-
brary personnel for material/
s needed.
Issuance of Bid Docu- P500.00-P10,000.00 1) Payment for the Bidding 18-20 minutes 4th floor HRAD Procure-
ments Documents ment Division (PD)
2) Letter of Intent (for Consul-
tancy projects)
3) Proof of Invitation/Letter of
Intent (for projects to be un-
dertaken thru Negotiated
Procurement/Consultancy)
Issuance of Notice of None Proceed to Procurement Divi- 4-5 minutes 4th floor HRAD PD
Award/Notice to Pro- sion , 4th Floor, SEC Bldg., EDSA
ceed Greenhills, and present ID/any
proof of authorization to receive
the document

ORTIGAS OFFICE
Posting of Performance None Proceed to Procurement Divi- 2 minutes 4th floor HRAD PD
Security (For Surety sion , 4th Floor, SEC Bldg., EDSA
Bond) Greenhills, then present ID/any
the bonds and files with other
pertinent documents of the pro-
ject
Posting of Performance Depends on the projects Ap- Proceed to Procurement Divi- 12 minutes 4th floor HRAD PD
Security (For Managers proved Budget for the Con- sion , 4th Floor, SEC Bldg., EDSA
Check/Cash) tract (ABC) Greenhills for Payment Assess-
ment Form (PAF), then pay the
bond or deposit the check in
the Cashier Office
Release of Perfected None Proceed to Procurement Divi- 2 minutes 4th floor HRAD PD
Contracts/Purchase Or- sion , 4th Floor, SEC Bldg., EDSA
ders/Work Orders Greenhills then present ID/any
the documents
Purchase of PIN Mailer P100.00 Proceed to the Cashier, fill up 8 minutes (queuing/waiting Ground Floor and 2nd Floor
Purchase Order Slip (POS), then time not included) Financial Management Depart-
pay the corresponding fee ment (FMD) - Cashier
Purchase of Service P40.00 Proceed to the cashier then pay 2 seconds Ground Floor and 2nd Floor
Stamp the corresponding fee FMD Cashier
Payment of Fees for Depends on type of transac- Proceed to the cashier, present 5 minutes (queuing/waiting Ground Floor and 2nd Floor
Registration Transaction tion/s PAF, then pay the correspond- time not included) FMD Cashier
ing fee
Payment of Fees for Non Depends on type of transac- Proceed to the cashier, present 5 minutes (queuing/waiting Ground Floor and 2nd Floor
-Registration Transaction tion/s PAF, then pay the correspond- time not included) FMD Cashier
ing fee

PICC OFFICE
Issuance of Commission None Request letter addressed to the 27 minutes 3rd floor Office of the Com-
en banc Resolutions Commission Secretary mission
Secretary (OCS)
Issuance of Certified Miscellaneous Fees: Request letter addressed to the 47 minutes 3rd floor OCS
True Copies (CTC) of Php20.00 per document plus Commission Secretary
Memorandum Circulars, Php5.00 per page
Minutes of the Meeting,
and Resolutions
Issuance of certification None Request letter addressed to the 27 minutes 3rd floor OCS
on certain acts of the Commission Secretary
Commission
Media request for inter- None Request letter addressed to the 1-2 hours 3rd floor OCS
view, information, and/ Commission Secretary
or updates
Filing of Petition/s or Ap- Php2,020.00 (Filing fee plus 1% 1) Petition or Memorandum on 1-1.5 hours 3rd floor Office of the Gen-
peal/s Legal Research Fee) Appeal eral Counsel (OGC)
2) Supporting documents
(please see 2006 SEC Rules
of Procedure)
Filing of Request for Le- Php10,000.00 1) Request letter for opinion 2 hours 3rd floor OGC
gal Opinion 2) Supporting documents
(please see Memorandum
Circular No. 15, s. 2003)
Request for Certified Php 20.00 per document plus 1) Valid ID 30-40 minutes 3rd floor OGC
True Copies (CTC) or Php5.00 per page for CTC or 2) Authorization Letter, if neces-
plain copies of docu- Php2.00 per page for plain sary
ments relating to cases copies
The fees reflected in this SEC Citizens Charter shall apply once the new schedule of fees and charges to be imposed and
Frontline Services PICC Office

PICC OFFICE
Public Assistance on None 1) Valid ID 13-23 minutes 3rd floor OGC
Walk-in/Phone-in Legal 2) Documents pertinent to the
Queries legal query, if any
Accreditation of Ap- P10,100.00 (Filing Fee plus 1% Please see checklist of require- Pre-evaluation = 1 hour 3rd floor Office of the Gen-
praisal Companies Legal Research Fee) ments here or secure checklist Processing = 1 day eral Accountant (OGA)
Annual Fee: P2,000.00 from the department Mailing Period = 30 days
Accreditation of Credit P50,500.00(Filing Fee plus 1% Please see checklist of require- Pre-evaluation = 1 hour 3rd floor OGA
Rating Agencies Legal Research Fee) ments here or secure checklist Processing = 1 day
Annual Fee: P15,000 from the department Mailing Period = 30 days
Request for Exemptive P50,000.00 per issue and per 1) Request letter for Exemptive Pre-evaluation = 20 minutes 3rd floor OGA
Relief company Relief Processing = 1-3 days
2) Supporting documents, if Mailing Period = 30 days
any
Request for Opinion on P25,000.00 (Filing Fee for com- 1) Request letter for Opinion Pre-evaluation = 20 minutes 3rd floor OGA
Accounting Matters plex issues) 2) Supporting documents, if Processing = 1-3 days
any Mailing Period = 30 days
P10,000.00 (Filing Fee for non-
complex issues)
Accreditation of External Please see the schedule of Please see checklist of require- Pre-evaluation = 1 hour 3rd floor OGA
Auditor/Auditing Firms fees and charges here and ments here or secure checklist Processing = 2 days
here; or SEC Memorandum from the department Mailing Period = 40 days
Circular No. 12, series of 2016

PICC OFFICE
Monitoring of Mutual Amount imposed Information Statement (SEC 30 minutes to 2 hours Corporate Governance and
Funds, Exchange Traded Form 20-IS) (depends if compliant or not) Finance Department (CGFD)
Funds, Public Compa-
nies, Issuers of Registered
Unlisted Securities and
Issuers of Proprietary and
Non-Proprietary Shares,
Membership Certificates
and Timeshares
Application for Certifi- Please see SEC Memorandum 1) Accomplished SEC Form 12- 22 days from the date of sub- CGFD
cate of Permit to Sell Circular No. 12, series of 2016 1, as amended (Registration mission of complete require-
Securities and Order of Statement) ments and payment of fees
Registration for Mutual 2) Exhibits to be submitted to-
Funds, Exchange Traded gether with Registration
Funds and Proprietary/ Statement
Non-Proprietary Shares, 3) Please see checklist of re-
Membership Certifi- quirements here or secure
cates, Timeshares checklist from the depart-
ment
Petition for Voluntary Please see SEC Memorandum Petition for Revocation and re- 20-22 days CGFD
Revocation Circular No. 12, series of 2016 quired exhibits under SRC Rule
13
Request for Exemption/ P50,000.00 per issue per com- Request for Exemption/ Confi- 5-7 days CGFD
Confidential Filing pany dential Treatment and required
exhibits

PICC OFFICE
Handling of Complaints Please see SEC Memorandum Complaint Letter/Form and Sup- 30-32 days CGFD
Filed Against Covered Circular No. 12, series of 2016 porting documents and any ad-
Institutions ditional documents that the
Commission may require
Monitoring of Financing/ None 1) Monitoring Slip (from the CGFD or Varies depending on CGFD
Lending Companies/ endorsed from other depart- compliance
Foundations/ ments),
2) Certificate of Incorporation,
Microfinance NGOs
3) Latest approved Articles of Incor-
poration (AI),
4) Latest approved By-Laws (BL),
5) Latest due General Information
Sheet,
6) Latest Audited Financial State-
ments,
7) Copy of the Stock and Transfer
Book Registration, and
8) Other documents/reports (per
examiner/specialists instruction).
Monitoring of Publicly Amount Imposed Please secure checklist of re- 1-1.5 hours CGFD
Listed Companies, Mutu- quirements from the Depart-
al Funds, Exchange ment
Traded Funds, Public
Companies, and Issuers
of Membership Certifi-
cates and Timeshares
Compliance with Cor-
porate Governance
Regulations
Application for Accredi- P5,050.00 Please secure checklist of re- 22 days upon receipt of com- CGFD
tation as Corporate quirements from the Depart- plete documentary require-
Governance Institutional ment ments
Training Provider
Frontline Service Procedures
OFFICE OF THE COMMISSION SECRETARY
1) Maintains the official records of the en banc;

2) Prepares the agenda and notices for en banc meetings;
3) Maintains custody over documents it has acted on, or are directly filed with it, unless otherwise directed by the en banc, including
certificates of titles of real estate properties of the Commission, and other confidential documents as may be determined by the
en banc;
4) Prepares minutes of Commission meetings and Executive Sessions, decisions and resolutions for the approval of the en banc;
5) Handles media relations for the Commission;
6) Develops Rules of Practice that guide the Commission, Departments, Offices, staff and the public in the Commissions processes
and procedures;
7) Reviews official documents for dissemination based on established methodology;
8) Handles appeals from Petitions for Calling of Meeting;
9) Performs such other functions as may be directed by the Chair and Commissioners
LIST OF FRONTLINE SERVICES:
1) Issuance of Commission en banc Resolutions

2) Issuance of Certified True Copies (CTC) of Memorandum Circulars, Minutes of the Meeting, and Resolutions
3) Issuance of certification on certain acts of the Commission
4) Request for interview, information, and updates

Issuance of Commission en banc Resolutions

Schedule of availability of service : Monday to Friday, 8:00 AM to 5:00 PM (no noon break)
Who may avail of the service : Any concerned individual
What are the requirements : Request letter (with complete name, address and contact number of the client)
addressed to the Commission Secretary
How to avail of the service :
STEP APPLICANT/CLIENT SERVICE PROVIDER DURATION OF ACTIVITY PERSON IN CHARGE FEES FORM
1 Presents request letter for Receives request letter 1 minute Assigned personnel None None
issuance of resolution
2 Fills up/accomplishes Client Prepares Resolution 15 minutes (subject to the avail- Assigned personnel
Satisfaction Survey ability of documents)
3 Submits for review/signature 10 minutes (subject to the avail- Asst. Commission
ability of the reviewer/ Secretary / Commis-
signatory) sion Secretary
4 Receives copy of resolution Releases copy of Resolution 1 minute Assigned personnel
after submitting accom-
plished Client Satisfaction
Survey
END OF TRANSACTION
Total Duration : 27 minutes
Issuance of Certified True Copies (CTC) of Memorandum Circulars, Minutes of the Meeting and
Resolutions
1 Presents request letter for Receives request letter 1 minute Assigned personnel Miscellaneous None
certified true copies of the fees : Php 20.00
document per document
plus Php 5.00
per page
2 Prepares Payment Assess- 10 minutes Assigned personnel
ment Form (PAF)
3 Presents the PAF to the Processes payment and is- 10 minutes Cashier
Cashier and settles the re- sues O.R.
quired fee
4 Returns the machine- Prepares requested docu- 15 minutes (subject to the avail- Assigned personnel
validated PAF with the O.R. ments to certify as true copy ability and volume of the re-
to the OCS quested documents to be certi-
fied as true copy/ies)
5 Fills up/accomplishes Client Submits for review/signature 10 minutes (subject to the avail- Asst. Commission
Satisfaction Survey ability of the reviewer/ Secretary / Commis-
6 Receives CTC of docu- Releases certified true copy 1 minute Assigned personnel
ment requested after sub- of documents
mitting accomplished Cli-
ent Satisfaction Survey
END OF TRANSACTION
Issuance of certification on certain acts of the Commission

issuance of Certification
2 Fills up/accomplishes Client Prepares Certification 15 minutes (subject to the avail- Assigned personnel
Satisfaction Survey ability of documents)
3 Submits for review/signature 10 minutes (subject to the avail- Asst. Commission
ability of the reviewer/ Secretary / Commis-
4 Receives copy of Certifica- Releases copy of Certifica- 1 minute Assigned personnel
tion after submitting action
complished Client Satisfac-
tion Survey
END OF TRANSACTION
Request for Interview, Information, and Updates

Who may avail of the service : Members of Media Organizations
interview, information, and
update indicating the top-
ics/issues to be discussed
2 Schedules the interview, pre- 1 hour -do-
pares the information, and/
or updates (schedule will
depend on the availability
of the Commission Secretary
or Subject Matter Expert)
3 Follows up the schedule Confirms the schedule with 30 minutes -do-
(date and time) of the in- the client
terview, availability of infor-
mation, and/or updates
4 Proceeds to conduct inter- Answers queries, provides 30 minutes or more (depending Commission Secre-
view, receives information, information, and/or updates on the topic) tary or Subject Mat-
and/or updates ter Expert
END OF TRANSACTION
OFFICE OF THE GENERAL COUNSEL
1) Hears Petitions for Calling of Meeting;

2) Acts on the following for the Commission en banc
a. Appeals to the en banc from decisions of the operating departments, SRO, etc.;
b. Petition for Voluntary Dissolution with Creditors Affected under Section 119 of the Corporation Code;
c. Petitions for issuance of Cease and Desist Orders (CDOs);
d. Contracts of the Commission for review;
e. Requests for opinions and special studies from the Chair, the Commissioners and other operating departments.
3) Acts on formal request for opinions from the public involving the interpretation of the laws which the Commission implements;
4) Liaises with the House of Representatives and the Senate, assists in the preparation of the Commissions legislative agenda, and prepares
comments and position papers on proposed legislation;
5) Liaises on legal matters with self-regulatory organizations, international organizations and foreign government regulators and agencies;
6) Represents the Commission before the COA, DBM, and other administrative agencies;
7) Oversees non-enforcement litigation, and appellate litigation in cooperation with the Office of the Solicitor General;
8) Represents the Commission before the Office for Competition (DOJ) in conferences, technical working groups, and other joint activities to
study existing laws, rules and regulations on trade and competition, and develop and propose appropriate legislative or executive action
in coordination with the other departments;
9) Entertains walk-in/phone legal queries involving complex issues from the public; and
10) Performs such other functions as may be directed by the Chair and Commissioners.
1) Filing of Petition/s or Appeals

2) Filing of Requests for Legal Opinion
3) Requests for Certified True Copies or Plain Copies of Documents relating to Cases
4) Public Assistance on Walk-in/Phone-in Legal Queries

Filing of Petitions or Appeals

Who may avail of the service : Public (Individuals/Corporations)
What are the requirements :
1) Petition or Memorandum on Appeal
2) Supporting Documents (Please see 2006 SEC Rules of Procedure)
1 Presents petition or memo- Assesses the completeness 10 minutes Officer for the Day Please see 2006
randum on appeal, and of the petition or memoran- SEC Rules of Proce-
supporting documents. dum on appeal, and sup- dure
porting documents.
2 If complete, receives peti- 3 minutes Support Clerk
tion or memorandum on ap-
peal, and supporting docu-
ments.
3 Prepares the Payment As- 10 minutes Records Specialist
sessment Form (PAF) and
instructs the applicant to
proceed to the SEC Cashier
or nearest Land Bank of the
Philippines (LBP) Branch.
4 Presents the PAF at the SEC Processes payment and is- 10 to 20 minutes SEC Cashier or LBP Filing Fee:
Cashier or nearest LBP sues Official Receipt or vali- Branch
P2,020.00
Branch dated deposit slip, and vali-
dated PAF
5 Presents the validated PAF Photocopies the validated 10 minutes Records Specialist
or validated deposit slip. PAF or validated deposit slip
for incorporation to the case
file
6 Records in the Database/ 3 minutes Support Clerk
Raffling
7 Records in GCs files/records 3 minutes Executive Assistant
8 For notation 3 minutes General Counsel
9 Case Decision/Resolution*
END OF TRANSACTION
*The case shall be decided/resolved in not more than 1 year from the date of submission for resolution.
Filing of Requests for Opinion

1) Request letter for Opinion
2) Supporting Documents (Please see Memorandum Circular No. 15, series of 2003)
1 Presents request letter for Receives the request letter, 3 minutes Support Clerk Please see Memo-
opinion and supporting and supporting documents. randum Circular
documents. No. 15, series of
2003
2 Records in the Database/ 3 minutes Support Clerk
Raffling
3 Records in GCs files/records 3 minutes Executive Assistant
4 For notation 3 minutes General Counsel
5 Drafts reply letter advising 1 hour Handling Lawyer
payment of opinion fee, af-
ter determination of whether
the request letter pertains to
specific questions of law
7 Presents the PAF at the SEC Processes payment and is- 10 to 20 minutes SEC Cashier or LBP Filing Fee:
P10,000.00
dated PAF
8 Presents the validated PAF Photocopies the validated 10 minutes Records Specialist
or validated deposit slip. PAF or validated deposit slip
for incorporation to the file
9 Takes action upon the re-
quest.*
END OF TRANSACTION
*The opinion shall be released in not more than one (1) year from the date of receipt of request depending on the number, difficulty and novelty of the ques-
tions posed therein.
Filing of Requests for Certified True Copy or Plain Copy of Documents Related to a Case
1) Proper identification
2) Letter of Authority, if necessary
1 Presents request for partic- Furnishes request form to the 3 minutes Support Clerk
ular documents client

3 Presents the PAF at the SEC Processes payment and is- 10 to 20 minutes SEC Cashier or LBP Fees:
For Certified
true Copy -
dated PAF
P20.00 per
document plus
P5.00 per
page;
For Plain Copy
P2.00 per
page
4 Presents the validated PAF Prepares the document re- 10 to 20 minutes Records Specialist
or validated deposit slip. quested
END OF TRANSACTION
Public Assistance on Walk-in/Phone-in Legal Queries

1) Proper identification
2) Documents pertinent to the legal query, if any
1 Presents legal query Refers to the Officer of the 3 minutes Support Clerk Not applicable No form required
Day
2 Entertains the legal query 10 to 20 minutes Officer of the Day
END OF TRANSACTION
OFFICE OF THE GENERAL ACCOUNTANT
1) Acts as lead office in the adoption and implementation of financial reporting and auditing standards and practices based on global
framework;
2) Prepares opinions, clarifications and replies to public queries with respect to financial reporting and audit issues;
3) Accredits external auditors or auditing firm, appraisal companies, credit rating agencies and other professionals or
engaged by by the
4) with rules by external auditors and appraisal companies, credit rating agencies and oth-
er accredited by the
5) Evaluates financial statements of that may be referred by the
6) Renders advice to the Departments upon request on financial and
7) Formulates rules and guidelines on quality assurance review of work of accredited experts or professionals, and the
same
8) Evaluates applications for, and issues, of under the Special Purpose Vehicle
9) custody over has acted on, or are filed unless by the Commission En Banc
or the Chairperson;
Performs such other functions as may be assigned by the Commission En Banc or the
the quality assurance review
12) All previous functions as may be retained by the Office, except the of applications and issuance of of
the Specia Purpose Vehicle Law.
a. Item 7 above has been added for the planned implementation of quality assurance review system.
b. All previous functions will be retained by the Office except the evaluation of applications for, and issues certificates of eligibility un-
der the Special Purpose Vehicle Law.
1) ACCREDITATION OF APPRAISAL COMPANIES AND PROFESSIONAL SERVICES ORGANIZATION

2) ACCREDITATION OF CREDIT RATING AGENCIES
3) REQUEST FOR EXEMPTIVE RELIEF
4) REQUEST FOR OPINION ON ACCOUNTING MATTERS
5) ACCREDITATION OF EXTERNAL AUDITOR/AUDITING FIRMS

Accreditation of Appraisal Companies and Professional Services Organization

Who may avail of the service : Appraisal companies and Professional Services Organization (PSO)
for
Company the history, scope of services, list of employees and their corresponding profession, and the bio-data of the
Certificate of good standing issued by Professional Regulation Commission recognized to Accredited Professional Organization
List of existing and past
from at least two (2) banks or two (2) public companies or secondary licensees or two (2) large corpora-
tions that they have engaged services of the appraisal
Notarized of the appraisal signed by its or Managing Partner that it meets all the
under of the Guidelines on Property Valuations; that it has not been declared liable by the Commission or by any
court for of the Code or the Securities Regulation Code or any relevant laws and regulation, and that the
applicant or any of / officers or partners or property appraisers or valuers have no adverse
on any civil or case its appraisal
9) List of any pending administrative, civil or criminal case filed against the company or any of its officers and employees;
10) Latest audited financial statements for the recent three years including the period due for the filing;
11) Copy of professional liability insurance policy and sworn undertaking to provide professional liability insurance as required by its clients;
12) Copy of two (2) Appraisal or Valuation Report issued; and
13) Copy of the companys framework of internal control procedures.
PRE-EVALUATION PROCEDURES
1 Secures checklist of re- Provides client a checklist of 5 minutes Officer of the day None Notarized applica-
quirement from the OGA requirements with instruction letter duly
tions. signed by author-
ized officer
2 Presents application and 1) Pre-evaluates application 30 minutes Officer of the day
supporting documents and supporting docu-
ments.
a) If application and sup-
porting documents are
not complete, the same
are returned to appli-
cant with list of require-
ments not complied with
b) If application and sup-
complete, the Officer
of the Day clears appli-
cation for payment of
the prescribed fees
(proceeds to No. 2)
2) Prepares Payment Assess- 10 minutes Executive Assistant
ment Form (PAF) and in-
structs applicant to process
payment and issue O.R
3 Presents the PAF at the Processes payment and is- 10 minutes Cashier Filing Fee:
Cashier and settles the re- sues O.R. P10,000.00
quired fee UPLRF:
P100.00
TOTAL:
P10,100.00
Annual Fee:
P2,000.00
4 Submits the machine- 1) Checks contents and 5 minutes Executive Assistant
validated PAF to the OGA stamps Received the
with the application and its three (3) sets of applica-
supporting documents tion documents.
2) Returns one (1) copy of
the application document
to the client.
PROCESSING PROCEDURES
1 Inputs application to Index 5 minutes -do-
Tracking System and for-
wards the same to the Su-
pervising Accountant for
assignment
2 Forwards documents to as- 5 minutes Supervising Account-
signed personnel ant
3 Reviews application and 2 minutes Assigned personnel
supporting documents using
the OGAs Evaluation Sheet.
If complete and qualified,
GO TO STEP 9
4 If not compliant, prepares -do-
comment letter to the appli-
cant
5 Reviews comment letter 5 minutes Supervising Account-
ant
6 Signs comment letter 5 minutes General Accountant
7 If no compliance is made
within the prescribed period
(allow a 30-day mailing and
reply period from date of
letter):
1) Prepares a letter denying
the application for failure 10 minutes -do-
to comply with the re-
quirements.
2) Reviews letter 5 minutes Supervising Account-
ant
3) Signs letter 5 minutes General Accountant
8 If there is a submission but 2 hours Assigned personnel
still not fully compliant with
the requirement, GO TO STEP
4 but with a written warning
that shall result to the denial
of the application
9 If applicant fully complies 2 hours -do-
with the requirements and
presents all original docu-
ments for authentication
against submitted photo-
copies with application, pre-
pares Memorandum to
Commission En Banc
(through Supervising Com-
missioner)
10 Reviews Memorandum 10 minutes Supervising Account-
ant
11 Signs and presents Memo- 50 minutes General Accountant
randum to the Commission
En Banc for consideration
(after clearance from Super-
vising Commissioner)
12 Receives advice of the reso- 30 minutes Assigned personnel
lution of the Commission on
the application
If approved, GO TO STEP 13.

a) If denied/deferred:
Denial: Notifies the appli-
cant of the denial and
reasons thereof
Deferment: Notifies the
applicant of the defer-
ment and requirement
to be complied with or
necessary action to cor-
rect the deficiency: GO
TO STEP 4 and onwards.
13 Presents authority to re- Prepares Certificates of Ac-
ceive the certificate creditation
a) Prints two (2) copies 10 minutes Executive Assistant
b) Initials on copies 3 minutes Assigned Personnel
c) Initials on copies 2 minutes Supervising Account-
ant
d) Signs certificates 5minutes General Accountant
e) Notifies applicant that the 5minutes Executive Assistant
Certificate may be
picked up (in case of rep-
resentative, subject to
presentation of authoriza-
tion letter)
f) Releases Certificate of ac- 10 minutes -do-
creditation and forwards
duplicate file to clerk
g) Logs in registry of Accred- 5 minutes -do-
ited Appraisal Compa-
nies; informs Index Track-
ing Personnel of the issu-
ance of the certificate.
h) Provides MIS with updat- 30 minutes -do-
ed list
i) Updates tracking system 30 minutes Index Tracking Per-
sonnel
END OF TRANSACTION
Duration:
Pre-evaluation of application 1 hour
Processing of application 1 day
Mailing period (estimate) 30 days
Total duration: 31 days and 1 hour
*under normal circumstances
Accreditation of Credit Rating Agencies

Who may avail of the service : Credit Rating Agencies
for
Applicant should be a stock and have a minimum paid-up capital of at least Ten Pesos (P10,000,000.00);
List of shareholders and their corporate
List of other business activities,
Copies of its Articles of and
Sworn on the
a. Ownership structure and possible conflicts of
b. Names, professional and of the staff in the rating decision
Disclosure of training, assistance or support receives from
code of conduct that can ensure the of the rating specialists and the rating agency from the Issuers it is
Rating scales symbols and related assessment devices

9) procedures, rating policies, and other used in arriving at a
10) Copy of model agreement with
11) Manual on Corporate
1 Secures checklist of re- Provides client a checklist of 5 minutes Officer of the day None Application letter
quirement from the OGA requirements with instruc- duly signed by au-
tions thorized officer
supporting document and supporting docu-
ments.
not complete, the
same are returned to
applicant with list of
requirements not com-
plied with
of the Day clears ap-
plication for payment
of the prescribed fees
(applicant proceeds to
No.2)
2) Prepares Payment Assess- 10 minutes Executive Assistant
ment Form (PAF) and instructs
applicant to proceed to the
Cashier
quired fee UPLRF:
P500.00
TOTAL:
P50,500.00
Annual Fee:
P15,000.00
4 Submits the machine- 1) Checks contents and stamps 5 minutes Executive Assistant
validated PAF to the OGA Received the three (3) sets
with the application and its of application documents
2) Returns one (1) copy of the
supporting documents
application document to the
client.
1 Inputs application to Index 5 minutes Executive Assistant
wards the same to the Su-
assignment
2 Forwards documents to as- 5 minutes Supervising Account-
3 Reviews application and 2 hours Assigned personnel
the OGAs Evaluation Sheet.
If complete and qualified,
GO TO STEP 9
4 If not compliant, prepares Assigned personnel
comment letter to the appli-
cant
5 Reviews comment letter 5 minutes Supervising Account-
ant
6 Signs comment letter 5 minutes General Accountant
letter):
1) Prepares a letter denying 10 minutes General Accountant
the application for failure
to comply with the require-
ments.

ant
the requirements, GO TO
STEP 4 but with a written
warning that shall result to
the denial of the application
9 If applicant fully complies 2 hours Assigned personnel
with the requirements and
presents all original docu-
ments for authentication
against submitted photo-
copies with application, pre-
pares Memorandum to
Commission En Banc
missioner).
ant
12 Receives advice of the resolution 30 minutes Assigned personnel
of the Commission En Banc on
the application

Denial: Notifies the applicant
of the denial and reasons
thereof
Deferment: Notifies the appli-
cant of the deferment and
requirement to be complied
with or necessary action to
correct the deficiency: GO
TO STEP 4 and onwards.
ceive the certificate creditation
ant
d) Signs certificates 2 minutes General Accountant
e) Logs in registry of Accred- 5 minutes Executive Assistant
ited Appraisal Compa-
nies; informs Index Track-
ing Personnel of the issu-
ance of the certificate.
f) Provides MIS with updated 30 minutes Executive Assistant
list
g) Updates tracking system 30 minutes Index Tracking
Personnel
END OF TRANSACTION
Duration:
Processing of application 1 day
Request for Exemptive Relief

Who may avail of the service : Corporations or other interested parties with request for Exemptive Relief
Supporting documents, if any
1 Presents letter-request for Prepares Payment Assess- 10 minutes Executive Assistant Letter duly signed
Exemptive Relief and sup- ment Form (PAF) and in- by authorized of-
porting document structs applicant to pro- ficer/ person
ceed to the Cashier
Cashier and settles the re- sues O.R. P50,000.00 (per
quired fee issue and per
company)
1 Submits the machine- Inputs Letter-Request for Ex- 3 minutes Executive Assistant
validated PAF to the OGA emptive Relief or Memoran-
with the application and its dum referred by the Operat-
supporting documents, if ing Department to Index
any Tracking System and forwards
the same to the Supervising
Accountant for assignment.
2 Forwards document to as- 2 minutes Supervising Account-
3 Evaluates the request.
In case of complete support- 4 hours Assigned personnel

ing documents and justifica-
tion, prepares a Memoran-
dum for presentation to the
Commission En Banc contain-
ing the results of evaluation
and recommendation
In case of incomplete justifi- 16 hours

cation with supporting docu-
ments, prepares Advisement
Letter to the requesting party
that the subject matter is un-
der evaluation and may re-
quire additional submission of
documents.
4 Reviews Advisement Letter or 30 minutes Supervising Account-
Memorandum for presenta- ant
tion to Commission En Banc
5 Reviews and signs Advise- 10 minutes General Accountant
ment Letter or Memorandum
6 If there is a submission of ad- 1 hour Assigned personnel
ditional documents, GO TO
STEP 3
7 Presents Memorandum to the 10 minutes General Accountant
Commission En Banc for con-
sideration
8 Receives advice of the Reso- 30 minutes Assigned personnel

lution from Commission En
Banc
Prepares Advisement Letter

containing the resolution of
the Commission En Banc, no-
tifying the party whether the
request has been approved
or denied
9 Reviews Advisement Letter 30 minutes Supervising Account-
ant
ment Letter
11 Logs/Updates Index Tracking 2 minutes Executive Assistant
System
END OF TRANSACTION
Duration:
Pre-evaluation of application 20 minutes
Processing of application 1-3 days
Total duration: 31-33 days and 20 minutes
Request for Opinion on Accounting Matters

Who may avail of the service : Corporations or other interested parties with request for Opinion on Accounting Matters
Supporting documents, if any
1 Presents letter-request for Prepares Payment Assess- 10 minutes Executive Assistant Letter duly signed
opinion and supporting ment Form (PAF) and in- by authorized of-
document structs applicant to pro- ficer/ person
ceed to the Cashier
quired fee (complex is-
sues)
P10,000.00
(non-complex
issues)
1 Submits the machine- Inputs Letter-Request for 3 minutes Executive Assistant
validated PAF to the OGA Opinion or Memorandum
with the application and its referred by the Operating
supporting document, if Department to Index Track-
any ing System and forwards the
same to the Supervising Ac-
countant for assignment.
2 Forwards document to as- 2 minutes Supervising Account-
3 Evaluates the request for
opinion.
In case of the simple case 4 hours Assigned personnel

and/or no additional docu-
ments are needed for the
evaluation, prepares an Ad-
vertisement Letter or Memo-
randum containing the re-
sults of the evaluation
In case of complex case 16 hours

and/or additional docu-
ments or further research are
needed, prepares Advise-
ment Letter to requesting
party that the subject matter
is under evaluation and may
require submission of addi-
tional requirements.
4 Reviews Advisement Letter or 30 minutes Supervising Account-
Memorandum ant

ment Letter or Memorandum
6 If there is a submission of ad- 1 hour Assigned personnel
ditional documents, GO TO
STEP 3
7 Logs/Updates Index Tracking 2 minutes Executive Assistant
System
END OF TRANSACTION
Duration:
Pre-evaluation of application 20 minutes
Processing of application 1-3 days
Total duration: 31-33 days and 20 minutes
Accreditation of External Auditor/Auditing Firms

Who may avail of the service : Auditing Firms, individual practitioners/external auditors
1) Fully accomplished application form for external auditor (For initial: SEC Form ExA-001 Revised 2009; For renewal:
SEC Form ExA-001-R).
2) Certificate of Registration as public practitioner issued by BOA.
3) Copies of certificates of participation in seminars/trainings.
4) Quality Assurance Manual
5) In case of Group A, B, and C accreditation, notarized certification that the applicant has fundamental knowledge of
the regulatory requirements on each of the other secondary licensees of the Commission.
6) Copies of Audited Financial Statements (AFS) of the applicants two (2) largest clients in terms of assets.
7) Certificate of Accreditation issued by the Bangko Sentral ng Pilipinas (BSP) and Insurance Commission (IC) for those
availing the mutual recognition of accreditation.
8) Notarized complete list of corporate clients.
Notarized attestation of his/her adherence to the requirements of the Code of Ethics for Professional Accountants in
the Philippines
AUDITING
1) Fully accomplished application form for auditing firm (For initial: SEC Form AuF002 Revised 2009; For renewal: SEC Form AuF-002-R).
2) Certificate of Registration issued by BOA to the firm which is current and effective including its registered partners.
3) Quality Assurance Manual.
4) Copies of Audited Financial Statements (AFS) of the firms two (2) largest clients in terms of assets.
5) Certificate of Accreditation issued by the Bangko Sentral ng Pilipinas (BSP) and Insurance Commission (IC) for those availing the mutual recogni-
tion of accreditation.
6) Notarized complete list of corporate clients.
7) List of employees/personnel and their qualifications/position (for Groups A and B).
8) Notarized attestation of the firms adherence to the requirements of the Code of Ethics for Professional Accountants in the Philippines.
1 Secures application form Provides client application 5 minutes Officer of the day Auditing
from the OGA form, and checklist of re- Initial
quirements. SEC Form AuF
002 Revised 2009
Renewal Applica-
tion SEC Form AuF
-002-R (Revised
2009)
External Auditor
Initial Application
SEC Form ExA-001
Revised 2009
Renewal Applica-
tion SEC Form ExA
-001-R)
supporting documents and supporting docu-
ments.
not complete, the
same are returned to
applicant with list of
requirements not com-
plied with
of the Day clears ap-
plication for payment
of the prescribed fees
(applicant proceeds to
No.2)
2) Prepares Payment Assess-
ment Form (PAF) and instructs 10 minutes Executive Assistant
applicant to proceed to the
Cashier
3 Presents the PAF at the Processes payment and is- 10 minutes Cashier Auditing Firm
Cashier and settles the re- sues O.R. Group A
quired fee Filing Fee:
LRF*:
P
Total
Group
Filing Fee:
P15,000.00
LRF*:
P150.00
TOTAL:
P15,150.00
Group C
Filing Fee:
P5,000.00
LRF*:
P50.00
TOTAL:
P5,050.00
3 Individual Ap-
plicant-
Practitioner
Group A
Filing Fee:
P5,000.00
LRF*:
P50.00
TOTAL:
P5,050.00
Group B
Filing Fee:
P3,000.00
LRF*:
P30.00
TOTAL:
P3,030.00
Group C
Filing Fee:
P2,000.00
LRF*:
P20.00
TOTAL:
P2,020.00
*Legal Re-
search Fee is
equivalent to
1% of the Filing
Fee but not less
than P10.00
4 Submits the machine- 1) Checks contents and 4 minutes Executive Assistant
validated PAF to OGA with stamps and receives the
the application and its sup- three (3) sets of applica-
porting documents tion document
2) Returns one (1) copy of 1 minute Executive Assistant
the application document
to the client.
1 Inputs application to Index 3 minutes Executive Assistant
wards the same to the su-
assignment.
2 Forwards documents 2 minutes Supervising Account-

ant
3 Reviews application and 4 hours Assigned Personnel
the OGAs Evaluation Sheet
4 Prepares comment letter to
applicant/s
5 Reviews comment letter and 5 minutes Supervising Account-
Memorandum ant
6 Reviews and sign comment 5 minutes General Accountant
letter and Memorandum
letter):
1) Prepares a letter denying 10 minutes General Accountant
the application for failure
to comply with me the re-
quirements.
ant
the requirements, GO TO
STEP 4 but with a written
warning that shall result to
the denial of the application
9 1) For Group A/B, prepares 2 hours Assigned personnel
Memorandum to the
Commission En Banc
missioner) then GO TO STEP
10, 11, and 14.
2) For Group C, finalizes
evaluation Sheet for Submis-
sion to Supervising Commis-
sioner, then GO TO STEP 12,
13, and 15.
ant
(Upon receipt of clearance
from Supervising Commis-
sioner)
12 Reviews Evaluation Sheet 10 minutes Supervising Account-
ant
13 Signs final Evaluation Sheet 20 minutes General Accountant
and forwards to Supervising
Commissioner for approval
14 Receives advice of the reso- 30 minutes Assigned personnel
lution of the Commission En
Banc on the application for
A/B:

Denial: Notifies the appli-
cant of the denial and
reasons thereof
Deferment: Notifies the ap-
plicant of the deferment
and requirement to be com-
plied with or necessary ac-
tion to correct the deficien-
cy: GO TO STEP 4-6 and 8
onwards.
ceive the certificate creditation (group A/B/C)
ant
d) Signs certificates 2 minutes General Accountant
e) Notifies applicant that the 10 minutes Executive Assistant
Certificate may be
picked up (in case of rep-
resentative, subject to
presentation of authoriza-
tion letter)
f) Releases Certificate of Ac- 5 minutes Executive Assistant
creditation and forwards
duplicate file to Clerk
g) Logs in registry of Accred- 5 minutes Executive Assistant
ited Firm/External Auditor;
informs Index Tracking
Personnel of the issuance
of the certificate
h) Provides the ICTD with up- 30 minutes Executive Assistant
dated list
i) Updates tracking system 30 minutes Index Tracking Per-
sonnel
END OF TRANSACTION
Duration:
Processing of application 2 days
1) Investigates, motu proprio or upon complaint or referral, violations of laws rules and regulations enforced by the Commission;
2) Initiates the issuance of a Cease and Desist Order (CDO) by the Commission;
3) Conducts surveillance of the trading of securities in the exchanges and ensures compliance of market participants and intermediaries with
Sections 24, 26 and 27 of the SRC and its IRR;
4) Acts as the Anti-Money Laundering Desk of the Commission and acts on all requests made by the AMLC;
5) Acts as representative of the Commission on all matters relating to the IOSCO;
6) Performs such other functions as may be assigned by the Commission en banc or the Chair.
1) RECEIPT AND FILING OF COMPLAINT

Receipt and Filing of Complaint

Who may avail of the service : Public (Investors, members, stockholders, officers, NGOs, etc.)
1) with on Non-Forum
2) documents,
3) Filing fee of P2,000.00 plus 1% legal research fee (LRF) of P20.00
1 Registers with the guard Calls the officer of the day 1 minute Guard on Duty None None
(lobby) and waits to be
called
2 Proceeds to the confer- Holds conference/meeting 1 hour or depends on the sub- Officer of the Day None None
ence room with the client ject of complaint
3 Assesses the inquiry/request -do- -do- None Verified complaint
for assistance/verbal com- with Certification
plaint if within SECs jurisdic- on Non-forum
tion, if not, recommends ap- Shopping / Com-
propriate action. plaint Form
If within SECs jurisdiction,

requests the client to pre-
pare and submit to the Of-
fice of the Director a verified
complaint with Certification
on Non-forum Shopping and
other supporting docu-
ments. In instances when the
client is unable to prepare a
verified complaint, a com-
plaint form will be provided
for him to accomplish/fill up.
4 Submits to the Office of the Receives the documents 1 minute Office of the Direc- Verified complaint
Director two (2) original and forwards to the officer tors Staff with Certification
copies of verified com- of the day for assessment. on Non-forum
plaint with Certification on Shopping or Com-
Non-forum Shopping and plaint Form
other supporting docu-
ments; or the accom-
plished complaint form.
5 Assesses the verified com- 15 minutes Officer of the day None
plaint if it satisfies the formal
requisites.
6 If the verified complaint is 5 minutes Office of the Direc- PAF
acceptable, issues Payment tors Staff
Assessment Form (PAF).
7 Presents the PAF at the Processes payment and is- 10 minutes Cashier P2,020.00 (Filing
Cashier and settles the re- sues O.R. fee + LRF)
quired fee
8 Submits the machine- Receives documents and 10 minutes Office of the Direc-
validated PAF and O.R., advises the client that a let- tors Staff
and the receiving copy of ter will be sent to notify him
the verified complaint of the actions to be taken
by the department.
END OF TRANSACTION
Markets and Securities Regulation Department
1) Registers securities and grants exemption from registration such as, but not limited to, equity securities, bonds, commercial papers issued by
issuer of registered equity and bonds, real estate investment trusts and other alternative investment products, and supervises and monitors
the compliance by the issuers of such products with legal and regulatory requirements;
2) Registers and supervises securities markets and market institutions such as exchanges, alternative trading systems, over-the-counter markets
and other trading markets, self-regulatory organizations, clearing agencies, securities lending agencies, depositories, custodians, central
trade reporting systems; registrars of qualified buyers and other securities-related organizations for their compliance with legal and regula-
tory requirements;
3) Supervises intermediaries and market professionals such as brokers, dealers, government securities eligible dealers, government securities
brokers, associated persons and salespersons of broker dealers, transfer agents, investment houses, investment company advisers, mutual
fund distributors, compliance officers and certified investment solicitors of investment company advisers/mutual fund distributors, and other
securities market participants for their compliance with legal and regulatory requirements;
4) Reviews proposed rules of self-regulatory organizations (SROs) and other market participants, and proposed products and services in the
market to ensure their consistency with securities laws, regulations, policies and global best practices;
5) Reviews existing regulatory frameworks of the securities industry, conduct market-related research and recommends rules and/or reforms;
6) Establishes linkages with national and international organizations (e.g. ASEAN and APEC) and regulatory agencies with regard to the securi-
ties market, including cross-border products, services and arrangements;
7) Acts as National Numbering Agency for all securities issued in the Philippines;
8) Issues show cause orders, assesses and imposes penalties for non-compliance with rules and regulations implemented by the department;
1) APPLICATION FOR CERTIFICATE OF PERMIT TO OFFER SECURITIES FOR SALE AND ORDER OF REGISTRATION FOR EQUITIES, DEBT SECURITIES, REAL
ESTATE INVESTMENT TRUST (REIT)
2) PETITION FOR VOLUNTARY REVOCATION
3) APPLICATION FOR REQUEST FOR EXEMPT TRANSACTIONS UNDER SECTION 10.1 OF THE SRC
4) APPLICATION FOR REQUEST FOR EXEMPTION FROM REGISTRATION REQUIREMENTS UNDER SECTION 10.2 OF THE SRC
5) REVIEW OF INFORMATION STATEMENT PRIOR ITS DISTRIBUTION TO STOCKHOLDERS MEETING
6) REQUEST FOR CONFIDENTIAL TREATMENT OF INFORMATION FILED
7) ACCREDITATION OF SURETY COMPANIES
8) REQUEST FOR SEC CLEARANCE

9) REQUEST FOR COMMENT/RECOMMENDATION ON THE APPLICATION FOR ARTICLES OF INCORPORATION/PARTNERSHIP/BY-LAWS AND

AMENDMENTS RELATIVE THERETO
10) REQUEST FOR EXEMPTIVE RELIEF
11) APPLICATION OF REGISTRATION AS AN CLEARING AGENCY/CLEARING DEPOSITORY
12) APPLICATION OF REGISTRATION AS REGISTRAR OF QUALIFIED BUYER
13) APPLICATION OF ALTERNATIVE TRADING SYSTEM AND CENTRAL TRADE REPORTING SYSTEM
14) APPLICATION FOR OVER-THE-COUNTER MARKET/ASSOCIATION OF SECURITIES BROKERS AND DEALERS
Market and Securities Regulation Department
Application for Certificate of Permit to Offer Securities for Sale and Order of Registration for Equities,
Debt Securities, Real Estate Investment Trust (REIT)
Who may avail of the service : Any corporation that intends to sell or offer securities for sale to the public
1) Accomplished SEC Form 12-1, as amended (Registration Statement) and Prospectus
2) Audited Financial Statements (AFS) and Additional components of the AFS
3) Statement of Management Responsibility on the AFS
4) Material Contracts
5) Required Exhibits
stances)
1 Presents SEC Form 12-1 for Specialist a) SEC Form 12-1,
Pre-evaluation as amended
(Registration
Statement) Pro-
spectus
b) Exhibits required
2 2.1 Reviews documents. Accom- 1 hour Specialist See separate Pre-evaluation
plishes pre-evaluation checklist schedule of Checklist
and provides copy to the appli- fees and
cant based on the documents charges here
presented.
If COMPLETE, go to Step2.3.
If INCOMPLETE, go to Step 2.2
2.2 Returns document to applicant 5 minutes

for compliance. END
2.3 Computes Filing Fee and issues 10 minutes PAF
Payment Assessment Form (PAF)
and advises applicant to pay pre-
scribed fee to the Cashier. Go to
Step 3
STEP APPLICANT/CLIENT SERVICE PROVIDER DURATION OF ACTIVITY PERSON IN FEES FORM

(under normal circum- CHARGE
stances)
3 Pays the prescribed Filing See separate PAF
fee to the Cashier and sub- schedule of
mits PAF together with the fees and
required documents and charges here
its attachments to receiv-
ing clerk/support staff.
4 4.1 Receives and encodes docu- 10 minutes Support Staff
ments;
4.2 Delivers documents to Assistant 10 minutes
Director (AD) for assignment. Go
to Step 5.1
4.3 Updates records and delivers doc- 10 minutes
uments to assigned Securities Spe-
cialist and Legal Counsel. Go to
Step 6.
4.4 Transmits letter to the 30 minutes
Registrant. Go to Step 7.
4.5 Delivers Memo to Supervising 10 minutes
Commissioner/ Commission Secre-
tary for Agenda
4.6 Forwards records to ICTD for micro- 10 minutes
filming.
5 5.1 Assigns application to Specialist 10 minutes Assistant Director
and Legal Counsel. Return docu-
ments to Support Specialist. Go to
Steps 6.1 to 6.6
5.2 Reviews and initials the following: 1 day
5.2.1 DRAFT letter/ memo/
advisement/Pre-effective Letter/
Order of Registration/ Permit to
Sell/Notice
5.2.2 FINAL letter/memo/ advise-
ment/Pre-effective letter/ memo/
advisement/ Order of Registra-
tion/ Permit to Sell/Notice

stances)
6 If Initial Filing: Securities Special-
ist/ Legal Counsel
6.1 Reviews documents 7 days
6.2 Refers the Underwriting/ Manage-
ment/Distribution Agreement to
Securities Market Division
6.3 Refers Financial Statements to 3 days
OGA/Refer ID Matters to CGFD/
Repeats Step 8
6.4 Refers to OTHER GOVERNMENT
AGENCIES/EXTENSION OFFICE/PSE
(if applicable)
6.5 Conducts Ocular Inspection 1 to 2 days
(if applicable/allowed)
6.6 Prepares and initials DRAFT/FINAL
1st COMMENT LETTER based on find-
ings. Repeats Step 5.2
IF 1st Revision Compliance with 2nd 3 days

COMMENT LETTER
6.7 Repeat Steps 6.1, 6.3, 6.4 and/or

conducts meeting with the Regis-
trant.
6.7.1 If compliant with all the
requirements, goes to Step 6.8.1.
6.7.2 If still not compliant, prepares
and initials DRAFT/FINAL 2ndCOM-
MENT LETTER. Repeats Step 5.2.

stances)
6 IF 2nd Revision Compliance with 2nd 3 days Securities Special-
COMMENT LETTER ist/ Legal Counsel
6.8 Repeats Steps 6.1, 6.3, 6.4 and/or 30 minutes

conducts meeting with the Regis-
trant.
6.8.1 If AFS were cleared by OGA,
prepares and initials DRAFT/FINAL
MEMO. Repeat Step 5.2
6.8.2 If still not compliant or NO
COMPLIANCE, endorses to Legal
Counsel for Hearing.
6.9 Prepares DRAFT/FINAL NOTICE OF
HEARING. Repeats Step 5.2.
6.10 Legal Counsel holds meeting for 2 hours
REJECTION of the application.
6.11 Prepares DRAFT/FINAL REJECTION 1 hour
LETTER. Repeat Step 5.2.
7 7.1 Files reply/compliance
with Comment Letter to
support staff
7.1a. Set appointment
with Office of the Direc-
tor for schedule of
Management Presenta-
tion
7.1b. Conducts Presen-
tation with MSRD Staff

stances)
7 If reply to 1st Comment Let-
ter or 2nd Comment Letter.
Repeats Steps 4.1 and 4.3.
7.2 If application is de-

ferred, submits compli-
ance requirements. Re-
peats Steps 4.1 and 4.3.
7.3 If rendered effective,
submits FINAL PROSPEC-
TUS.
Repeats Steps 4.1, 4.3 and

Go to Step 11
7.4 Receives ORDER OF

REGISTRATION and PERMIT
TO SELL/REJECTION.
8 8.1 Reviews and evaluates AFS; Re- OGA
views and evaluates ID qualifi-
cations
8.2 Endorses findings to assigned CGFD
CGFD Specialist

stances)
9 9.1 For DRAFT COMMENT/PRE-
EFFECTIVE LETTER/MEMORANDUM/
REJECTION LETTER/ ORDER OF
REGISTRATION/PERMIT TO SELL/
NOTICE
9.1.1. Reviews and initials docu- 3 hours
ments
9.1.2. Returns document to Sup- 10 minutes
port Staff. Goes to Steps 4.3 and
6.7 or 6.8 or 6.9
9.2 For FINAL COMMENT/PRE- 3 hours

EFFECTIVE/ADVISEMENT LETTER/
NOTICE.
9.2.1. Reviews and signs docu-
ment. Repeats Step 4.4
9.3 If FINAL MEMO, reviews and signs 1 day

document. Returns documents to
Support Staff. Goes to Step 4.5.
9.4 Presents to the Commission En 1 hour
Banc
9.5 Informs Specialist/Legal Counsel
of En Banc Decision. Goes to Step
10.
For ORDER OF REGISTRATION and PER-

MIT TO SELL
9.6. A Reviews and signs document. 10 minutes
Returns document to Support
Staff. Goes to Steps 4.3
and12.4

stances)
10 Upon receipt of the Commissions ac- Securities Special-
tion on the Memorandum: ist
If Registration Statement is DENIED/

DEFERRED
10.1 Prepare DRAFT/FINAL ADVISE- 2 days
MENT LETTER
Repeat Steps 5.2, 9.1, 9.2 and 4.4

If Registration Statement is RENDERED
EFFECTIVE,
10.2 Prepare PRE-EFFECTIVE LET-
TER. Repeat Steps 5.2, 9.1, 9.2
and go to Step 7.3
11 11.1 Computes adjustment fee, if 30 minutes Securities Special-
necessary and inform registrant ist
of the additional fee. Go to
Steps 3 and 4.3.
11.2 If COMPLETE. Go to Step 12
11.3 If INCOMPLETE, notifies regis-
trant to comply with and sub-
mit the requirements. Go to
Step 7.3

stances)
12 Prepares CERTIFICATE OF PERMIT TO Securities Special-
SELL and ORDER OF REGISTRATION ist/ Legal Counsel
12.1 Prints draft/final copies of Certifi- 10 minutes
cate of Permit to Sell and Order of
Registration
12.2 Initials copy 5 minutes
12.3 Repeat Steps 5.2 and 9.6 10 minutes
12.4 Notifies issuer that the Permit and
Order are ready for release at the
MSRD. Go to Step 7.4
12.5 Forwards records to Support
Staff. Go to Step 4.6
END OF TRANSACTION
*The allotted processing time covers all submissions and evaluations of documents, i.e., initial and subsequent submissions per Comment letter/s.
Filing Fee:
Maximum aggregate price of securities to be offered Amount of Filing fee

Not more than P500 Million 0.10% of the maximum aggregate price of the securities to be offered
More than P500 Million but not more than P750 Million P500,000 plus 0.075% of the excess over P500 Million
More than P750 Million but not more than P1 Billion P687,500 plus 0.05% of the excess over P750 Million
More than P1 Billion P812,500 plus 0.025% of the excess over P1 Billion
The registration/filing fee is subject to 1% legal Research Fee (but not less than Fifty Pesos) which shall be paid at the time of filing. Securities to be registered
but which are not part of the offering, shall be based on Par Value
Shelf Registration:
Upon filing of Registration Statement based on value of the 1st Tranche
Filing fees for subsequent tranches payable within seven (7) business days prior to commencement of the offer/sale
Petition for Voluntary Revocation

Who may avail of the service : Registered Issuers, Publicly Listed Securities Issuers
What are the requirements : Petition for Revocation and required exhibits
stances)
1 Presents Petition for Revo- Issues Payment Assessment Form 10 minutes Legal Counsel P5,000.00 PAF
cation (PAF)
2 Receives the PAF and pro- Varies Cashier Amount Im-
ceeds to Cashier for pay- posed
ment
3 Forwards validated PAF Receives the validated PAF and 10 minutes Office of the Director
and documents to Support documents. Forwards to Support
Staff Staff
4 4.1 Receives and encodes 10 minutes Support Staff
documents;

to Step 5.1
4.3 Updates records and delivers 10 minutes

documents to assigned Legal
Counsel. Go Step 6.1

Registrant. Goes to Step 5.

Commissioner/ Commission Sec-
retary for En Banc presentation.
Goes to Step 7.4
4.6 Forwards records to ICTD for mi- 15 minutes

crofilming.
stances)
5 5.1 Assigns application to Legal 10 minutes Assistant Director
Counsel. Forwards documents
to Support Staff. Goes to Steps
4.3
5.2 Reviews and initials the follow-

ing:
5.2.1 DRAFT letter/ memo/ 1 day

tion/ Permit to Sell/Notice. Goes
to Step 7.1 and 4.3
5.2.2 FINAL letter/memo/ advise- 1 day

ment letter/ memo/advisement/
Order of Registration/ Permit to Sell/
Notice. Goes to Step 7.3
6 6.1 Reviews documents, prepares 1 day Legal Counsel
and initials DRAFT/FINAL Notice
of Publication. Goes to Steps 5.2,
7.1/9.2 and 4.3
6.3 Prepares and initials DRAFT/

FINAL MEMO. Repeat Step 5.2
stances)
7 7.1 For DRAFT COMMENT/ NOTICE/ 3 hours
MEMORANDUM/ORDER
7.1.a. Reviews and Initial docu-

ment
7.1.b. Returns document to Le-
gal Counsel. Goes to Step 4.6
7.2 For FINAL COMMENT/ NOTICE/ 3 hours

MEMORANDUM/ORDER
7.2.a. Reviews and signs docu-

ment. Goes to Step 4.3
7.3 If FINAL MEMO, review and sign

document. Goes to Step 4.5.
7.4 Presents to the Commission En 1 day

Banc
7.5 Informs Legal Counsel of En

Banc Decision. Goes to Step 12.
7.6 For ORDER OF REVOCATION 10 minutes
7.6.a Reviews and signs document.

Goes to Step 4.3
8 Receives Notice of Publi-
cation and publishes in
newspaper of general cir-
culation
9 Submits Affidavit of Notice Receives affidavit and wait for 15 business days Legal Counsel
of Publication complaints, if any. Goes to Step 6.3
stances)
10 Upon receipt of the Commissions
action on the Memorandum:
If DENIED/DEFERRED
10.1 Prepare DRAFT/FINAL ADVISE- 30 minutes Legal Counsel

MENT LETTER. Repeat Steps 4.2,
6.2, 7.1, 7.2 and 4.4
10.2 If RENDERED EFFECTIVE.

Goes to Step 11
11 Prepares ORDER OF REVOCATION Legal Counsel
11.1 Prints draft/final copies of Or-

der of Revocation
11.2 Initial Copy
11.3 Repeat Steps 5.2 and Go to

Step 7.6
11.4 Notifies issuer that the Permit

and Order are ready for release at
the MSRD. Goes to Step 13 and 4.6
12 Receives ORDER of Revo- Varies
cation
stances)
10 Upon receipt of the Commissions
If DENIED/DEFERRED
10.1 Prepare DRAFT/FINAL ADVISE- 30 minutes Legal Counsel

6.2, 7.1, 7.2 and 4.4
10.2 If RENDERED EFFECTIVE.

Goes to Step 11

der of Revocation
11.2 Initial Copy

Step 7.6

cation
stances)

der of Revocation
13.2 Initial Copy

Step 7.6a

cation
END OF TRANSACTION
*SEC Memorandum Circular No. 12, Series of 2016
Application for Request for Exempt Transactions Under Section 10.1 of the SRC
NOTE: This application procedure is applicable for the registration of the
Who may avail of the service : Any entity as may be allowed by the Commission
What are the requirements : SEC Form 10.1
stances)
1 Secures Application for Gives client the application form for 10 minutes Support Staff SEC Form 10.1
Registration from MSRD exempt transactions and additional
instructions
2 Presents the accomplished Pre-process the accomplished form 30 minutes Specialist Application Letter
form and supporting docu- and supporting documents with supporting
ments for pre-processing documents
by the MSRD Specialist If incomplete, returns document for
completion
If complete, prepare the Payment Payment Assess-

Assessment Form and advises ment Form (PAF)
client to pay the prescribed fee
at the Cashier.
3 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier 1/10 of 1% OR
of the Aggregate
Cashier and settles the pre-
Total Value of the
scribed fee Shares / Securities
to be sold or issued
but in no case less
than P1,000.
N.B. Fees paid

relative to the ex-
emption shall be
credited as filing
fee for the subse-
quent registration
of exempted secu-
rities.
stances)
4 Submits application, sup- a) Receives and forwards the ap- 3-5 days CRMD Support Staff
porting documents and plication form to the CRMD
machine-validated PAF/ Staff.
OR b) Advises the applicant to follow-
up the application at MSRD.
c) Upon receipt of the application, CRMD Staff
Encodes the application in
the SEC Internal Database,
and provide Document ID
Number
Attaches a copy of the latest
submitted (Amended) Arti-
cles of Incorporation and/or
any incorporation docu-
ments.
d) Logs and delivers the application CRMD Support Staff
form to MSRD
5 Receives, encodes and forwards 15 minutes Support Staff
application for confirmation to the
Assistant Director
6 Makes an evaluation of the re- 1 hour Specialist
quest. Issues resolution on the appli-
cation
7 Reviews and make additional in- 1 hour Chief Counsel
puts, if necessary
8 Reviews and signs the resolution 1 day Director
9 Picks-up and receives the Transmits resolution to applicant 15 minutes Executive Assistant
Resolution or Letter from and Electronic Records Manage-
MSRD. ment Division
END OF TRANSACTION
Application for Request for Exemption from Registration Requirements Under Section 10.2 of the
SRC
A. Letter Request for Exemption containing the following information required under Rule 10.2.3.1:
Registered Name of the Applicant/User
Purpose of the Grant of the Applicant
Number of Option Shares to be issued/Offer Price
Names and Addresses of the Applicant subsidiaries and affiliated companies and their dates of registration with the SEC
Issue Price or Exchange Rate, including the source or basis of the option shares at the time of filing
Term of the Stock Option Plan
B. Latest Audited Financial Statements
C. Articles of Incorporation of the Applicant/Issuer
D. Board of Directors and Stockholders Resolution approving the plan and authorizing the issuance of stock options
E. Notarized attestation of the Corporate Secretary of the applicant pursuant to Rule 10.2.3.2:
Approval of the applicants Board of Directors and required Stockholders approval of the stock offering plan
Genuineness and due execution of the Plan, a copy of which shall be attached to the certificate
If applicable, Breakdown of the number of option shares earlier exempted from registration, the shares subscribed by the optionees, and
the remaining unissued shares computed on a year-to year basis, status of the unissued shares and an explanation on why the applicant
has renewed its application in spite of the availability of unissued shares
If the applicant is a foreign corporation, the procedures or guidelines of the Plan on the sale, assignment, transfer or disposition of the
shares acquired by the optionees.
F. Certificate under Oath by the applicants Head of Human Relations or equivalent position, or President of the Employees Union, at the option at
the applicants, on the following items:
Names and positions of eligible or qualified optionees and number of allotment per employee
Statement that the optionees have been informed about the terms and conditions, including the attendant risks of the Plan, to enable
them to make a reasonable judgment on the advantages and disadvantages of the Plan
Reading materials, i.e. brochures, pamphlets, etc., if any
Disclosure whether or not there are Independent Directors grantees. If yes, disclose the total percentage of ownership after the grant
G. Undertaking to pay price difference from the price at the time of filing before the SEC
H. Undertaking for the Issuer to give continuous access on its Key Performance Indicators
stances)
1 Secures Application for Provides client with checklist of re- 10 minutes Support Staff Checklist of Re-
Registration from MSRD. quirements and instruction quirements
2 Presents the accomplished Pre-processes the accomplished 30 minutes Specialist Application Letter
form and supporting docu- form and supporting documents with supporting
ments for pre-processing documents
by the MSRD Specialist a) If incomplete, returns docu-
ments for completion
b) If complete, prepares the Pay- Payment Assess-
ment Assessment Form and ad- ment Form (PAF)
vises client to pay the pre-
scribed fee at the Cashier.
3 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier 1/10 of 1% Issuance of Official
Cashier and settles the pre- of the Aggre- Receipt (O.R.)
scribed fee gate Total Value
of the Shares /
Securities being
offered plus 1%
LRF
4 Submits application, sup- a) Receives and forwards the ap- 3-5 days CRMD Support Staff
porting documents and plication form to the CRMD
machine-validated PAF/ Staff.
OR b) Advises the applicant to follow-
up the application at MSRD.
c) Upon receipt of the application, CRMD Staff
Encodes the application in
the SEC Internal Database,
and provide Document ID
Number
Attaches a copy of the latest
submitted (Amended) Articles
of Incorporation and/or any
incorporation documents.
d) Logs and delivers the applica- CRMD Support Staff
tion form to MSRD
stances)
5 Receives, encodes and forwards 5 minutes Support Staff
the application to the Assistant Di-
rector.
6 a) Assigns the application to the 30 minutes Assistant Director
Specialist/Staff.
b) Reviews and provides com- 1 day
ments/inputs on the draft
Memo, and return the same to
the assigned Specialist/Staff.
c) Reviews the revised Memo, and 1 day
submit to the Director for re-
view/comments.
d) Forwards Resolution to the Assis- 1 hour
tant Director for initials, and Di-
rector for signature.
7 Incorporates the comments/inputs 3 days Specialist/Staff
made.
a) For complete documents, sub- 1 day

mits the revised Memo to the
Assistant Director, and pro-
ceeds to Step 6
b) For incomplete documents, within the day upon sub-
contacts the requesting commission of the additional
pany and waits for the compa- documents
nys compliance with the docu-
ments
c) Finalizes the Memo and for- 30 minutes
wards the same to Assistant Di-
rector. Go to Step 6
d) Prepares Resolution on the ap-
proval of the request/
application. Repeat Step 6 (d)
stances)
8 a) Reviews and provides com- 1 day Director
ments on the Memo, and re-
turns with instruction to finalize
the same. Go to Step 7
b) Reviews and signs the final 1 hour
Memo, submits and recom-
mends to the Supervising Com-
missioner for inclusion in the
Agenda of the Commission En
Banc Meeting.
c) Presentation to the Commission 1 day
En Banc
d) Informs Specialist/Staff on Com-
mission action on the Memoran-
dum. Go to Step 7(d).
e) Signs Resolution. Go to Step 9
(b)
9 Picks-up and receives the a) Delivers Memo to the Supervis- 5 minutes Executive Assistant
Resolution or Letter from ing Commissioner for further re-
MSRD. view and Agenda. Go to Step 8
(c)
b) Releases and transmits Resolu-
tion to the requesting Compa-
ny.
END OF TRANSACTION
Review of Information Statement prior its Distribution to Stockholders Meeting1

What are the requirements : Request letter with supporting documents
stances)
1 Presents Preliminary copies Prepares Payment Assessment Form 10 minutes Specialist P5,050.00 for SEC Form 20-IS
of Information Statement (PAF) and advises client to pay the registrant (Preliminary)
(IS) and Management Re- prescribed fee at the Cashier P2,020.00 other Management Re-
port (MR) than the regis- port
trant
2 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier OR
Cashier and settles the pre-
scribed fee
3 Submits IS, MR and ma- a) Receives and forwards docu- 5 minutes Executive Assistant
chine-validated PAF ments to Support Staff of SRD
b) Faxes comment/Order to Issuer.
Go to Step 4
4 a) Receives, encodes and/or for- 5 minutes Support Staff
wards documents to assigned
Specialist
b) Mails comment/Order. Repeat
Step 1
c) Encodes and forwards docu-
ments to ICTD for microfilming
5 Reviews and prepares DRAFT/FINAL 2 hours Specialist
comment letter
6 Reviews and Initials DRAFT/FINAL 1 hour Assistant Director
Comment letter
_____________________________________________________________________
1 This procedure is for the review of the Information Statement prior distribution to stockholders in connection with an annual or special meeting
stances)
7 Reviews and signs DRAFT/FINAL 1 hour Director

Comment letter
Repeat Step 3
8 Files Definitive IS and MR a) Reviews documents, if compli- Specialist SEC Form 20-IS
Calls MSRD Specialist for ant, advises to proceed with (Definitive Copy)
clearance the distribution of IS and MR to Management Re-
stockholders port
b) If not compliant, issues 2nd com-
ment letter, Repeat Steps 5 to 7.
9 9.1 Submits necessary infor- a) Repeat Step 8.1 Specialist/Lawyer MSRD Order
mation/documents b) Forwards request to Lawyer and
9.2 Files an undertaking to prepares Order allowing Issuer
comply with Commission to distribute. Repeat Steps 6
directive and 7
9.3 Submits Order of Publi- c) Consolidates documents and
cation forward to Support Staff. Re-
peat Step 4.3
END OF TRANSACTION
Request for Confidential Treatment of Information Filed2

stances)
1 Submits Request Letter with Prepares Payment Assessment Form 10 minutes Support Staff P20,000.00 Request letter
Supporting Documents (PAF) and advises client to pay the per company
prescribed fee at the Cashier and per issue
2 Presents the PAF to the Receives payment and issues corre- 10 minutes Cashier
Cashier and pay required sponding O.R and machine validat-
fee ed PAF
3 Submits the machine- a) Receives the machine- 10 minutes Support Staff
validated PAF to MSRD validated PAF and attaches it
to the request letter
b) Stamps the request letter and
the PAF with received
c) Returns one (1) copy of the re-
quest letter to the client.
4 Receives request letter, logs in and 30 minutes Support Staff
forwards the same to the Lawyer
Assigned.
5 Forwards request letter to Lawyer 10 minutes Support Staff
Assigned
_____________________________________________________________________
2 This is applicable to request for confidential treatment of information on any application, report or document under Section 8 or 17 of the SRC
stances)
6 a) Receives, studies and evaluates 1 day to 1 week Lawyer Assigned
request.
b) If request is sufficient, prepares
the memorandum to the Com-
mission en Banc.
c) If request/supporting docu-
ments is insufficient, prepares
letter directive to the applicant
to submit lacking requirements/
justifications and go back to
step 5.
7 Reviews Memo: Securities Counsel/
a) If no revision is needed, for- 1 to 2 days Chief Counsel/
wards it to Support Staff for sub- Assistant Director
mission to Director.
b) If revisions are needed, returns
to Lawyer for revision.
8 Revises Memo and forwards it to 1 day Lawyer assigned
Support Staff
9 Support Staff logs Memorandum 15 minutes Support Staff
and forwards it to Director
10 Reviews Memorandum and recom- 1 to 2 days Director
mends revision, if warranted
11 If no further comments/revisions, within the immediately Director
signs and present Memorandum to succeeding Commission
the Commission for approval En Banc meeting
stances)
12 Receives advice of the resolution of 1 day after the Commis- Lawyer assigned
the Commission on the application. sion En Banc meeting
a) If approved, prepares a letter
informing the applicant of the
approval;
b) If not approved, prepares a let-
ter informing the applicant of
the denial of the request and
additional instructions/
guidance from the Commission.
13 Reviews and countersigns the letter 1 day Securities Counsel/

if no revision and forwards it to the Chief Counsel/
Support Staff for logging and sub- Assistant Director
mission to the Director
14 Final review and signing of the letter 1 day Director
15 Logs and releases the letter for fax 15 minutes Executive Assistant
and mailing
16 Files request letter and all support- 15 minutes Lawyer assigned
ing documents including Memoran-
dum to and Resolution from the
Commission En Banc
17 Seals documents and forwards to Specialist/Lawyer
Office of the Commission Secretary Support Staff
for safe keeping
END OF TRANSACTION
Accreditation of Surety Companies

Who may avail of the service : Surety Companies
What are the requirements : All documents enumerated in Form SCA-001
stances)
1 Secures application form Provides client application forms, 5 minutes Specialist assigned Form SCA-001
and checklist of requirements.
2 Presents application and 1) Pre-evaluates application and 30 minutes Specialist assigned
supporting documents supporting documents
if application and supporting
documents are not complete,
these are returned to applicant
with the list of requirements not
complied with
if application and supporting
documents are complete, the
Specialist -in -charge clears ap-
plication for payment of the pre-
scribed fees (proceeds to No. 2)
2) Prepares Payment Assessment 10 minutes

Form (PAF) and instructs applicant
to leave a copy of the application
documents with MSRD and to pro-
ceed to the Cashier
3 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier Filing Fee:
Cashier and settles the re- P5,000.00
quired fee LRF*: P50.00
4 Submits the machine- Secures and attaches the machine 1 minute Specialist assigned
validated PAF to MSRD -validated PAF to the application
documents. 3 minutes
stances)
1 Assigns application to Specialist in 5 minutes Support Staff
charge and inputs in logbook
2 Forwards documents to Specialist in- 3 minutes Support Staff

charge
3 Reviews application and supporting 1 day Specialist assigned

documents using checklist.
4 If application is fully compliant with all 1 day Specialist assigned

requirements, prepares Memorandum
to Commission to En Banc
5 Reviews memorandum and forwards it Within 1 day Securities Counsel/

to Support Staff Chief Counsel/Assistant
Director
6 Support staff logs memorandum and 30 minutes Support Staff

forwards it to Director
7 Reviews memorandum Within 1 day Director
8 Signs and presents Memo to the Com- Within the immediately Director
mission En Banc for consideration succeeding Commission en
Banc meeting
9 Receives advice of the resolution of the Within 1 day after the Specialist assigned
Commission on the application: Commission En Banc
meeting
If approved:
a) Prepares Certificates of Accredita-
tion
b) Prints two (2) copies
c) Initials on copies
d) Director signs certificate
e) Releases Certificate of accredita-
tion and forwards duplicate file to
Specialist assigned
f) Files Certificate and all supporting
documents
END OF TRANSACTION
Request for SEC Clearance

Who may avail of the service : Any entity as may be allowed by the Commission and Holder of a Secondary License
What are the requirements : SEC MSRD Request Form
stances)
1 Secures SEC-MSRD request Advises applicant to submit SEC- 10 minutes Support Staff SEC-MSRD request
form MSRD request form and gives client form
the necessary instructions
2 Submits filled-up SEC-MSRD Receives request form or request 30 minutes Support Staff
request form letter, logs in and forwards the re-
quest letter to the assigned Special-
ist, if applicant is a holder of a sec-
ondary license. If not, prepares a
clearance.
1 Logs in and forwards request letter 10 minutes Support Staff
to Specialist- in- charge.
2 Evaluates request, prepares the 30 minutes Specialist assigned
clearance needed and submits
to the Support Staff for recording
purposes.
3 Forwards the documents to the As- 30 minutes Support Staff

sistant Director
4 Reviews Clearance: 30 minutes Securities Counsel/
If no revision is needed, forwards to Chief Counsel/
the Support Staff for submission to Assistant Director
the Director for signature
If revision is needed, returns to spe-

cialist for revision.
stances)
5 Makes the necessary revision and 15 minutes Specialist assigned
forwards the same to the Support
6 Forwards the clearance to the Assis- 10 minutes Support Staff

tant Director for initial.
7 Forwards the Clearance to the Di- 10 minutes Support Staff
rector for final review/signature.
8 Reviews Clearance and recom- 30 minutes Director
mends revisions, if warranted.
9 If no further comments/revisions, 10 minutes Director
signs and forwards to the Executive
Assistant for release.
10 Files clearance, request letter and 10 minutes Specialist assigned
supporting documents.
END OF TRANSACTION
Request for Comment/Recommendation on the Application for Articles of Incorporation/

Partnership/By-Laws and Amendments relative thereto
NOTE:
Who may avail of the service : Any entity as may be allowed by the Commission and Holder of a Secondary License
What are the requirements : SEC MSRD Request Form
stances)
1 Secures SEC-MSRD request Advises applicant to submit SEC- 10 minutes Support Staff SEC-MSRD request
form MSRD request form and gives client form
the necessary instructions
2 Submits filled-up SEC-MSRD Receives request form or request 30 minutes Support Staff
request form with attached letter, logs in and forwards the re-
quest letter to the assigned Special-
ist, if applicant is a holder of a sec-
ondary license. If not, prepares
comments/ recommendations
1 Logs in and forwards request letter 10 minutes Support Staff
to Specialist- in- charge.
2 Evaluates request and prepares the 1 day Specialist assigned
comments/recommendations and
returns to Support Staff for record-
ing purposes and submission to the
Assistant Director.
3 Reviews Comments/ Recommen- Within 1 day Securities Counsel/
dation: Chief Counsel/
If no revision is needed, forwards to Assistant Director
Director for signature.
If revision is needed, returns to spe-
cialist for revision.
stances)
4 Makes the necessary revision and 30 minutes Specialist assigned
forwards the documents to the Sup-
5 Forwards the comments/ recom- 10 minutes Support Staff

mendations to the Assistant Director
6 Forwards the comments/ recom- 10 minutes Support Staff

mendations to the Director for final
review/signature.
7 Reviews comments/ recommenda- Within 1 day Director
tion and recommends revisions, if
warranted.
8 If no further comment/revisions, 10 minutes Director
signs and forwards to the Executive
Assistant for release.
9 File comments/recommendations, 10 minutes Specialist assigned
request letter and supporting docu-
ments.
END OF TRANSACTION
Request for Exemptive Relief

NOTE:
stances)
1 (Optional, may skip & pro- Advises applicant to submit request 10 minutes Specialist Assigned
ceed to Step 2) letter and gives client the necessary
instructions
Secures advice from the
Department re subject
matter of proposed ex-
emptive relief
2 Submits Request letter with Prepares Payment Assessment Form 10 minutes Support Staff
Supporting Documents (PAF) and advises client to pay the
prescribed fee at the Cashier, if ap-
plicable (applicable to request for
exemptive relief, not applicable to
request for approval).
If not applicable, proceed to #5
3 Presents the PAF to the Receives payment and issues corre- 10 minutes Cashier
Cashier and pay required sponding O.R.
fee
4 Submits the machine- a) Receives the machine- 10 minutes Support Staff
validated PAF to MSRD validated PAF and attaches it
to the request letter.
b) Stamps the request letter and
the PAF with received
c) Returns one (1) copy of the re-
quest letter to the client.
stances)
5 Receives request letter, logs in and 30 minutes Support Staff
forwards the same to the Specialist
Assigned.
6 Forwards request letter to Specialist 10 minutes Support Staff
Assigned
7 Receives, studies and evaluates Within 1 day Specialist Assigned
request. to 1 week
a) If request is sufficient, prepares

the memorandum to the Com-
mission en Banc.
b) If request/supporting docu-
ments is insufficient, prepare
letter directive to the applicant
to submit lacking requirements/
justifications and go back to
step 5.
8 Reviews Memo: Securities Counsel/
a) If no revision is needed, for- Within 1 to 2 days Chief Counsel/
wards it to Support Staff for sub- Assistant Director
mission to Director.
b) If revisions are needed, returns
to Specialist for revision.
9 Revises Memo and forwards it to Within 1 day Specialist assigned
Support Staff
10 Support Staff logs Memorandum 15 minutes Support Staff
and forwards it to Director
11 Reviews Memorandum and recom- Within 1 to 2 days Director
mends revision, if warranted
12 If no further comments/revisions, Within the immediately Director
signs and presents Memorandum to succeeding Commission
the Commission for approval En Banc meeting
stances)
13 Receives advice of the resolution of Within 1 day after the Specialist assigned
the Commission on the application. Commission En Banc
meeting
a) If approved, prepares a letter
informing the applicant of the
approval;
b) If not approved, prepares a let-
ter informing the applicant of
the denial of the request and
additional instructions/
guidance from the Commission.
14 Reviews and countersigns the letter Within 1 day Securities Counsel/
if no revision and forwards it to the Chief Counsel/
Support Staff for logging and sub- Assistant Director
mission to the Director
15 Final review and signing of the letter Within 1 day Director
16 Logs and releases the letter for fax 15 minutes Executive Assistant
and mailing
17 Files request letter and all support- 15 minutes Specialist assigned
ing documents including Memoran-
dum to and Resolution from the
Commission En Banc
END OF TRANSACTION
Application of Registration as an Exchange/Exchange SRO/Clearing Agency/

Clearing Agency SRO and Depository
A. Exchange/Exchange-SRO (SEC Form 33/SEC Form 33-SRO)
B. Clearing Agency/Clearing Agency-SRO (SEC Form 42-CA/SEC Form 42-SRO)
C. (SEC Form 42-CA/SEC Form 42-SRO)
Who may avail of the service :
A. As an Exchange/Exchange-SRO
Any Stock
1) No person may own or directly or more than five percent {5%) of the voting rights of the Exchang
2) No industry or business group may beneficially own or or than percent (20%) of the rights of
the Exchange.
B. As a
Any entity may be allowed by the
A. Cover Sheet
B. SEC Form-33 and SEC Form 33-SRO
C. Statements and Exhibits required by SEC Form-33 and SEC Form 33-SRO
D. Copy of the latest GIS
E. Copy of the license of the CPA
F. Manual on Corporate Governance
stances)
1 Secures Application for Gives client the necessary applica- 10 minutes Support Staff a) SEC Form 33/
Registration from MSRD. tion form and additional instructions SEC Form 33-
SRO
b) SEC Form 42-
CA/SEC Form
42-SRO
stances)
2 Presents the accomplished Pre-processes the accomplished 30 minutes Specialist See separate Accomplished SEC
form and supporting docu- form and supporting documents schedule of Form With support-
ments for pre-processing fees and ing documents
by the MSRD Specialist a) If incomplete, completes the charges here
documents first.
b) If documents are complete, Payment Assess-
prepares the Payment Assess- ment Form (PAF)
ment Form and advises client to
pay the prescribed fee at the
Cashier.
3 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier P50,000 + LRF OR
Cashier and settles the pre- of 1%
scribed fee
4 Submits application, sup- Receives, encodes and forwards 10 minutes Support Staff
porting documents and the application to the Assistant Di-
machine-validated PAF/ rector or Specialist or Legal Counsel
OR
5 Reviews and examines documents 90 days Chief Counsel
as to their compliance with the re- Securities Counsel
quirements of the SRC. Examiner
Specialist
a) If the documents are deficient,
requests applicant to correct
deficiencies. OTHERWISE, go to
STEP 2.
b) Accepts corrected documents.
6 Prepares Comment or Memoran- 12 days Chief Counsel
dum elevating the matter to the Securities Counsel
Commission En Banc for its approv- Examiner
al. Specialist
7 Reviews the Comment and/or 3 days Assistant Director
Memorandum.
stances)
8 Reviews and Signs the Comment 1 day Director
and/or Memorandum for presenta-
tion to the Commission En Banc.
9 Transmits the Comment to the Ap- 30 minutes Executive Assistant
plicant or;
Transmits the Memorandum to the
Commission Secretary for inclusion
in the Agenda of the Commission
En Bancs meeting.
10 Presents the application to the 1 day Director
Commission En Banc.
11 If registration is approved,
a) Prepares the certificate or li- 30 minutes Specialist
cense, and forwards it to the
Div.s support staff.
b) Assigns and records license 10 minutes Support Staff
number to the prepared certifi-
cate or license.
c) Forwards the certificate or li- 3 minutes Support Staff
cense, and other documents to
the AD for review and initial.
d) AD reviews and initials. 1 hour Assistant Director
e) Forwards the certificate or li- 3 minutes Support Staff
the Director for review and sig-
nature.
f) Director reviews and signs. 1 hour Director
g) Records and then forwards orig- 10 minutes Support Staff
inally-signed certificate or li-
cense to the ERMD-Releasing
Section for release.
h) Provides the IPSD w/ a replicate 5 minutes Support Staff
copy of the certificate or li-
cense for filing.
i) Files replicate copy. 10 minutes Specialist/Support
Staff
stances)
12 If the Commission favors instituting
Proceedings for denial, it
a) Schedules hearing Director
b) Conducts hearing Commission
c) Makes decision Commission
13 If after hearing, registration is ap-
proved, go to STEP 11.
14 If after hearing, registration is de-
nied,
a) Drafts response letter informing 1 day Specialist
applicant of the decision.
b) Forwards draft copy to AD for 3 minutes Specialist
review.
c) AD reviews draft letter and 4 hours Assistant Director
gives instruction.
d) Prepares final copy incorporat- 30 minutes Specialist
ing suggested changes by the
AD, if any.
e) Forwards the letter to the AD for 3 minutes Support Staff
review and signature.
f) AD reviews and initials. 30 minutes Assistant Director
g) Forwards the letter to the Direc- 3 minutes Support Staff
tor for review and signature.
h) Director reviews and signs. 1 hour Director
i) Records and forwards to the 10 minutes Support Staff
Mailing Section of the SEC the
signed letter for transmittal to
the applicant.
j) Provides the IPSD with a repli- 5 minutes Support Staff
cate copy of the letter for filing.
k) Files replicate copy. 10 minutes Specialist
Support/Clerical

stances)
15 Picks-up and receives the Verbally requests applicant to pick up 20 minutes Specialist
license/certificate from and receive the
ERMD-Releasing, or Denial a) License or certificate, if approved,
Letter from MSRD or
b) Denial letter, if denied.
END OF TRANSACTION
Filing Fee:
New Annual Fees

Exchanges PhP50,000 + LRF of 1% See table below
Philippine Stock Exchange (PSE) Per Semester, 1/100 of 1% of the aggregate amount of sales of securities transacted on such Exchange during
Additional Fees of Exchanges the preceding calendar year or any part thereof.
Per Semester, 1/1,000 of 1% of the aggregate amount of sales of securities transacted on such Exchange during
Philippine Dealing and Exchange Corpora-
the preceding calendar year or any part thereof.
tion (PDEX)
(The complete list of Transaction Fees for the Value Turnovers per Semester was provided in SEC Memorandum
Additional Fees of Exchanges
Circular No. 12, Series of 2016)
1/1,000 of 1% of transactions cleared and settled in the
Clearing Agencies PhP50,000 + LRF of 1%
previous year + LRF of 1%
1/2,000 of 1% of securities in custody during the previ-
Central Depositories PhP50,000 + LRF of 1%
ous year + LRF of 1%
Self Regulatory Organizations (SRO) PhP50,000 + LRF of 1% PhP100,000 + LRF of 1%
Application of Registration as Registrar of Qualified Buyer

NOTE: This application procedure is applicable for the registration of Registrar of Qualified Buyer (SEC Form 39-REGISTRAR/AMD)
A. Cover Sheet
B. Application for Registration (SEC Form 39-Registrar/AMD)
C. Copy of Internal Procedures
stances)
1 Secures Application for Gives client the necessary applica- 10 minutes Support Staff SEC Form 39-
Registration from MSRD. tion form and additional instructions Registrar/AMD
2 Submits the accomplished Evaluates registration documents 30 minutes Specialist/Examiner Accomplished SEC
form and other documents submitted and prepares letter to Form With support-
to MSRD for review and applicant to make presentation on ing documents
processing their registry procedures
3 Makes a presentation to Attends the presentation to MSRD 1 hour Specialist/Examiner
MSRD on the registry pro- on the registry procedures. Director /Chief
cedures. Counsel
4 Waits for the advise from Specialist reviews the contents of 30 minutes Specialist/Examiner
MSRD if the result of review the submitted documents as well as
is Ok and application is the presentation made as to their
approved otherwise, ac- compliance with the requirements
complish first what is being of relevant laws, rules and regula-
required. tions of the SRC
a) If registration documents is
complete and compliant, pro-
ceed immediately to STEP 10
b) If registration documents are
deficient and non-compliant,
send deficiency letter to appli-
cant
stances)
5 Preparation of deficiency letter
a) Specialist prepares letter to ap- 30 minutes Specialist/Examiner

plicant for the deficiency(s)/
observation(s) noted
b) Specialist forwards the draft to 3 minutes Specialist/Examiner
the AD for further review
c) AD reviews and comments 1 hour Assistant Director
d) AD returns draft to the Specialist
for revision, if any
e) Specialist finalizes the draft, ini- 30 minutes Specialist/Examiner
tials and forwards the same to
the AD
f) AD reviews, initials and forwards 30 minutes Assistant Director
to Director for final review and
approval
g) Director reviews and signs Di- 1 hour Director
rector forwards signed letter to
the Support/Clerical Staff for
transmittal
6 Support Staff receives reply letter 5 minutes Support Staff
from the applicant and supporting
documents, if any
7 Support Staff logs the document 5 minutes Support Staff
and forwards it to the AD
8 AD forwards the additional docu- 5 minutes Assistant Director
ments to the concerned Specialist
stances)
9 Specialist reviews and evaluates 1 hour Specialist/Examiner
again the contents of the addition-
al documents submitted
a) If additional documents are suf-
ficient and compliant, proceed
to STEP 10
b) If additional documents are still
deficient and non-compliant,
send deficiency letter to appli-
cant. Proceed to STEP 5
10 Preparation of approval letter 30 minutes Specialist/Examiner
a) Specialist prepares letter to ap-
plicant approving its registration
application
b) Specialist forwards the draft to
the Assistant Director (AD) for
further review
c) AD reviews and comments 1 hour Assistant Director
d) AD returns draft to the Specialist
for revision, if any
e) Specialist finalizes the draft, ini- 30 minutes Specialist/Examiner
tials and forwards the same to
the AD
f) AD reviews, initials and forwards 30 minutes Assistant Director
to Director for final review and
approval
g) Director reviews and signs 1 hour Director
h) Director forwards signed letter
to the Support/Clerical Staff for
transmittal
11 Specialist files the documents and within 5 minutes Specialist/Examiner
furnishes a copy to the monitoring
division of MSRD
END OF TRANSACTION
Application of Alternative Trading System and Central Trade Reporting System

A. Alternative Trading System (SEC Form 33/SEC Form 33-SRO)
B. Central Trade Reporting System (SEC Form 33/SEC Form 33-SRO)

For ATS Registration
A. Cover Sheet
B. ATS Registration Form (ATS Form 1)
C. Statements and Exhibits required by ATS Form 1
For ATS Registration
A. Cover Sheet
B. Application for Central Trade Reporting System
C. Statements and Exhibits required by Section 17 of SEC Memorandum Circular No. 14 Series of 2006
stances)
1 Secures Application for Gives client the necessary applica- 10 minutes Support Staff SEC Form 33/SEC
Registration from MSRD. tion form and additional instructions Form 33-SRO (Same
form for both ATS
and CTRS registra-
stances)
2 Presents the accomplished Pre-process the accomplished form 30 minutes Specialist Accomplished SEC
form and supporting docu- and supporting documents Form
ments for pre-processing a) If incomplete, complete the With supporting
by the MSRD Specialist documents first. documents
b) If documents complete, pre-
pare the Payment Assessment
Form and advises client to pay Payment Assess-
the prescribed fee at the Cash- ment Form (PAF)
ier.
3 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier PhP50,000 + OR
Cashier and settles the pre- LRF of 1%
scribed fee
OR
a) If the documents are deficient, Specialist
STEP 2.
al. Specialist
Memorandum.
stances)
plicant or;
En Bancs meeting.
Commission En Banc.
cate or license.
nature.
cense for filing.
i) Files replicate copy. 10 minutes Specialist
Support Staff
stances)
c) Makes decision. Commission
nied,

review.
gives instruction.
AD, if any.
the applicant.
k) Files replicate copy. 10 minutes Specialist
Support Staff
stances)
15 Picks-up and receives the Verbally requests applicant to pick 20 minutes Specialist
license/certificate from up and receive the
ERMD-Releasing, or Denial a) License or certificate, if ap-
Letter from MSRD proved, or
END OF TRANSACTION
Application for Over-the-Counter Market/Association of Securities Brokers and Dealers

NOTE: This application procedure is applicable for the registration of Registrar of Qualified Buyer (SEC Form 39-REGISTRAR/AMD)
A. Cover Sheet
B. SEC Form 39-BD
C. Statements and Exhibits required by SEC Form 39-BD
stances)
1 Secures Application for Gives client the necessary applica- 10 minutes Support Staff SEC Form 39-BD
Registration from MSRD. tion form and additional instructions
2 Presents the accomplished Pre-process the accomplished form 30 minutes Specialist Accomplished SEC
form and supporting docu- and supporting documents Form With support-
ments for pre-processing a) If incomplete, complete the ing documents
by the MSRD Specialist documents first.
b) If documents complete, pre- PAF
pare the Payment Assessment
Form and advises client to pay
the prescribed fee at the Cash-
ier.
3 Presents the PAF at the Processes payment and issues O.R. 10 minutes Cashier PhP50,000 + OR
Cashier and settles the pre- LRF of 1%
scribed fee
OR
stances)
a) If the documents are deficient, Specialist
STEP 2.
al. Specialist
Memorandum.
plicant or;
En Bancs meeting.
Commission En Banc.
stances)
cate or license.
nature.
cense for filing.
i) Files replicate copy. 10 minutes Specialist
Support Staff
c) Makes decision Commission
stances)
nied,
review.
gives instruction.
AD, if any.
the applicant.
k) Files replicate copy. 10 minutes
Specialist
Support Staff
15 Picks-up and receives the Verbally requests applicant to pick 20 minutes Specialist
license/certificate from up and receive the
ERMD-Releasing, or Denial a) License or certificate, if ap-
Letter from MSRD proved, or
END OF TRANSACTION
1) Registers or grants exemption from registration securities of Mutual Fund Companies (MFCs) and Exchange-Traded Funds (ETFs); issuers of
proprietary and non-proprietary membership certificates/shares; timeshares; and commercial papers offered or sold by unlisted or unregis-
tered issuers;
2) Licenses Investment Companies (ICs);
3) Accredits Corporate Governance Training Providers (CGTP);
4) Monitors Public Companies (PCs), Mutual Fund Companies (MFCs), Exchange-Traded Funds (ETFs), Financing Companies (FCs), Lending
Companies (LCs), Issuers of Membership Certificates/Shares, Timeshares/Commercial Papers and Foundations compliance with existing
laws and regulations;
5) Monitors covered companies compliance with the Revised Code of Corporate Governance (RCCG) and other governance issuances of
the Commission;
6) Promotes good corporate practices and principles;
7) Updates the status of some pre-need corporations by virtue of the Commissions residual power and resolves claims filed with the SEC be-
fore the enactment of the Pre-Need Code;
8) Acts as Credit Information Corporation (CIC) helpdesk;
9) Participates in Congressional hearings on proposed bills affecting the SEC;
10) Participates in inter-agency and private sector meetings or consultations;
1) Monitoring of Mutual Funds, Exchange Traded Funds, Public Companies, Issuers of Registered Unlisted Securities and Issuers of Proprietary
and Non-Proprietary Shares, Membership Certificates and Timeshares
2) Application for Certificate of Permit to Sell Securities and Order of Registration for Mutual Funds, Exchange Traded Funds and Proprietary/
Non-Proprietary Shares, Membership Certificates, Timeshares
3) Petition for Voluntary Revocation
4) Request for Exemption/Confidential Filing
5) Handling of Complaints Filed Against Covered Institutions
6) Monitoring of Financing/Lending Companies/Foundations/Microfinance NGOs
7) Monitoring of Publicly Listed Companies, Mutual Funds, Exchange Traded Funds, Public Companies, and Issuers of Membership Certificates
and Timeshares Compliance with Corporate Governance Regulations
8) Application for Accreditation as Corporate Governance Institutional Training Provider

Monitoring of Mutual Funds, Exchange Traded Funds (ETF), Public Companies, Issuers of Registered
Unlisted Securities and Issuers of Proprietary and Non-Proprietary Shares, Membership Certificates
and Timeshares
Who may avail of the service : Mutual Fund Companies, ETF Companies, Public Companies, Issuers of Registered Unlisted Securities, and Issuers
of Proprietary and Non-Proprietary Shares, Membership Certificates and Timeshares
What are the requirements : Information Statement (SEC Form 20-IS)
MONITORING IN RELATION TO AN APPLICATION FOR AMENDMENT OF ARTICLES OF INCORPORATION AND/OR BY-LAWS, GOOD STANDING AND CLEARANCE
stances)
1 Registers with the Guard. Gives the Client a Number and Re- 5 minutes Guard on Duty N/A Request Slip
Gets Number and Request quest Slip.
Slip.
2 Accomplishes Request Slip Receives Request Slip and forwards 5 minutes Officer-of-the-Day
and submits it to Officer-of it to Specialist in-Charge
the-Day
3 Monitors companys compliance
with reportorial requirements thru
monitoring index and SEC i-Report
and other relevant source.
a) If compliant: Prepares routing
slip/endorsement to the CRMD/
other concerned SEC depart-
ments
b) If NOT compliant: Prepares rout-
ing slip indicating the deficien-
cies of the monitored company
Forwards draft/final routing slip/ en-
dorsement memorandum to Assis-
tant Director and Director.
stances)
4 Reviews and initials draft/ final rout- 15 minutes Assistant Director/ N/A
ing slip/ endorsement memoran- Director
dum
5 a) If compliant and not subject to 15 minutes Specialist-in-Charge

penalty: Issues clearance. END
OF TRANSACTION.
b) If compliant and subject to
penalty: Issues Payment Assess-
ment Form (PAF), in cases
where the client has been pre-
viously monitored and has been
assessed penalty/ies.
6 Receives the clearance
7 Receives the PAF and pro- Receives payment and issues OR Varies Cashier Amount im- PAF/OR
ceeds to Cashier for pay- posed
ment
8 Forwards validated PAF Receives the validated PAF and 15 minutes Specialist-in-Charge
and official receipt to Spe- draft/final routing slip/endorsement
cialist-in-charge memorandum to Assistant Director
and Director
Advices the Client that the Order
on Payment will be sent to the prin-
cipal officer address via mail
9 Reviews and initials draft/ final rout- 15 minutes Assistant Director/
ing slip/ endorsement memoran- Director
dum
10 Receives the clearance
END OF TRANSACTION
PAYMENT OF FEES/ASSESSED PENALTIES

stances)
Slip.
2 Accomplishes Request Slip Receives Request Slip and forwards 5 minutes Officer-of-the- Information State-
and submits documents to documents to Specialist in-Charge Day ment
Officer-of the-Day (SEC Form 20-IS)
3 Evaluates documents 15 minutes Specialist-in-
Charge
4 Issues Payment Assessment Form 10 minutes Specialist-in- Payment of fees: PAF
(PAF) Charge Information State-
ment and/or Solicita-
tion of Votes by the
Registrant: P7,500 plus
1% Legal Research
Fee (All subsequent or
amended Infor-
mation Statement
shall be subject to a
fee of P5,000 plus 1%
Legal Research Fee)
Solicitation of Votes
Other than by the
Registrant:
P5,000 plus 1% Legal
Research Fee*
Payment of assessed
fees: Variable
(Depends on the vio-
lations committed)

stances)
5 Receives the PAF and pro- Receives payment and issues OR Varies Cashier Amount Imposed PAF/OR
ceeds to Cashier for pay-
ment
6 Forwards validated PAF Receives the validated PAF and 10 minutes Specialist-in-
and official receipt to Spe- instructs the Client that the Order Charge
cialist-in-charge on Payment will be sent to the prin-
cipal office address via mail
END OF TRANSACTION
Duration : Request referring to payment of fees/penalties: 30 minutes to 1 hour (depending on causes beyond the control of the
division, such as the accessibility and performance of SEC i-Report e-payment and volume of clients at the Cashier)
Request referring to monitoring in relation to an application for Amendment of Articles of Incorporation and/or By-laws:
*If compliant 1 to 2 hours
*If not compliant Walk-in clients are provided with Routing Slip indicating the deficiencies of the monitored
companies for their compliance.
Application for Certificate of Permit to Sell Securities and Order of Registration for Mutual Funds, Ex-
change Traded Funds, and Proprietary/Non-Proprietary Shares , Membership Certificates and
Timeshares
Who may avail of the service : Any corporation that intends to sell or offer for sale securities to the Public for Mutual Funds, Exchange
Traded Funds and Issuers of Proprietary/Non-Proprietary, Membership Certificates, and Timeshares
What are the requirements : 1) Accomplished SEC Form 12-1, as amended (Registration Statement)
2) Exhibits to be submitted together with Registration Statement:
I. Initial Minimum Documentary Requirements
a) Audited Financial Statements & Statement of Managements Responsibility;

b) Draft Notice of Publication;
c) Articles of Incorporation and By-laws;
d) Opinion re: Legality of Issue (notarized);
e) Opinion re: Tax Matter;
f) Consents of Experts and Independent Counsel;
g) Notarized Curriculum Vitae and Recent Photographs of Officers and Members of the Board of Directors;
h) Bank Authorization which shall be continuous as long as the registration of securities of the issuer is effective;
i) Copy of Board Resolution approving the securities offering and authorizing the filing of the RS;
j) Duly verified Board Resolution dated and manually signed by a majority of the issuers Board of Directors;
approving the disclosures contained in the RS and assuming responsibility for the information contained
therein;
k) Secretarys Certificate as to adoption by the companys Board re: (1) Adoption of a Fit and Proper Rule for
the selection of corporate directors/officer; (2) Submission of an Undertaking allowing the SEC to resolve
conflicting issues regarding the selection of independent directors;
l) Sample of Subscription Agreement;
m) Manual on Corporate Governance; at least 2 Independent Directors; and
n) Anti-Money Laundering Manual
II. Additional Requirements
a) Mutual Funds:
i) Management Contract/Agreement;
ii) Distribution Agreement;
iii) Custodian or Escrow Agreement;
iv) Advisory Agreement; and
v) Certification, under oath, by the President and Chairman of the Board, or their equivalent in rank, describing
the involvement, if any, by management or members of the Board of Directors in companies that the invest-
ment company will be dealing with.
b) Exchange Traded Funds:

i) Contract/Agreement with Fund Manager;
ii) Contract/Agreement with Authorized Participants;
iii) Contract/Agreement with Market Maker;
iv) Contract/Agreement with Index Provider;
v) Contract/Agreement with Custodian Bank;
vi) Contract/Agreement with Transfer Agent; and
vii) Certification under oath, by the President and Chairman of the Board, or their equivalent in rank, describing the
involvement, if any, by management or members of the Board of Directors in companies that the investment
company will be dealing with.
c) Proprietary/Non-Proprietary Shares, Membership Certificates, Timeshares:

i) Escrow/Custodian Agreement with a reputable bank;
ii) Credit Line Agreement;
iii) House/Membership Rules and Compliance Certificate;
iv) Copy of Environmental Compliance Certificate;
v) Copy of Lease Contract (if property is under Lease);
vi) Certified true copy of Transfer Certificate of Title (TCT);
vii) Copy of brochures and other selling materials;
viii) Copy of Development Agreement; and
ix) Copy of Trust Agreement (if timeshares).

stances)
1 Presents SEC Form 12-1 for Officer of the 1) SEC Form 12-1, as
Pre-evaluation day amended
(Registration
Statement)
2) Exhibits required
2 2.1 Reviews documents. 1 hour Officer of the Pre-evaluation
Accomplishes pre- day Checklist
evaluation checklist
and provide copy to
the applicant based on
the documents pre-
sented.
If COMPLETE, go to Step
2.3.
If INCOMPLETE, go to Step
2.2
2.2 Returns document to 5 minutes

applicant for compli-
ance. END
2.3 Computes Filing Fee 10 minutes

and issues Payment Assess-
ment Form (PAF) and ad-
vises applicant to pay pre-
scribed fee to the Cashier.
Go to Step 3

stances)
3 Pays the prescribed Filing Please see separate Payment Assess-
fee to the Cashier and sub- schedule of fees* ment Form
mits PAF together with the
required documents and
its attachments to receiv-
ing clerk/support staff.
documents;
4.2 Delivers documents toAssistant 10 minutes

Director (AD) for assignment.
Go to Step 5.1

documents to assigned Securi-
ties Specialist and Legal Coun-
sel. Go Step 6.


retary for Agenda

crofilming.
5 5.1 Assigns application to Specialist 10 minutes Assistant Direc-
and Legal Counsel. Return doc- tor
uments to Support Specialist. Go
to Steps 6.1 to 6.6

stances)
5 5.2 Reviews and initials the follow- 1 day Assistant Direc-
ing: tor
5.2.1 DRAFT letter/ memo/

tion/ Permit to Sell/Notice
5.2.2 FINALletter/memo/ advise-

Notice
6 If Initial Filing: Securities Spe-
cialist/ Legal
6.1 Reviews documents 7 days Counsel
6.2 Refers the Underwriting/ Man-

agement/Distribution Agree-
ment to MSRD
6.3 Refers Financial Statements to 3 days

OGA. Repeats Step 8
6.4 Refers to OTHER

GOVERNMENT AGENCIES (if appli-
cable)
6.5 Conducts Ocular Inspection (if 1 to 2 days

applicable/allowed)

FINAL 1st COMMENT LETTER
based on findings. Repeats Step
5.2

stances)
6 IF 1st Revision Compliance with 2nd
COMMENT LETTER
6.7 Repeats Steps 6.1, 6.3, 6.4 and/ 3 days

or conducts meeting with the
Registrant.
6.7.1 If compliant with all the

requirements, go to Step
6.8.1.
6.7.2 If still not compliant, pre-

pares and initials DRAFT/FINAL
2nd COMMENT LETTER. Repeats
Step 5.2.
IF 2nd Revision Compliance with

2nd COMMENT LETTER
6.8 Repeats Steps 6.1, 6.3, 6.4 and/

3 days
or conducts meeting with the
Registrant.
6.8.1 If AFS were cleared by

OGA, prepares and initials
DRAFT/FINAL MEMO. Repeat
Step 5.2
6.8.2 If still not compliant or NO

COMPLIANCE, endorses to Legal
Counsel for Hearing.
6.9 Prepares DRAFT/FINAL NOTICE

30 minutes
OF HEARING. Repeats Step 5.2.

stances)
6 6.10 Legal Counsel holds meeting 2 hours
for REJECTION of the applica-
tion.
6.11 Prepares DRAFT/FINAL REJEC- 1 hour

TION LETTER. Repeat Step 5.2.
7 7.1 Files reply/compliance
with Comment Letter to
support staff
If reply to 1st Comment Let-

ter or 2nd Comment Let-
ter. Repeats Steps 4.1
and 4.3.
7.2 If application is de-

ferred, submits compli-
ance requirements. Re-
peats Steps 4.1 and 4.3.
7.3 If rendered effective,

submits FINAL PROSPEC-
TUS.
Repeats Steps 4.1, 4.3 and

Go to Step 11
7.4 Receives ORDER OF

REGISTRATION and PERMIT
TO SELL/REJECTION. END
8 8.1 Reviews and evaluates AFS Office of the
General Ac-
8.2 Endorses findings to assigned countant
CGFD Specialist

stances)
9 9.1 For DRAFT COMMENT/ Director
MEMORANDUM/ REJECTION LET-
TER/ ORDER OF REGISTRATION/
PERMIT TO SELL/NOTICE
9.1.1. Reviews and initials docu- 3 hours

ments
9.1.2. Returns document to Support 10 minutes
Staff. Go to Steps 4.3 and
6.7 or 6.8 or 6.9
9.2 For FINAL COMMENT/ ADVISE- 3 hours

MENT LETTER/NOTICE.
9.2.1. Reviews and signs docu-

ment. Repeats Step 4.4
9.3 If FINAL MEMO, reviews and 1 day

signs document. Returns docu-
ments to Support Staff. Go to
Step 4.5.
9.4 Presents to the Commission En 1 hour

Banc
9.5 Informs Specialist/Legal Counsel

of En Banc Decision. Go to Step
10.
9.6 For ORDER OF REGISTRATION

and PERMIT TO SELL
9.6.a Reviews and signs document. 10 minutes

Returns document to
Support Staff. Go to Steps 4.3 and
12.4

stances)
10 Upon receipt of the Commissions 2 days Securities Spe-
action on the Memorandum: cialist
If Registration Statement is DENIED/

DEFERRED
10.1 Prepare DRAFT/FINAL ADVISE-

MENT LETTER
Repeat Steps 5.2, 9.1, 9.2 and 4.4
If Registration Statement is REN-

DERED EFFECTIVE, go to Step 7.3
11 11.1 Computes adjustment fee, if 30 minutes Securities Spe-
necessary and inform registrant cialist
of the additional fee. Go to
Steps 3 and 4.3.
11.2 If COMPLETE. Go to Step 12
11.3 If INCOMPLETE, notifies regis-

trant to comply with and submit the
requirements. Go to Step 7.3

stances)
12 Prepares CERTIFICATE OF PERMIT TO Securities Spe-
SELL and ORDER OF REGISTRATION cialist/ Legal
12.1 Prints draft/final copies of Cer- 10 minutes Counsel
tificate of Permit to Sell and Order
of Registration
12.2 Initials copy 5 minutes
12.3 Repeat Steps 5.2 and 9.6 10 minutes
the CGFD. Go to Step 7.4
12.5 Forwards records to Support
Staff. Go to Step 4.6
END OF TRANSACTION
*The allotted processing time covers all submissions and evaluations of documents, i.e., initial and subsequent submissions per Comment Letter/s.
Filing Fee :
Maximum aggregate price of securities to be offered Amount of Filing fee

Not more than P500 Million 0.10% of the maximum aggregate price of the securities to be offered
More than P500 Million but not more than P750 Million P500,000 plus 0.075% of the excess over P500 Million
More than P750 Million but not more than P1 Billion P687,500 plus 0.05% of the excess over P750 Million
More than P1 Billion P812,500 plus 0.025% of the excess over P1 Billion
The registration/filing fee is subject to 1% legal Research Fee (but not less than Fifty Pesos) which shall be paid at the time of filing.
Securities to be registered but which are not part of the offering, shall be based on Par Value
Shelf Registration:
a) Upon filing of Registration Statement based on value of the 1st Tranche
b) Filing fees for subsequent tranches payable within seven (7) business days prior to commencement of the offer/sale
Registration Fee of Mutual Funds - Based on Net Asset Value per share but in no case less than par value.
Registration as Investment Company is P10,000.00 plus 1% Legal Research Fee (one-time payment)
Amended Registration Statement (any amendment except price increase is P12,000.00 plus 1% Legal Research Fee
Petition for Voluntary Revocation
Who may avail of the service : Mutual Fund Companies, Issuers of Registered Unlisted Securities, Issuers of Proprietary and Non-Proprietary
Shares, Membership Certificates, and Timeshare
What are the requirements : Petition for Revocation and required exhibits under SRC Rule 13

stances)
Slip.
2 Accomplishes Request Slip Receives Request Slip and forwards 5 minutes Officer-of-the-
and submits it to Officer-of it to Legal Counsel Day
the-Day
3 Issues Payment Assessment Form 10 minutes Legal Counsel P10,000 + LRF of 1% of
(PAF) Filing Fee*
ment
5 Forwards validated PAF Receives the validated PAF and 10 minutes Officer of the
and documents to Officer- documents. Forwards to Support Day
of-the-Day Staff
documents;

to Step 7.1

Counsel. Go Step 8.

stances)
6 6.4 Transmits letter to the 30 minutes -do-

Go to Step 9.4
15 minutes
6.6 Forwards records to ICTD for mi-
crofilming.
7 7.1 Assigns application to Legal 10 minutes Assistant Direc-
Counsel. Forwards documents tor
to Support Staff. Go to Steps 6.3

ing:

tion/ Permit to Sell/Notice. Go to
Step 9.1 and 6.3

Notice. Go to Step 9.3
8 8.1 Reviews documents, prepares 1 day Legal Counsel
and initials DRAFT/FINAL Notice
of Publication. Go to Steps 7.2,
9.1/9.2 and 6.3

FINAL MEMO. Repeat Step 7.2

stances)
9 9.1 For DRAFT COMMENT/ NOTICE/ 3 hours Director
MEMORANDUM/ORDER
ment
9.1.b. Returns document to Spe-
cialist. Go to Step 6.6 or 6.9

MEMORANDUM/ORDER
ment. Go to Step 6.3
9.3 If FINAL MEMO, review and sign 1 day

document. Go to Step 6.5.
9.4 Presents to the Commission En

Banc
9.5 Informs Legal Counsel of En 10 minutes

Banc Decision. Go to Step 12.
9.6 For ORDER OF REVOCATION
9.6.a Reviews and signs document.

Go to Step 6.3
10 Receives Notice of Publi-
cation and publishes in
newspaper of general cir-
culation
11 Submits Affidavit of Notice Receives affidavit and wait for 15 business days Legal Counsel
of Publication complaints, if any. Go to Step
8.2

stances)
12 Upon receipt of the Commissions 30 minutes Legal Counsel
If DENIED/DEFERRED
12.1 Prepare DRAFT/FINAL ADVISE-

8.2, 9.1, 9.2 and 6.4
12.2 If RENDERED EFFECTIVE. Go to

Step 13

der of Revocation
13.2 Initial Copy

Step 9.6

the CGFD. Go to Step 14 and 6.6
14 Receives ORDER of Revo-
cation
END OF TRANSACTION
Request for Exemption/Confidential Treatment
Who may avail of the service : Public Companies, Issuers of Registered Unlisted Securities, Mutual Fund Companies, and , Issuers of
Proprietary and Non-Proprietary Shares, Membership Certificates, and Timeshare
What are the requirements : Request for Exemption/ Confidential Treatment and required exhibits
stances)
1 Registers with the Guard. Gives the Client a Number and Re- 5 minutes Guard on Duty Request Slip
Slip.
2 Accomplishes Request Slip Receives Request Slip and forwards 5 minutes Officer-of-the-
and submits it to Officer-of it to Legal Counsel Day
the-Day
3 a) Verify number of companies 30 minutes Legal Counsel P50,000.00 per issue PAF
and issues of the request and per company*
b) Issues Payment Assessment
Form (PAF)
4 Receives the PAF and pro- Receives payment and issues OR Varies Cashier Amount Imposed
ment
5 Forwards validated PAF Receives the validated PAF and 10 minutes Officer of the
and documents to Officer- documents. Forwards to Support Day
of-the-Day Staff
documents;

to Step 7.1

Counsel. Go Step 8.

stances)
6 6.4 Transmits letter to the 30 minutes -do-

Go to Step 9.4

crofilming.
7 7.1 Assigns application to Legal 10 minutes Assistant Direc-
Counsel. Forwards documents tor
to Support Staff. Go to Steps 6.3

ing:

advisement. Go to Step 9.1 and
6.3

ment letter. Go to Step 9.3
8 8.1 Review documents 30 minutes Legal Counsel
8.1.a If the request is novel, Pre- 1 hour

pare and initial DRAFT/FINAL let-
ter directing to provide addition-
al information from the compa-
ny. Go to Steps 7.2, 9.1/9.2, 6.4
and 6.6

stances)
8 8.1.b. If the request is not novel pre- 1 day -do-
pares Memorandum to the
Commission en Banc. Go to
Steps 7.2, 9, and 10

FINAL letter of advisement. Repeat
Step 7.2, 9.1/9.2, 6.4 and 6.6
9 9.1 For DRAFT COMMENT/ NOTICE/ 3 hours Director
MEMORANDUM
ment
9.1.b. Returns document to Spe-
cialist. Go to Step 6.3

MEMORANDUM
ment. Go to Step 6.3
9.3 If FINAL MEMO, review and sign 1 day

document. Go to Step 6.5.
9.4 Presents to the Commission En

Banc
9.5 Informs Legal Counsel of En 10 minutes

Banc Decision. Go to Step 12.

stances)
10 Upon receipt of the Commissions Legal Counsel
If DENIED/DEFERRED
10.1 Prepare DRAFT/FINAL ADVISE- 30 minutes

8.2, 9.1, 9.2, 6.4 and 6.6
10.2 If RENDERED EFFECTIVE. Go to

Step 8.3, 7.2, 9.6, 6.4 and 6.6
11 Receives Letter of Advise-
ment
END OF TRANSACTION
Handling of Complaints Filed Against Covered Institutions
Who may avail of the service : Any Person Complaining against Public Companies, Mutual Fund Companies, Financing Companies,
Lending Companies, Micro-Finance Companies, Resorts, Clubs, Timeshare Issuers and Foundation
What are the requirements : Complaint Letter/Form and Supporting documents and any additional documents that the Commission
may require

stances)
1 Registers with the Guard Gives the Client a Request Slip 5 minutes Guard on Duty Request Slip
and get Request Slip
2 Accomplishes Request Slip Records request and forwards to 5 minutes* Clerk Request Slip
and submits to Support assigned Staff
Staff
3 With Complaint letter With Complaint Letter 5 minutes Accountant II Complaint Letter
Examiner II with relevant/ sup-
a) Submits together with a) Receives and photocopies sup- Examiner I porting documents
supporting documents porting documents and Specialist II
and b) Gives complainants copy and Specialist I
b) Get s receiving copy of advise complainant to wait for Records Special-
Complaint Letter/Form companys reply ist
Clerk
Without complaint letter Without complaint letter 10 minutes Monitoring Ana- Complaint Form
lyst with relevant/
a) Gets Complaint Form a) Gives Complaint Form supporting docu-
b) Accomplishes Com- b) Waits for accomplished comments
plaint Form plaint form. Assist complainant,
c) Submits together with if needed
supporting documents, c) Receives complaint form and
and photocopy supporting docu-
d) Gets received copy of ments, and
Complaint Letter/Form d) Gives complainants copy and
advises complainant to wait for
companys reply

stances)
4 Waits for Answer/ Com- Evaluates complaint if within the Accountant II Complaint Letter/
ment from the company or jurisdiction of the department Examiner II Form
the Commission Examiner I
Within the CGFDs jurisdiction 15 minutes* Specialist II
a) Prepares and issues advisement Specialist I Advisement Letter
letter to the company to answer Records Spe-
complaint cialist
b) Monitors answer of the compa- Clerk
ny Monitoring Ana-
With answer, waits for reply/ lyst
comment of complainant to
the answer of the company Examiner II
then proceed to step c Specialist II
Without answer, resolve the com-
plaint or proceeds to step 5
c) Monitors reply of complainant Director
With reply, resolves the complaint Assistant Direc-
or proceeds to step 5 tor
Without reply, resolves the com- Division Head
plaint or proceed to step 5.
Outside CGFDs jurisdiction Within 5 days* `

a) Indorses to the proper depart-
ment of the Commission or oth-
er government office/agency
that has jurisdiction over the
complaint and/or advises com-
plainant of lack of jurisdiction of
SEC. END OF TRANSACTION

stances)
5 Attends Scheduled Hear- a) Prepares and Issues Notice of 15 minutes* Accountant II
ing Hearing Examiner II, Spe-
b) Conducts Hearing/Mediation 30 minutes* cialist II
c) Prepares Minutes, resolution of 10 minutes* Specialist I
complaint to be included in the Records Spe-
minutes or proceed to step d cialist
d) Issue a written resolution of the 30 days* Clerk, Monitor-
case. END OF TRANSACTION ing Analyst
Chief Counsel
Counsel III, Ex-
aminer II
Specialist II, Di-
rector, Asst. Di-
rector, Division
Head
END OF TRANSACTION
*Depending on circumstances beyond the control of the Division, such as the volume of walk-in clients handled and nature of complaint
Monitoring of Financing/Lending Companies/Foundations/Microfinance NGOs
Who may avail of the service : Financing Companies/Lending Companies/Foundations/Microfinance NGOs
Purposes of Request for Monitoring :
1) Good standing
2) Amendment of AI/BL
3) Application of Certificate of Authority (CA)
4) Request for Exemption-Commercial Paper (CP)
5) Complaints
1) Monitoring Slip (from the CGFD or endorsed from other departments),
2) Certificate of Incorporation,
3) Latest approved Articles of Incorporation (AI),
4) Latest approved By-Laws (BL),
5) Latest due General Information Sheet,
6) Latest Audited Financial Statements,
7) Copy of the Stock and Transfer Book Registration, and
8) Other documents/reports (per examiner/specialists instruction).
1) Walk-in monitoring
2) Motu propio monitoring
3) With request for monitoring/referral from other departments
1) Walk-in Monitoring
stances)
1 Registers with the Guard Gives the Client a Request Slip 30 seconds Guard on Duty Request Slip
and gets Request Slip (CGFD)
2 Accomplishes Request Slip Records Request and Forwards to 45 seconds* Clerk Request Slip
to Support Staff assigned Staff

stances)
3 Waits for the Result of the Evaluates Request 5 minutes* Accountant, Request Slip
Request: Examiner
I. Checks compliance of the corpo- Specialist,
I. For Clearance ration Clerk
a. If compliant, waits for a. If compliant without fines

issuance of the Routing 1) Updates Monitoring Sheets 15 minutes* Specialist
Slip (RS) (MS) Accountant,
2) Counter Checks MS 5 minutes Examiner Monitoring Sheet
3) Signs MS 10 minutes Examiner/
4) Prepares RS 5 minutes Specialist Routing Slip
5) Signs RS, and 5 minutes Specialist , Clerk
6) Issues RS to client, 2 minutes Monitoring Ana-
END OF TRANSACTION lyst, Assistant
Director
If compliant with fines go to Step 4. 2 minutes Director
b. If not compliant, requests for

monitoring Accountant
1) Provide client with MS with of
Notice of Deficiency and 15
days within which to comply, Waiting period
whichever is earlier.
Upon compliance, go to Step 3.I

4 Generates and Issues Payment As- 2 minutes Accountant Assessment/ Pay-
sessment Form (PAF) of fees and Examiner ment Assessment
assessed penalties and advises the Specialist Form
client to pay at the Cashier Reprimand Letter
5 Pays at the Cashier Receives payment and issues OR Varies OR OR
6 Presents PAF and OR Upon payment, go to Step 3.1.a

* (1) Volume of walk-in client without complaint but with application for clearance for amendment of Articles of Incorporation/ By-Laws, and Certificate of Good Standing; (2) Volume of Walk-in Client with complaint; (3) Vol-
ume of inquiries of client; (4) Number of the reports being monitored for review and evaluation and date of registration of the company; (5) Volume of documents to be printed;(6)Printer buffering system; (7) Retrieval and view-
ing of reports thru SEC i-View; and/or retrieval of documents from the Records Division; (8) System interruption; and (9) Frequency of monitoring.
END OF TRANSACTION
2) Motu Propio Monitoring

stances)
1 Monitors deadline on the submis- Minimum of 30 minutes Accountant/ Monitoring Sheet

sion of reportorial and other compli- with maximum time Examiner
ance requirements thru SEC i-View/i depending on the fol- Specialist
-Report. lowing constraints/ var-
iables.*
2 Determines companys compli- Accountant/
ance with the SEC reportorial and Examiner
other compliance requirements Specialist
thru SEC i-View/i-Report and rec-
ords of the Department.
If Compliant: Go to Step 3.
If not Compliant: Go to Step 4 to 20.
3 Evaluates/reviews compliance of Accountant/
the reports with the disclosure re- Examiner
quirements under the Rules, Regula- Specialist
tions and Circulars of the Commis-
sion.
If Compliant: Update Records and
File. END
4 Prepares and transmits show cause Accountant/ Show Cause Letter
letter (SCL). Examiner
Specialist/ Sup-
Note: SCL includes directive to the port Staff/ Chief
company to submit specific reports Counsel/ Assis-
that it failed to file and/or clarify/ tant Director/
amend reports submitted earlier Director

stances)
5 Monitors reply of the company on Accountant/ Letter Reply

SCL. Examiner
If With Reply: Go to Step 6. Specialist
If Without Reply: Go to Step 8 to
20.
Notes:
Compliance with the SCL is within
15-days from the date of receipt by
the company of said letter subject
to extension upon submission of
meritorious request.
6 Evaluates/validates reasons or justi- Accountant/
fications of the company on: (a) Examiner
non-filing or late filing of reports, or Specialist
non-compliance with the disclosure
requirements, or (b) non-
compliance with the other require-
ments.
If Meritorious: Go to Step 7.
If not Meritorious: Go to Step 10 to
20.
7 Prepares and transmits Advise- Accountant/ Advisement/ Ac-
ment/Acknowledgment Letter Examiner knowledgment Let-
(AdL) to inform the company that Specialist/ Sup- ter
its justifications are meritorious. Up- port Staff/ Chief
dates Records and File. END Counsel/ Assis-
tant Director/
Director

stances)
8 Prepares and transmits notice of Accountant/ Notice of Deficien-

deficiency (NOD) to all directors. Examiner cy
Note: Compliance with the NOD is Specialist/ Sup-
within 15-days from the date of report Staff/ Chief
ceipt by the company of said letter Counsel/ Assis-
subject to extension upon submis- tant Director/
sion of meritorious request. Director
9 Monitors reply of the company on Accountant/
NOD. Examiner
If With Reply: Go to Step 6 to 7. Specialist Reply
20.
10 Prepares and transmits Reprimand/ Accountant/ Ex- Reprimand Assess-

Assessment Letter (RAL). aminer ment Letter
Specialist/ Support
Staff/ Chief Coun-
sel/ Assistant Di-
rector/ Director
11 Monitors payment of assessed pen- Accountant/ Order of Payment
alty. Examiner
If with Payment: Go to Step 12 Specialist
If without payment: Go to Step
14 to 20.
Notes:
If with request for reduction, deter-
mines if the company meets the
uniform criteria for reduction of
penalties under the consolidated
scale of fines. Prepares memo to
the Commission En Banc (CEB) rec-
ommending approval or denial of
request for reduction of penalties.
Informs the company of the resolu-
tion of its request by the CEB thru
AdL.

stances)
12 Prepares and issues Payment As- Accountant/ Payment of Assess-

sessment Form (PAF), and instructs Examiner ment Form
the companys representative to Specialist
pay at the Cashier.
13 Secures validated/paid PAF from Accountant/ Order on Payment
companys representative and pre- Examiner of Penalty (OPP)
pares and transmits Order on Pay- Specialist/ Sup-
ment of Penalty (OPP). Updates port Staff/ Chief
Records and File. END Counsel/ Assis-
tant Director/
Director
14 Prepares and transmits Notice of Accountant/ Notice of Deficien-
Deficiency (ND) to responsible offic- Examiner cy
ers. Specialist/ Sup-
port Staff/ Chief
If with Reply: Go to Step 12. Counsel/ Assis-
If without Reply: Go to Step 10. tant Director/
Director
15 Prepares and transmits Notice of Legal Officer/
Hearing (NH), if warranted. Support Staff/
Assistant Direc-
tor/ Director
16 Conducts hearing. Legal Officer
If not Compliant: Go to Step 16.
Notes:
The hearing usually results in the
company undertaking to com-
ply with the requirements and/
or to pay the penalty.
If compliant with undertaking, do
Steps 12 to 13. If not compliant with
undertaking, do Steps 16 to 20.

stances)
17 Conducts ocular inspection to de- Accountant/

termine if the company is operating Examiner
Specialist
18 Prepares audit report on the status -do-
of companys operation.
19 Prepares memo to CEB recom- Legal Officer/
mending suspension or revocation Support Staff/
of the companys secondary li- Assistant Direc-
cense. tor/ Director
20 Prepares and transmits Order of Sus- Legal Officer/ Order of Suspension
pension/ Revocation (OSR) of sec- Support Staff/
ondary license. Assistant Direc-
tor/ Director
21 Prepares and endorses memo to Accountant/
Enforcement and Investor Protec- Examiner
tion Department (EIPD) for further Specialist/ Sup-
investigation. port Staff / Assis-
tant Director/
Director
22 Updates Records and File. END Accountant/

Examiner
Specialist
* (1) Volume of walk-in client without complaint but with application for clearance for amendment nt of Articles of Incorporation/ By-Laws, and Certificate of Good Standing; (2) Volume of Walk-in Client with complaint; (3)
Volume of inquiries of client; (4) Number of the reports being monitored for review and evaluation and date of registration of the company; (5) Volume of documents to be printed;(6)Printer buffering system; (7) Retrieval and
viewing of reports thru SEC i-View; and/or retrieval of documents from the Records Division; (8) System interruption; and (9) Frequency of monitoring.
END OF TRANSACTION
2) With Request for Monitoring/Referral from other Departments/Divisions

stances)
1 Receives memorandum with re- Minimum of 30 minutes Security Guard/ Request Slip
quest for monitoring/referral from with maximum time Accountant/
other departments/division. depending on the fol- Examiner
lowing constraints/ var- Specialist
iables.*
2 Determines companys compli- Accountant/
ance with the SEC reportorial and Examiner
other compliance requirements Specialist
thru SEC i-View/i-Report and rec-
ords of the Department.
If not Compliant: Go to Step 5 to 24
3 Evaluates/reviews compliance of Accountant/

the reports with the disclosures re- Examiner
quirements under the Rules, Regula- Specialist
tions and Circulars of the Commis-
sion.
If Compliant: Go to Step 4
4 Prepares reply memorandum. Up- Accountant/ Ex- Reply Memoran-

dates Records and File. END aminer dum
Specialist/ Support
Staff/ Chief Coun-
sel/ Assistant Di-
rector/ Director
5 Prepares and transmits show cause Accountant/ Show Cause Letter
letter (SCL). Examiner
Specialist/ Sup-
Note: SCL includes directive to the port Staff/ Chief
company to submit specific reports Counsel/ Assis-
that it failed to file and/or clarify/ tant Director/
amend reports submitted earlier Director

stances)
6 Monitosr reply of the company on Accountant/ Letter Reply

SCL. Examiner
If With Reply: Go to Step 7. Specialist
If Without Reply: Go to Step 10
to 20.
Notes:
Compliance with the SCL is within
15-days from the date of receipt by
the company of said letter subject
to extension upon submission of
meritorious request.
7 Evaluates/validates reasons or justi- Accountant/
fications of the company on: (a) Examiner
non-filing or late filing of reports, or Specialist
non-compliance with the disclosure
requirements, or (b) non-
compliance with the other require-
ments.
If Meritorious: Go to Step 8.
If not Meritorious: Go to Step 12 to
24
8 Prepares and transmits Advise- Accountant/ Advisement/ Ac-
ment/Acknowledgment Letter Examiner knowledgment
(AdL) to inform the company that Specialist/ Sup- Letter
its justifications are meritorious. port Staff/ Assis-
tant Director
9 Prepares reply memorandum. Up- Accountant/ Reply Memoran-
dates Records and File. END. Examiner dum
Specialist/ Sup-
port Staff/ Chief
Counsel/ Assis-
tant Director/
Director

stances)
10 Prepares and transmits Notice of Accountant/ Notice of Deficien-

Deficiency (NOD) to all directors. Examiner cy
Note: Compliance with the NOD is Specialist/ Sup-
within 15-days from the date of report Staff/ Chief
ceipt by the company of said letter Counsel/ Assis-
subject to extension upon submis- tant Director/
sion of meritorious request. Director
11 Monitors reply of the company on Accountant/ Reply on NOD
NOD. Examiner
If With Reply: Go to Step 7 to 9. Specialist
24.
12 Prepares and transmits Reprimand/ Accountant/ Reprimand/ Assess-
Assessment Letter (RAL). Examiner ment Letter
Specialist/ Sup-
port Staff/ Chief
Counsel/ Assis-
tant Director/
Director
13 Monitors payment of assessed pen- Accountant/
alty. Examiner
If with Payment: Go to Step 14 Specialist
If without payment: Go to Step
18 to 20.
Notes:
If with request for reduction, deter-
mine if the company meets the uni-
form criteria for reduction of penal-
ties under the consolidated scale of
fines. Prepare memo to the Com-
mission En Banc (CEB) recommend-
ing approval or denial of request
for reduction of penalties. Inform
the company of the resolution of its
request by the CEB thru AdL.

stances)
14 Prepares and issues Payment As- Accountant/ Payment Assess-

sessment Form (PAF), and instructs Examiner ment Form
the companys representative to Specialist
pay at the Cashier
15 Secures validated/paid PAF from Accountant/ Order of Payment
companys representative and pre- Examiner of Penalty (OPP)
pares and transmits Order of Pay- Specialist/ Sup-
ment of Penalty (OPP). port Staff/ Chief
Counsel/ Assis-
tant Director/
Director
16 Prepares reply memorandum. Up- Accountant/ Reply Memoran-
dates Records and File. END Examiner dum
Specialist/ Sup-
port Staff/ Chief
Counsel/ Assis-
tant Director/
Director
17 Prepares and transmits Notice of Legal Officer/ Notice of Hearing
Hearing (NH), if warranted. Support Staff/
Assistant Direc-
tor/ Director
18 Conducts hearing. Legal Officer
If not Compliant: Go to Step 19.
Notes:
The hearing usually results in the
company undertaking to comply
with the requirements and/or to
pay the penalty.
If compliant with undertaking, do
Steps 14 to 16. If not compliant with
undertaking, do Steps 19 to 24.

stances)
19 Conducts ocular inspection to de- Accountant/

termine if the company is operating Examiner
Specialist
20 Prepares audit report on the status Accountant/
of companys operation. Examiner
Specialist
21 Prepares memo to CEB recom- Legal Officer/
mending suspension or revocation Support Staff/
of the companys secondary li- Assistant Direc-
cense. tor/ Director
22 Prepares and transmits Order of Sus- Legal Officer/ Order of Suspen-
pension/ Revocation (OSR) of sec- Support Staff/ sion/Revocation
ondary license. Assistant Direc- (OSR)
tor/ Director
23 Prepares and endorses memo to Legal Officer/
Enforcement and Investor Protec- Accountant/
tion Department (EIPD) for further Examiner
investigation secondary license. Specialist/ Sup-
port Staff/ Assis-
tant Director/
Director
24 Updates Records and file. END Accountant/
Examiner
Specialist
* (1) Volume of walk-in client without complaint but with application for clearance for amendment nt of Articles of Incorporation/ By-Laws, and Certificate of Good Standing; (2) Volume of Walk-in Client with complaint; (3)
Volume of inquiries of client; (4) Number of the reports being monitored for review and evaluation and date of registration of the company; (5) Volume of documents to be printed;(6)Printer buffering system; (7) Retrieval and
viewing of reports thru SEC i-View; and/or retrieval of documents from the Records Division; (8) System interruption; and (9) Frequency of monitoring.
END OF TRANSACTION
Monitoring of Publicly Listed Companies, Mutual Funds, Exchange Traded Funds, Public Companies
and Issuers of Membership Certificates and Timeshares Compliance with Corporate Governance
Regulations
Who may avail of the service : Publicly Listed Companies, Mutual Funds, Exchange Traded Funds, Public Companies and Issuers of
Membership Certificates and Timeshares
REQUEST FOR CLEARANCE

stances)
1 Registers with the Guard Instructs Client where to proceed 5 Minutes Guard on Duty
2 Submits documents to Spe- Receives the documents 5 Minutes Specialist-in-

cialist-in-Charge Charge
3 Reviews the documents submitted 30 Minutes -do-
4a Issues clearance 5 Minutes -do-
4b Issues Payment Assessment Form 10 Minutes -do-
(PAF), in cases where the client has
been previously monitored and has
been assessed penalty/ies.
5a Receives the clearance
END OF TRANSACTION
5b Receives the PAF and pro- Receives payment and issues OR Varies Cashier Amount Imposed PAF /OR
ment
6 Forwards validated PAF Receives the validated PAF and 10 Minutes Specialist-in-
and official receipt Spe- issues clearance Charge
cialist-in-charge
END OF TRANSACTION
PAYMENT OF FEES/PENALTIES

stances)
2 Submits documents to Spe- Receives the documents 5 Minutes Specialist-in-
cialist-in-Charge Charge
3 Reviews the documents submitted 30 Minutes -do-
4 Issues Payment Assessment Form 10 Minutes -do- PAF

(PAF)
ment
6 Forwards validated PAF Receives the validated PAF and 10 Minutes Specialist-in-
and official receipt to Spe- instructs the Client that the Order Charge
cialist-in-charge on Payment will be sent to the prin-
cipal officer address via mail
7 Receives Order on Pay- Prepares Order on Payment of Pen- 30 minutes -do-
ment of Penalty alty
8 Sends signed Order on Payment of Varies Support Staff
Penalty via registered mail
END OF TRANSACTION
Duration : Request referring to Clearances- 1 Hour and 5 minutes (depending on causes beyond the control of the division, such as completeness
of the documents presented by the client, accessibility and performance of the SEC i-Report, e-payment and volume of clients at the
Cashier)
Request referring to payment of fees/penalty- 1 Hour (depending on causes beyond the control of the division, such as completeness
of the documents presented by the client, accessibility and performance of the SEC i-Report, e-payment and volume of clients at the
Cashier)
Application for Accreditation as Corporate Governance Institutional Training Provider
Who may avail of the service : All Private and Public Institutional Training Provider (ITP)

stances)
2 Submits documents to Spe- Issues payment assessment Form 10 Minutes Support Staff P5,050.00 PAF
cialist-in-Charge
3 Pays corresponding fee at Receives payment and issues OR Varies Cashier PAF/OR
the Cashier
4 Receives the documents 5 Minutes Support Staff
5 Assigns the application 15 Minutes Assistant Direc-
tor
6 Reviews the documents re: com- 3 days Specialist-in-
pleteness Charge
7a Drafts Memorandum and submits it 14 days -do-
to the En Banc for approval
7b Sends Comment Letter and Check- 2 days -do-
list of Requirements for compliance
8a Issues Certificate of Accreditation 1 day -do-
after en banc approves applica-
tion
9a Receives Certificate of Ac- Varies
creditation as ITP
END OF TRANSACTION
8b Submits requirements to Receives requirements Varies Support Staff

stances)
9b Reviews submitted requirements 2 days Specialist-in-

Charge
10 Drafts Memorandum and submits it 14 days Specialist-in-
to the En Banc for approval Charge
11 Issues Certificate of Accreditation 1 day -do-
after En Banc approves application
12 Receives Certificate of Ac- Varies
creditation as ITP
END OF TRANSACTION
Duration : Twenty-Two (22) business days upon receipt of complete documentary requirements

1) Registers domestic corporations and partnerships;
2) Processes applications for amendment of articles of incorporation/articles of partnership, by-laws, mergers, and other corporate reorgani-
zations that require the prior approval of the Commission;
3) Licenses foreign corporations doing business in the Philippines and multinational companies;
4) Licenses lending, financial companies, and capital market participants;
5) Monitors compliance by registered domestic/licensed foreign corporations with their reportorial responsibilities under the Corporation Code
and other existing laws;
6) Maintains custody over registration documents and documents that it has acted upon or directly filed with it;
7) Verifies and reserves proposed company names and issues certification on corporate filings and information;
8) Revokes certificates of incorporation/license to do business for non-compliance with reportorial requirements and other pertinent laws im-
plemented by the Commission;
9) Attends court hearings and processes as witness and as resource person in inter-agency meetings and provides corporate records to other
government agencies;
10) Hears/decides administrative cases within the Department jurisdiction;
11) Acts on Petition for Change of Corporate Name;
12) Undertakes special studies on corporate problems relating to registration and monitoring of corporations submitted to the Commission by
the public and government agencies and instrumentalities and develops, recommends policies on registration and monitoring of corpora-
tions and licensed foreign corporations;
13) Attends to public queries; and,
PUBLIC ASSISTANCE CENTER (Under the Office of the Director)
1) Walk-in Query
2) Phone Query
3) E-mail Query

GREENLANE UNIT:
1) Registration of STOCK CORPORATION
2) Registration of NON-STOCK CORPORATION
3) Recording of DOMESTIC PARTNERSHIPS
SATELLITE OFFICE:
1) Registration of DOMESTIC STOCK and NON-STOCK CORPORATION and PARTNERSHIP
2) License to Doing Business in the Philippines of FOREIGN CORPORATION
3) Application for AMENDMENT of STOCK AND NON-STOCK CORPORATION, PARTNERSHIP AND FOREIGN CORPORATIONS with PROOF OF
MONITORING
4) Application for INCREASE OF AUTHORIZED CAPITAL STOCK via SUBSCRIPTION CONTRACT OR OTHER MODE OF PAYMENT with PROOF OF
MONITORING
5) MONITORING of Stock and Non-Stock Corporations and Increase of Authorized Capital Stock
CORPORATE AND PARTNERSHIP REGISTRATION DIVISION (CPRD):

1) Registration of STOCK CORPORATION whose paid-up capital is CASH
2) Registration of STOCK CORPORATION whose paid-up capital is in the form OTHER THAN CASH
3) Registration of NON-STOCK CORPORATION
4) Recording of PARTNERSHIPS
5) Approval of VOTING TRUST AGREEMENTS
6) Application for AMENDMENTS of Articles of Incorporation and/or By-Laws
7) Recording of AMENDMENTS of Articles of Partnership
8) Application for INCREASE of Authorized Capital Stock under Memorandum Circular 6, series of 2012
9) Application for INCREASE OF AUTHORIZED CAPITAL STOCK, RECLASSIFICATION/DECLASSIFICATION OF SHARES/CHANGE IN PAR VALUE, MER-
GER AND CONSOLIDATION
10) Petitions for CORRECTION and REVOCATION of Articles of Incorporation/Partnership or By-laws and Amendments thereof
11) Encoding of applications via i-register
12) Licensing of FOREIGN CORPORATIONS AND MULTINATIONAL COMPANIES
FINANCIAL ANALYSIS AND AUDIT DIVISION (FAAD):

1) Registration of STOCK CORPORATION whose paid-up capital is in the form OTHER THAN CASH
2) Application for INCREASE OF AUTHORIZED CAPITAL STOCK
3) Application for RECLASSIFICATION/DECLASSIFICATION OF SHARES/CHANGE IN PAR VALUE, MERGER AND CONSOLIDATION
4) Approval for INCREASE/DECREASE OF AUTHORIZED CAPITAL STOCK, DISSOLUTION, CONFIRMATION OF EXEMPT TRANSACTION, CREATION OF
ADDITIONAL PAID-IN CAPITAL, CONFIRMATION OF VALUATION
5) CERTIFICATIONS
LICENSING UNIT:
1) Licensing of FINANCING COMPANIES
2) Licensing of LENDING COMPANIES
3) Licensing of CAPITAL MARKET INSTITUTIONS
4) Licensing of CAPITAL MARKET PROFESSIONALS
COMPLIANCE MONITORING DIVISION (CMD):

1) REGULAR MONITORING (Walk-in applicants, revoked corporations, those with NOC and Show Cause Order and those with applications to
be filed with the Corporate and Partnership Registration Division)
2) REGULAR MONITORING OF FOREIGN CORPORATION (Branch Office (Stock and Non-Stock), Representative Office, Regional Headquarters,
Regional Operating Headquarters)
3) MONITORING PER PERFORMANCE COMMITMENT: Monitoring corporations with at least 5 consecutive years of non-filing of reports since its
incorporation; Monitoring corporations with incomplete submission of the reports; Monitoring corporations which have been sent NOC but
failed to appear during the scheduled conference
4) PETITION TO LIFT ORDER OF REVOCATION AND PETITION TO LIFT ORDER OF SUSPENSION
5) PROCEDURE ON THE GUIDELINES COVERING THE USE OF THE PROPERTIES THAT REQUIRE OWNERSHIP REGISTRATION AS PAID-UP CAPITAL OF
CORPORATION
6) SENDING OF NOTICES CONFERENCES AND SHOW CAUSE ORDERS TO CORPORATIONS REFERRED BY OFFICE OF THE GENERAL ACCOUNTANT
(OGA) TO BE IMPOSED PENALTIES
7) PAYMENT WITH REQUEST FOR INSTALLMENT OR REDUCTION OF FINES
8) ORDERS OF REVOCATION on grounds of fraud in procurement of registration & ORDERS OF SUSPENSION for non-filing of reportorial require-
ments
9) DOUBLE FILING OF GENERAL INFORMATION SHEETS
CORPORATE FILING AND RECORDS DIVISION (CFRD):

1) Name Verification and Reservation
2) Receiving of Applications for Registration of Domestic and Foreign Corporations
3) Receiving of Applications for Amendments of Domestic/Foreign Corporations and Corporations with Secondary Licenses
4) Releasing of Applications for Domestic/Foreign Corporations and Corporations with Secondary Licenses
5) Certifications
6) License Control and Document Tracking Unit
7) Authentication of Documents
Public Assistance Center (Walk-in Query, Complaint, etc.)

Who may avail of the service : Transacting Public
What are the requirements : None
1 Proceeds to the Public As- Calls client on a first come, Varies depending the kind or SEC Complaints Spe- None
sistance Office first served basis complexity of the concern or cialist
query
2 a) Presents concern/s, a) Renders advice depend- -do- -do-
query or complaint; or ing on the kind of concern
or query; or
b) Gives the appropriate Checklist of require-
checklist of requirements, ments or guidelines
guidelines and sample on SEC applications
forms; or under the jurisdic-
tion of various SEC
Operating Depart-
ments
c) Refers to the appropriate Referral slip to the
division or unit of the CRMD appropriate CRMD
or another SEC Department division/unit or SEC
Department
b) Presents written com- Endorses written complaint Written complaint
plaint to the appropriate CRMD received by CRMD
division/unit or another SEC division/unit or
Department concerned SEC De-
partment, for ap-
propriate action
END OF TRANSACTION
Greenlane Unit: Registration of Stock and Non-Stock, Non-Profit Corporations and Partnerships
Who may avail of the service : Transacting Public
A. Stock Corporation
1) Reservation Payment Confirmation

2) Articles of Incorporation (AI), with cover sheet
3) Treasurers Affidavit
4) By-laws (BL)
5) Joint Affidavit of Undertaking to Change Name, in case the revised undertaking is not incorporated in the Articles of Incorporation
6) Affidavit of Relinquishment (in case Treasurer-in-Trust is a foreigner for a corporation with a 60% Filipino-40% foreign equity)
7) Proof of Residency in the Philippines, in case all or majority of the incorporators are resident aliens
8) Authenticated Articles of Incorporation and By-Laws and supporting documents, in case any of the incorporator/s or authorized signatories signed the
AI-BL or other documents in a foreign country
9) Endorsement/Clearance from other government agencies, if applicable
10) Endorsement/Clearance from other Department/s of the SEC, if applicable
11) Endorsement/Clearance from a) Philippine Economic Zone Authority (PEZA); b) Subic Bay Metropolitan Authority (SBMA) or Clark Development Corpo-
ration (CDC) and c) Cagayan Economic Zone Authority, if applicable
12) Tax Identification Numbers (TIN) for Filipino incorporators, directors, officers and stockholders, including corporate subscribers
13) Tax Identification Numbers (TIN) or Passport Numbers for foreign incorporators, directors, officers and domestic foreign subscribers
14) Proof of Existence of foreign corporate subscribers
15) Filing Fees:
a) Stock corporation with par value 1/5 of 1% of the authorized capital stock or the subscription price of the subscribed capital stock, whichever is
higher but not less than P2,000
b) Stock corporation without par value 1/5 of 1% of the authorized capital stock computed at P100 per share of the subscription price of the sub-
scribed capital stock, whichever is higher but not less than P2,000
B. Non-Stock, Non-Profit Corporation

2) Articles of Incorporation (AI) and By-Laws (BL), with cover sheet
3) Joint Affidavit of Undertaking to Change Name, in case the revised undertaking is not incorporated in the Articles of Incorporation
4) List of names of contributors or donors and the amounts contributed or donated, certified by the Treasurer (not required if this is already stated in the
Articles of Incorporation). There is no fixed amount of contribution required but only such amount as the incorporators and trustees may deem suffi-
cient to enable the corporation to start operation, except in the case of a Foundation which must have a minimum contribution of at least One Million
Pesos (P1,000,000.00)
5) Endorsement/clearance from other government agencies, if applicable
6) For a Foundation: a) Notarized Certificate of Bank Deposit of the contribution which shall not be less than One Million (P1,000,000,00) Pesos; and b)
Statement of Willingness to allow the Commission to conduct an audit
7) For a Religious Corporation: a) Refer to Sections 109-116 of the Corporation Code; b) An affidavit of Affirmation or Verification by the chief priest, rab-
bi, minister or presiding elder (not required if this is already part of the Articles of Incorporation)
8) For a Federation: List of Member-Associations, certified by the Corporate Secretary
9) For a Condominium corporation/association: a) Master Deed with primary entry of the Register of Deeds; b) Certification that there is no other existing
similar condominium association within the condominium project
10) Tax Identification Numbers (TIN) for Filipino incorporators, trustees/directors, officers and members
11) Tax Identification Numbers (TIN) or Passport Numbers for foreign incorporators, trustees/directors, officers and members
12) Filing Fee: P1,000.00
C. Partnership

2) Articles of Partnership
3) Joint Affidavit of Undertaking to Change Name, in case the revised undertaking is not incorporated in the Articles of Partnership
4) Endorsement/Clearance from other government agencies, if applicable
5) Endorsement/Clearance from other Department/s of the SEC, if applicable
6) Tax Identification Numbers (TIN) for Filipino partners
7) Tax Identification Numbers (TIN) or Passport Numbers for foreign partners
8) Filing fee: 1/5 of 1% of the partnerships capital but not less than P2,000
*Legal Research Fees: 1% of the Registration/Filing Fee but not less than Fifty Pesos (P50.00) shall be paid at the time of filing.
1 Presents application and 1) Receives, encodes and 5 minutes per application Officer of the day Articles of Incorpo-
supporting documents assigns application to ration and By-Laws
processor for pre- (stock or non-stock
processing based on a corporation)
first-come, first served
basis in accordance with
the number queuing. Articles of Partner-
Signs the request form/ ship
transaction slip with the
name of the assigned
processor and gives
back to applicant. How-
ever, in case the name
reservation notice is ex-
pired, applicant is ad-
vised to proceed to the
Name Verification Unit
for extension of name. If
the documents are not
arranged in proper se-
quence, applicant is ad-
vised to arrange in the
proper order.
2) Evaluates/pre-processes 5-15 minutes for pro-forma AI- Processor
application and support- BL; 20-30 minutes for complex
ing documents AI-BL.

porting documents
are incomplete, the
processor returns
them to applicant
with list of deficiencies
and requirements not
complied with.
complete, processor
endorses the same to
the Officer in Charge
or Assigned Reviewer
3) Reviews applications
5-10 minutes for pro-forma AI- Officer-in-Charge
BL; 30-40 minutes for complex (OIC) or Securities
AI-BL Specialist
a) Stamps OK for PAF Stock Corp.: I/5 Cover sheet of the

(Payment Assessment of 1% of the AI-BL duly initialed
Form) the cover sheet authorized by the OIC or Secu-
of the application if capital stock or rities Specialist to
the same is compliant the subscrip- show that it has
b) If deficient, returns to tion price of been reviewed and
processor or directly the subscribed cleared for issu-
advises the client, with capital stock, ance of the PAF
checklist of the defi- whichever is
ciencies. higher but not
less than
4) Prepares Payment Assess- Officer of the day P2,000.00
ment Form (PAF).
Non-stock
corp.:
P1,050.00
Partnership:
1/5 of 1% of
the partner-
ships capital
but not less
than P2,000.00
5) Initials the PAF and calls Processor/OIC/ Secu- PAF duly initialed by
the name of the corpora- rities Specialist the processor, Se-
tion to instruct the repre- curities Specialist or
sentative to pay at the OIC
Cashier and proceed to
the receiving section after
payment
2 Presents the PAF and pays Receives payment and is- Varies Cashier PAF/OR
at the Cashier sues OR
3 6. a) Receives the paid ap- 5 minutes per application Support Staff
plications, performs tellering
by inputting the Reservation
Reference Number (RRN) in
the i-register system to gen-
erate SEC Registration Num-
ber and BIR Tax Identifica-
tion Number (TIN) Certificate of Incor-
b) Inputs Corporate Name poration
and SEC Reg. No. in the with SEC Reg. No.
Masterlist and print Certifi- and TIN of Regis-
cate of Incorporation via trant
SEC i-register
7. Certificates of Incorpora- 30 minutes per application CRMD Director Certificates of In-

tion and applications for- corporation duly
warded to the Office of the signed by the
CRMD Director for review CRMD Director
and approval
a) Reviews and signs Certifi-
cates of Incorporation
and URR transmittal letters
b) Returns to the processor
or OIC of the GLU in case
of deficiencies.
8.a) Generates Employers 1 minute per application Support Staff Unified Registration
Registration Numbers (ERNs) Records (URRs)
from the three (3) social bearing the Em-
agencies (i.e., SSS, Pag-IBIG ployers Registra-
and PhilHealth) and print tion Numbers
Unified Registration Records (ERNs) issued by the
(URRs) through the Integrat- SSS, Pag-IBIG and
ed Business Registration Sys- PhilHealth and URR
tem (IBRS) and print-out pro Transmittal
forma transmittal letters
Letters
b) Encodes work assignment
status via SEC iregister
9. Records and forwards 10 seconds per application Executive Assistant or

Certificates of Incorporation Clerk assigned at the
and applications to the Re- Office of the Director
leasing Unit, Corporate Filing
and Records Division (CFRD)
10. Document Identification 30 seconds per application Approved applica-

(Doc ID) of the approved tions sorted by
certificates of incorporation batch to be for-
and applications. warded to the Mi-
crofilm Unit of the
Commission
END OF TRANSACTION
Satellite Office: Name Verification Services

Who may avail of the service : Applicant corporations and partnerships thru their representatives
What are the requirements : Name Verification Form
1 Fills-up Name Verification Inputs proposed company 5 minutes per company name Satellite Office None Name Verification
Form and submits it togeth- name in the system Support Staff / Verifi- Form
er with the money stamp cation Officer
to verification officer
2 If proposed name is allowed -do- P40.00- reser-
by the system, the reserva- vation for 30
tion and confirmation notice days;
is printed and given to the P80.00 reser-
applicant; vation for 60
days;
In case of disallowance of P120.00 reser-
proposed company name, vation for 90
the verification officer veri- days
fies the other preferences of
the applicant. (maximum of
three (3) proposed names
per number)
END OF TRANSACTION
Satellite Office: Processing of Applications for Primary Registration of Stock and Non-Stock
Corporations
Who may avail of the service : Applicant corporations thru their representatives
1) Cover Sheet
3) Articles of Incorporation (AI)
4) By-laws (BL)
5) Treasurers Affidavit (for stock)
6) Joint Undertaking to Change Name

stances)
1 Verifies or reserves pro- If proposed name is allowed 10 minutes Satellite Officer P40.00- reservation for 30 Confirmation Reser-
posed name by the system, the reserva- Name Verifica- days; vation Notice
tion and confirmation notice tion Officer P80.00 reservation for 60
is printed and given to the days;
applicant; 120.00 reservation for 90
days
2 Presents Articles of Incor- Checks the documents pre- 10-20 minutes Satellite Office Filing fee for stock corpora- PAF
poration and By-Laws at sented. If complete, pre- Securities Spe- tion:
the SEC Satellite Office pares PAF then advises the cialist 1/5 of 1% of the authorized
registrant to pay the filing capital stock but not less
fee. If not, advises applicant than P2,000.00 plus 1% legal
to comply with requirements research fee; Registration
fee for By-Laws of stock cor-
poration is P1,000.00
Registration fee for Articles

of Incorporation and By-
Laws of a non-stock corpo-
ration is P1,020.00

stances)
3 Pays filing fee thru cashiers After receipt of application, 5 minutes per activity Satellite Office Generated Certifi-
or managers check at SEC Satellite office staff gener- Staff cate of Incorpora-
Cashier or designated ates the Certificate of Incor- tion and By-laws
banking institutions i.e. poration bearing applicants from the i-register
LandBank, or other pay- SEC Registration No. and system
ment facilities corporate Tax Identification
No.
4 Physical transfer of the Cer- Within 8 working hours

tificate of Incorporation to-
gether all the documentary
requirements to the CRMD
Director
5 CRMD Director reviews and CRMD Director

approves the application
6 Presents Official Receipt to Sorts articles of incorporation 5 minutes Satellite Office Signed
the SEC Satellite Office to and by-laws with certificate Support Staff/ Certificate of Incor-
get the Certificate of Incor- of incorporation for release CPRD Staff poration and By-
poration to applicant Laws
END OF TRANSACTION
Satellite Office: Processing of Applications for Partnership

Who may avail of the service : Applicant partnerships thru their representatives
1) Cover Sheet
3) Articles of Partnership (AP)
4) Joint Undertaking to Change Name

stances)
1 Verifies or reserves pro- If proposed name is allowed 10 minutes Satellite Office P40.00- reservation for 30 Confirmation Reser-
posed name by the system, the reserva- Name Verifica- days; vation Notice
tion and confirmation notice tion Officer P80.00 reservation for 60
is printed and given to the days;
applicant
2 Presents Articles of Partner- Checks the documents pre- 10-15 minutes Satellite Office PAF
ship at the SEC Satellite sented. If complete, pre- Securities Spe-
Office pares PAF, then advises the cialist
registrant to pay the filing
fee. If not, advises applicant
to comply with require-
ments .
3 Pays filing fee thru cashiers Accepts Payment Assess- 5 minutes per activity SEC Cashier/ Filing fee: 1/5 of 1% of the OR
or managers check at SEC ment Form and generates Designated Partnerships capital but not
Cashier or designated official receipt Banks and other less than P1,000.00 plus 1% of
banking institutions i.e. payment facili- the amount as legal re-
LandBank, or other pay- ties search fee
ment facilities

stances)
4 After receipt of the applica- CPRD staff GeneratedCertifi-
tion, Satellite Office staff cate of Recording
generates the Certificate of of the Articles of
Recording of the Articles of Partnership from
Partnership bearing appli- the i-register system
cants SEC Registration No.
and corporate Tax Identifi-
cation No.
5 Physical transfer of the appli- Within 8 working hours
cation and its attachments
to the CRMD Director
6 CRMD Director reviews and CRMD Director
approves the application
7 Presents Official Receipt to Sorts articles of partnership 5 minutes CFRD Staff/ Signed Certificate
SEC Satellite Office to get with Certificate of Recording Satellite Office of Recording of the
the Certificate of Record- of the Articles of Partnership Support Staff Articles of Partner-
ing of the Articles of Part- for release to applicant ship
nership
END OF TRANSACTION
Satellite Office: Processing of Applications for Amendment of Stock and Non-Stock Domestic
Corporations
A. AMENDED ARTICLES OF INCORPORATION
1) Cover Sheet
2) Directors or Trustees Certificate a notarized document signed by a majority of the directors (in case of stock corporations) or trustees (in case of non
-stock corporations) and the corporate secretary, certifying (i) the amendment of the Articles of Incorporation or By-laws and indicating the amended
provisions, (ii) the vote of the directors or trustees and stockholders or members, (iii) the date and place of the stockholders or members meeting; and
(iv) the tax identification number of the signatories which shall be placed below their names.
3) Amended Articles of Incorporation/Amended By-lawsAll amendments/changes made shall be indicated by underscoring the same followed by the
date of the meeting approving the same (i.e. As amended on_____).
4) Notarized Secretarys Certificate on no pending case of intra-corporate dispute
5) Monitoring clearance at the SEC Satellite Office
6) Secure and attach endorsement/clearance from other government agencies or other SEC Departments, if applicable.
7) If the provision to be amended is the corporate name, secure Name Verification Slip from the Name Verification and Reservation Unit, SEC Satellite
Office
8) Amendment of the Articles of Incorporation may be made on the following:
a.) Corporate name
b.) Purpose (Primary/Secondary)
c.) Address
d.) Number of directors/trustees
e.) Authorized capital stock
B. AMENDED BY-LAWS
1) Amended By-laws
2) Directors or Trustees Certificate a notarized document signed by a majority of the directors or trustees and the corporate secretary, certifying to (i)
the amendment of the By-laws, indicating the amended provisions, (ii) the vote of the directors or trustees and stockholders or members, (iii) the date
and place of the stockholders or members meeting, and (iv) the tax identification number of the signatories which shall be placed below their
names
3) Notarized Secretarys Certificate on no pending case of intra-corporate dispute
4) Monitoring Compliance
Note: The following cannot be amended: names, citizenship and residences of the incorporators and/or directors/trustees; names, citizenship and original
subscription of the subscribers; names and contribution of each member; name of the designated Treasurer.

stances)
1 Prepares Directors or Trus- As stated in the
tees Certificate and basic requirements
Amended Articles of Incor- for amendments
poration and/or Amended
By-laws
2 Secures Monitoring Clear- Checks compliance with Within 7 days from Satellite Office Payment of penalties Payment Assess-
ance at the SEC Satellite reportorial requirements; date of presentation Securities Spe- ment Form/ Moni-
Office Checks for any double sub- of complete require- cialist toring Sheet
mission of the General Infor- ments
mation Sheet; and
Determines existence of in-
tra-corporate disputes as
provided under the
Guidelines on Double Sub-
mission of GIS.
Note:
For Financing and Lending
companies, issuers of propri-
etary or non-proprietary
membership (i.e. golf clubs)
listed and public companies
and foundations, monitoring
shall be with the Corporate
Governance and Finance
Department (CGFD).
For capital market partici-

pants such as brokers, deal-
ers and investment houses,
monitoring is with the Mar-
kets Securities and Regula-
tion Department (MSRD).

stances)
3 Submits the (i) Directors/ Checks documents if com- 15-30 minutes depend- Satellite Office As stated in the
Trustees Certificate; (ii) pliant with the provisions of ing on the complexity Securities Spe- basic requirements
Amended Articles of Incor- the Corporation Code of the of amendments cialist for amendments
poration and/or Amended Philippines and other existing
By-laws; and the (iii) Moni- laws. If complete, advises
toring Clearance to SEC registrant to pay filing fee. If
Satellite Office for pre- not, advises applicant to
processing comply with requirements
4 Pays filing fee thru cashiers Accepts Payment Assess- 5 minutes SEC Cashier/ Registration fee for the OR
or managers check at SEC ment Form and generates Designated Amended Articles of Incor-
Cashier or designated official receipt Bank and other poration is P510.00.
payment facili-
banking institutions i.e.
ties Registration fee for the
LandBank, or other pay- Amended Articles of Incor-
ment facilities poration where amendment
consists of extending the
term of corporate existence
is 1/5 of 1% of the authorized
capital stock but not less
than P2,000.00 plus 1% of
such amount as legal re-
search fee.
Registration fee for the

Amended Articles of Incor-
poration where there is con-
version or reclassification of
shares is P2,020.00.
Registration fee for the

Amended By-laws is P510.00.

stances)
5 Physical transfer of the appli- Within 8 working hours CRMD Staff
to the Main Office
6 Files the application to the After receipt of the applica- 5-10 minutes Satellite Office
SEC Satellite Office tion, the same shall be for- Staff/
warded to the Corporate
Filings and Records Division CPRD Staff
(CFRD) for the verification
and production of appli-
cants corporate records on
file with the Commission. For
corporations registered from
1996 onwards whose records
are available in the Commis-
sions database, production
of documents may take 1 to
2 days. However, for corpo-
rations whose records are
not available in the data-
base, production of docu-
ments may take longer as
the same shall be secured
from the SEC offsite ware-
house.
Thereafter, the application

with the attached records
shall be transmitted to CPRD
for the generation of the
Certificate of Filing of
Amended Articles of Incor-
poration and/or By-laws.

stances)
7 The Assistant Director will re- Asst. Director
view the application and
forward it to the CRMD Di- CRMD Director
rector for approval
8 Presents Official Receipt to Sorts articles of incorporation Certificates may be Satellite Office Signed Certificate
SEC Satellite Office to get and/or by-laws with Certifi- claimed within five (5) Staff/ of Filing of the
the Certificate of Approval cate of Filing of Amended days from filing of ap- Amended Articles
Articles of Incorporation CFRD Staff of Incorporation
of Amendment plication from the SEC
and/or Certificate of Filing of and/or By-laws
Amended By-laws for re- Satellite Office Releas-
lease to applicant ing Unit. However, for
corporate records not
available in the data-
base, the release of
the Certificate of Filing
END OF TRANSACTION
Satellite Office: Processing of Applications for Amendment of Partnerships

1) Cover Sheet
2) The Amended Articles of Partnership signed by all partners and duly notarized
If the amendment pertains to the transfer or assignment of interest(s), or the withdrawal, resignation or death of any partner, the document
evidencing said fact shall be submitted in support of the application.

stances)
1 Prepares the Amended As stated in the
Articles of Partnership basic requirements
for amendments
2 Submits the Amended Arti- Checks the documents if 5 minutes Satellite Office
cles of Partnership at the compliant with the Civil Securities Spe-
SEC Satellite Office for pre- Code provisions on partner- cialist
processing. ship and other existing laws.
If complete, advises regis-
trant to pay filing fee. If not,
advises applicant to comply
with requirements.
3 Pays filing fee thru cashiers Prepares Payment Assess- 1 minute Designated Registration fee P1,010.00; Payment Assess-
or managers check at SEC ment Form Banking Institu- ment Form/
Cashier or designated tions and other For increase of capital: 1/5 Official Receipt
banking institutions i.e. payment facili- of 1% of the increase in cap-
LandBank, or other pay- ties ital but not less than
ment facilities P1,000.00 plus LRF
4 Physical transfer of the appli- Within 8 working hours CRMD Staff

the Main Office

stances)
5 Files the application to the After receipt of the applica- 10-15 minutes Satellite Support Printed Certificate
SEC Satellite Office tion by CFRD, the records on Staff of Recording of
file shall be attached and Amended Articles
transmitted to CPRD for the CPRD Staff of Partnership
generation of the Certificate
of Recording of Amended
Articles of Partnership.
The Asst. Director will review Asst. Director

the application and forward
it to the CRMD Director for
approval. CRMD Director
6 Presents Official Receipt to Sorts articles of partnership Certificate may be Satellite Office Signed Certificate
SEC Satellite Office to get with Certificate of Recording claimed within 5 days Staff/ of Recording of
the Certificate of Record- of the Amended Articles of from the filing of appli- Amended Articles
CFRD Staff of Partnership.
ing of Amended Articles of Partnership for release to cation with the SEC
Partnership. applicant Satellite Office Receiv-
END OF TRANSACTION
Satellite Office: Processing of Applications of Foreign Corporations

Who may avail of the service : Registrant foreign corporation thru their representatives
1) Cover Sheet
2) Name Verification Slip
3) Application Form (AF)
a) F-103 Stock Branch Office (SBO)
b) F-104 Stock Representative Office (SRO)
c) F-108 Non-Stock Branch and Representative Office, including Foundations (NBO & NRO)
4) Authenticated copy of the Board Resolution
a) authorizing the establishment of the Branch/Representative Office in the Philippines
b) designating the Resident Agent to whom summons and other legal processes may be served in behalf of the foreign corporation
c) stipulating that in the absence of such Agent or upon cessation of its business in the Philippines, any summons or legal processes may be served to
SEC as if the same is made upon the corporation at its home office
5) Authenticated copy of the Articles of Incorporation/ Partnership / Establishment with an English translation thereof if in a foreign language other than
English
6) Financial Statements (per MC 11 of 2013)
a) For those whose home country requires audited financial statements, the applicant shall submit financial statements:
for the immediately preceding year at the time of filing of the application
audited by an independent Certified Public Accountant of the home country
authenticated before the Philippine Consulate/Embassy
If the date of the AFS exceeds the one-year requirement, the applicant shall submit:
Authenticated Audited Financial Statements that are available as of date of filing of the application; and
Authenticated Unaudited Financial Statements (AUFS) as of date not exceeding one (1) year immediately prior to the filing of the applica-
tion signed by an officer of the foreign corporation.
b) For those whose home country does not require audited financial statements, the applicant shall submit:
Authenticated Unaudited Financial Statements as of a date not exceeding one (1) year immediately prior to the filing of the application; and
Authenticated Certification signed under oath by an officer of a responsible regulatory institution or by the applicants legal counsel that the ap-
plicant is not required to prepare and submit audited financial statements, with citation of the law or regulation on which it is based. (attach the
print out of the law for verification purposes)
7) Compliance with Financial Ratios

Stock Branch Office
Ratio Formula Benchmark Value
Solvency Total Assets/Total Liabilities 1:1
Liquidity Current Assets/Current Liabilities 1: 1
Debt to Equity Total Liabilities/Equity 3:1
Stock Representative Office, Non-Stock Branch Office & Non-Stock Representative Office
Ratio Formula Benchmark Value
Solvency Total Assets/Total Liabilities 1:1
Notes:
(If Solvency Ratio is not within the Benchmark Value: application is rejected)
If Liquidity Ratio and/or Debt to Equity Ratio is/are not within the Benchmark Value/s: Submit PhP1M Surety Bond
8) Notarized proof of inward remittance such as bank certificate of inward remittance or credit advices
9) Affidavit of undertaking to change corporate name (not required if already stated in the AF)
10) Residents Agents acceptance of appointment (not required if RA is the signatory to the AF)
11) Indorsement/Clearance from appropriate government agencies
12) Additional Requirements for Foundations
a) Notarized Certificate of Bank Deposit of the amount of not less than PhP1M
b) Statement of willingness to allow the Commission to conduct an audit
Regional Area Headquarters (RHQ) and Regional Operating Headquarters (ROHQ)

1) Name Verification Slip
2) Application Form
3) Certification from the Philippine Consulate/Embassy or the Philippine Commercial Office or from the equivalent office of the Philippine DTI in the appli-
cant's home country that said foreign firm is an entity engaged in international trade with affiliates, subsidiaries or branch offices in the Asia Pacific Re-
gion and other foreign markets; in case the Certification is issued by the equivalent office of the DTI, the same shall be authenticated by the Philippine
Consulate/Embassy
4) Authenticated Certification from principal officer of the foreign entity to the effect that the said foreign entity has been authorized by its board of di-
rectors or governing body to establish its RHQ/ROHQ
5) Affidavit of undertaking to change corporate name (not required if already stated in the AF)
6) Endorsement of the Board of Investments (BOI)
7) Endorsement/Clearance from appropriate government agencies, if applicable

stances)
1 Applicant presents ALL ac- Assigns the application to 5 minutes Support Staff FIA Form 103
complished documentary processor SBO
requirements for pre-
processing at the Satellite FIA Form 104
Office SRO
FIA Form 108 -

NBO/NRO
RHQ
ROHQ
2 Applicant waits to be Specialist pre-processes/ 30 minutes Specialist All documentary
called by the Specialist evaluates the application Securities requirements
3 Physical transmittal of the Within 8 working hours CRMD Support
document for evaluation of Staff
Assistant Director
4 Review/approval of Assistant 15-30 minutes FAAD/CPRD As- All documentary
Director sistant Director requirements
5 Specialist issues Payment 5 minutes Securities Spe- Filing Fees (FF):
Assessment Form (PAF) cialist SBO:
1% of the actual inward re-
mittance converted into
Philippine currency but not
less than P2,000
SRO:
1/10 of 1% of the actual in-
ward remittance converted
into Philippine currency but
not less than P2,000

stances)
NBO & NRO: Payment Assess-
P2,000 ment Form
RHQ:
P5,000
ROHQ:
1% of the actual inward re-
mittance but not less than
1% of peso equivalent of
US$200,000 at the time of
remittance
Legal Research Fee:

For ALL Applications:
1/10 of 1% of the FF but not

less than P10.00
6 Applicant pays license fees Cashier
at the designated pay-
ment gateways
7 Physical Transmittal of the Within 8 working hours CRMD Support
documents Staff
8 Upon receipt of application 30 minutes to 1 hour Support Staff License

from the CFRD, CPRD Sup- Checklist
port prepares the License
9 CRMD Director reviews/signs 30 minutes CRMD Director License
the License.
10 Applicant claims the Li- CFRD Support License
cense from CFRD Staff
(Official Receipt must be
presented)
END OF TRANSACTION
1) Formulates the SEC Information Systems Strategic Plan (ISSP) and coordinates activities relative to the implementation thereof;
2) Undertakes procurement planning, acquisition, and deployment of the Commissions Information and Communications Technology (ICT)
resources in accordance with the SEC-ISSP;
3) Leads and facilitates application systems development activities, including the administration, maintenance and promotions of the systems
developed and deployed application systems;
4) Performs capacity planning activities and administers the network and communications infrastructure of the Commission including estab-
lishment of linkages between the SEC Head Office and Extension Offices;
5) Ensures the proper maintenance of the computer and network facilities of the Commission;
6) Participates in inter-agency electronic linkages and data-sharing arrangements;
7) Preserves the integrity of SEC electronic data;
8) Updates the database entries relative to amendments to the capital structure/contributed capital of SEC registered companies
9) Receives reports and other written communications (mails and walk-in) and releases SEC documents, except applications processed and
approved by the Company Registration and Monitoring Department;
10) Maintains archives and manages electronic copies of documents submitted by registered companies;
11) Coordinates with other departments/offices in the disposal of records in accordance with Philippine law and SEC policy;
12) Provides information of registered companies to SEC internal and external users;
13) Authenticates corporate/partnership documents based on electronic records;
1) REQUEST FOR LISTINGS

2) REQUEST FOR COPY/COPIES OF DOCUMENT/S
3) RECEIVING OF DOCUMENTS
4) RELEASING OF DOCUMENTS/CORRESPONDENCES FROM OPERATING DEPARTMENTS

Request for Listings

Who may avail of the service : General Public
1)
2)
3) Official Receipt (OR) to be issued by cashier upon payment
stances)
1 Fills-up request form and Evaluates request 30 minutes to fill-up the Support Staff Request for ICTD
submits to ICTD form Information services
2 Presents request form Assesses request, prepares 5 minutes to generate Support Staff Listing of Top 5000 Payment Assess-
and prints Payment Assess- corporations (basic ment Form (PAF)
ment Form (PAF) indicators, i.e. prof-
it, sales, assets, lia-
bilities, equities)
P1,000.00 per year
of data per listing
Company Listings
and Statistics
P1,000.00 per year
of data
Hard copy of doc-
uments with list
containing various
information i.e. ad-
dress, industry clas-
sification, equity
structures, etc.
P5.00 per page
stances)
Soft copy of docu-
ments with list con-
taining various in-
formation i.e. ad-
dress, industry clas-
sification, equity
structures, etc. in
CD-RW media
50.00/pc; in DVD
100.00 /pc
SEC Publication
P150.00/copy in CD
-RW media
50.00/copy; in DVD
3 Proceeds to Cashier to pay Accepts payment and issues 5 minutes Cashier

assessed fee Official Receipt
4 Presents request form and Transmits the request form Due 15 working days System Developer
the payment/receipt and PAF to System Develop- from receipt of request
er and PAF
5 Generates data requested
and assesses total payment
due
6 Returns to the ICTD to get Checks record of requested 5 minutes Support Staff
the document data if ready for releasing
and prepares PAF for addi-
tional payment
7 Proceeds to Cashier if ad- Accepts payment and issues 5 minutes Cashier
ditional payment is re- Official Receipt
quired
8 Presents payment/receipt Releases data requested 15 minutes Support Staff
and gets documents
END OF TRANSACTION
Request for Copy/Copies of Document/s

Option 1 For pick-up

1)
2)
3)
Option 2 For delivery
Option 1 For pick-up
stances)
1 Calls SEC Express Hotline Call center agent receives Third Party Service N/A
no. 737-8888 OR goes call and gets required client Provider/Call center
online at information. agent
www.secexpress.ph
to schedule an appoint- Note: Maximum of 3 docu-
ment and prints Appoint- ments per appointment
ment Form received
through e-mail
2 Proceeds to SEC Public Verifies the clients appoint- 2 minutes Service Provider Staff Printout of Appoint-
Reference Unit (PRU) on ment schedule and ID, then ment Form
the scheduled date and stamps the appointment
time and presents printout form with time of in
of appointment form to the
Appointment Verifier at the
entrance
stances)
3 Presents Appointment Verifies availability of the 5-8 minutes Front desk Staff Paper/Film Request
Form to Information Coun- requested document in Form
ter and fills out Paper Re- iView. If unavailable, refers
quest Form and/or Film Re- the client to Film counter.
quest Form
4 Views and assesses fee 2 minutes Retrieval Officer Plain
AI/AAI 100.00
BL/ABL 100.00
GIS 25.00
ICS 70.00
Resolution 25.00
Sec. Cert 25.00
Board Reso 25.00
RDS 35.00
Deed of Assign 25.00
Borrowing fee 50.00/
doc
Others 10.00/page +
50.00 /corp
Authenticated
AI/AAI 200.00
BL/ABL 200.00
GIS 100.00
ICS 200.00
Resolution 50.00
Sec. Cert 50.00
Board Reso 25.00
RDS 35.00
Deed of Assign 25.00
Others 10.00 per
page + 50.00 per doc
5 Prepares Payment Assess- 2 minutes SEC Support Staff PAF
ment Form (PAF)
6 Proceeds to Cashier to pay Receives payment and is- 5 minutes Cashier OR
corresponding fees sues Official Receipt (O.R.)
stances)
7 Returns to PRU and pre- Paper prints documents 5 minutes Retrieval Officer
sents PAF with OR using pinmailer
Film releases document to 1 minute
client
8 If authenticated Pro- Checks, verifies complete- 3-8 minutes Authentication Of-
ceeds to designated Au- ness, stamps and signs docu- ficer
thentication Officer/s ments and releases docu-
ment to client
9 Surrenders Appointment Stamps the form with time of ` Guard on Duty
Form to Guard out
END OF TRANSACTIONOption 1
Option 2 For delivery
stances)
1 Calls SEC Express Hotline Call center agent receives Third Party Service Fees and charges are
no. 737-8888 OR goes call and gets required client Provider the same with docu-
online at information; Service Provider ments for pick up, but
www.secexpress.ph receives online requests, as- with additional charge
to order for delivery sesses fee, and sends pay- for courier delivery
ment instructions to client
2 Checks email for payment Partner payment center re- -do-
instructions, then proceeds ceives payment; issues O.R./
to the nearest payment payment confirmation
center to pay the assessed
fee
3 Confirms payment with Prints manifest for all paid 3-10 minutes -do-
SEC Express requests and distributes
printing assignments to Re-
trieval Officers/Contract of
Service (COS) personnel
stances)
4 Views, verifies, prints and 3-5 minutes/doc Retrieval Officer/COS
tags assigned requested personnel
documents
5 Prepares PAF 2-5 minutes/request -do-
6 On behalf of the client, the Issues OR 5-15 minutes Cashier
third party service provider
proceeds to the Cashier
and pays the fees, then
presents OR to PRU
7 If authenticated, checks, 2-3 minutes/doc Authentication of-
verifies completeness, ficer
stamps and signs docu-
ments, then releases docu-
ments to the third party ser-
vice provider
8 Tags and transmits docu- 5-30 minutes Third Party Service
ments to courier for delivery Provider
9 Receives delivered docu- Delivers documents Within 24-36 working Third Party Service
ments hours (3-3.5 working Provider Partner
days) Courier
END OF TRANSACTIONOption 2
Receiving of Document/s (Reports/Reportorial Requirements i.e. General Information Sheet and

Audited Financial Statement; documents other than reports i.e. correspondences, etc.)
What are the requirements : If reports/reportorial requirements, bring 4 sets/copies. Otherwise, no other requirements needed.
1. Walk-in submission of reports/reportorial requirements

2. Online submission of reports/reportorial requirements
3. Walk-in delivery of correspondences and other documents
Option 1 Walk-in submission of reports/reportorial requirements

stances)
1 Client proceeds to the Calls on the clients number Receiving Officer None None
Central Receiving and Re-
leasing Unit, Ground Floor,
SEC Bldg. or at any Satellite
Office; gets queue number
and waits to be called
2 Presents 4 sets/copies of Encodes document, prints 3 minutes/doc -do-
the documents barcode page, and at-
tached barcode page to
each copy
3 Claims 1 set for his file Retains 3 sets including origi- 1 minute -do-
copy, including the ac- nal and returns 1 set to client
knowledgment receipt
(barcode page)
END OF TRANSACTION
Option 2 Online submission of reports/reportorial requirements
stances)
1 Goes online at
www.sens.secexpress.ph
and accomplishes SEC Ex-
press Nationwide Submis-
sion (SENS) Form
2 Proceeds to a SENS Air21 Assesses fees either for: 2 minutes/doc Partner Courier staff Fees and charges will
Partner Courier and pre- a) submission only; or vary depending on the
sents 4 sets/copies of the b) submission with a return type of submission, and
documents for submission copy on the area of delivery
address if a return
copy is needed.
3 Pays assessed fees Issues receipt 1 minute/doc -do-
4 Receives and checks track- 5 minutes Third Party Service
ing number against mani- Provider
fest; sorts documents ac-
cordingly, whether submis-
sion only or submission with a
return copy; then transmits
documents to SEC Head Of-
fice
END OF TRANSACTIONOption 2 (if submission only)
5 Waits for return copy Encodes, prints and attach- 2 minutes /doc Receiving Officer/
es barcode page, then re- COS personnel
turns clients copy to SENS
representative/third party
service provider
6 Issues OR and processes 4-7 minutes Third Party Service
documents with return copy Provider
for dispatch, then transmits
to courier for delivery
7 Delivers to client Within 24-36 working hours Partner Courier
(3-3.5 working days)
Option 3 Walk-in delivery of correspondences and other documents
stances)
1 Presents letters/ Receives and encodes doc- 2 minutes/doc Receiving Office/ None None
correspondence/ ument in iSubmit Module COS personnel
documents other than re- and prints 2 barcode pages;
portorial requirements returns receiving copy to
client
2 Checks physical copy 3-5 minutes -do-
against Batch List, then
transmits to Micrographics
Unit for scanning
3 Scans documents 3 minutes/doc Scanner Operator
4 Transmits to concerned de- Afternoon of the same
partment day/Morning of the
following day
END OF TRANSACTION
Releasing of Documents
1. Release through Post Office Mailing
2. Release through Courier Mailing
Release through Post Office Mailing

stances)
1 Receives documents from operating 6 minutes Releasing Officer /
department/office Staff
2 Sorts and weighs mail documents, 4 minutes/doc -do-
places Registry Barcode number stick-
ers on the following: 1 sticker on enve-
lope, 1 sticker on Registry receipt, 2
stickers on dept. transmittal receipts
3 Transmits mail documents to Greenhills Approx. 40 mins -do-
Post Office
END OF TRANSACTION
Release through Post Office Mailing
stances)
1 Receives documents from operating 1 minute Releasing Officer /
department/office Staff
2 Records documents in Courier logbook 5 minutes -do-
3 Transmits document to courier staff 2 minutes -do-
END OF TRANSACTION
1) Coordinates the formulation and monitoring of the agencys strategic and operational plans;
2) Prepares the agencys inputs to government plans and related reports/updates;
3) Prepares materials on the policies, plans, programs, and accomplishments of the SEC for reporting to government oversight agencies ( eg.
DBM, DOF, NEDA, Congress);
4) Publishes the SEC Annual Report;
5) Acts as the focal SEC department in implementing infomercials and conducting education programs for the external public;
6) Acts as the focal SEC department on matters pertaining to performance governance and quality management programs;
7) Coordinates with SEC department the formulation and implementation of the annual research agenda of the Commission;
8) Coordinates statistical compilation activities and represents the Commission in inter-agency activities on statistical concerns;
9) Provides technical support to inter-agency activities and coordination on matters relating to multi-lateral, regional and bilateral internation-
al trade and economic partnership agreements on financial services;
10) Coordinates the conduct of capacity building programs for capital market participants;
11) Administers certification examinations for capital market participants;
12) Coordinates with foreign donors on the implementation of SEC capacity building projects/activities as assigned by the Commission en
banc;
1) REQUEST FOR REGISTRATION AND INVESTMENT STATISTICS

2) REQUEST FOR COPY OF THE SEC PUBLICATION OF THE PHILIPPINES TOP CORPORATIONS
3) REQUEST FOR CERTIFICATION OF RANKING IN THE PHILIPPINES TOP CORPORATIONS
4) REGISTRATION FOR CERTIFICATION SEMINARS
5) REGISTRATION FOR REGULAR AND SPECIAL EXAMINATION
6) RELEASING OF CONGRATULATORY LETTERS
7) REPRINTING OF CONGRATULATORY LETTERS
8) STUDENT ORIENTATION/EDUCATIONAL VISIT

Request for Registration and Investment Statistics

Who may avail of the service : Individual and Institutional researchers
1) Walk-In
2) Phone-in/Facsimile (Fax)
3) E-mail
stances)
1 Files the request: Receives request 2-5 minutes Economic Research
a) In person to the Eco- and Statistics Division
nomic Research and Train- (ERSD) Officer of the
ing Department (ERTD) on day
the 9th Floor, SEC Building
c/o Ms. Ma. Theresa M.
Bersabal
b) Through a phone call at
telephone number 584-
6117 or thru facsimile num-
ber 584-5526.
bal@sec.gov.ph
2 Identifies the purpose of Evaluates and confirms Within 1 hour PAF
the request and the specif- availability of data then
ic elements needed a) Provides photocopy of ERSD officer of the P5.00 per page
data if readily available day
and prepares PAF; other-
wise
b) Refers the request to ICTD officer of the P200.00 initial fee
ICTD for generation of day
statistics, issuance of da-
ta request form, and PAF
3 Pays the assessed fee/ Receives payment and is- 20 minutes Cashier OR / PAF
initial fee at the cashier sues OR
stances)
4 Returns to ICTD and pre- Records OR details and con- Within 15 working days ICTD officer of the P4.00 per minute PAF
sents machine validated firms ICTDs generation of for the generation of day computer processing
PAF and OR statistics for paid requests; statistics on first-come, fee plus P1,000.00
then issues another PAF for first-served bases special programming
the remaining balance if fee
applicable
5 Pays the remaining bal- Receives payment and is- 20 minutes Cashier OR / PAF
ance at the cashier sues OR
6 Returns to ICTD and pre- Releases the requested data Within 5 minutes ICTD officer of the
sents machine validated and records the transaction day
PAF and OR to claim the in the ICTD logbook
requested data, then
acknowledges receipt
END OF TRANSACTION
Request for Copy of the SEC Publication of the Philippines Top Corporation
1) Walk-In
3) E-mail
stances)
1 Files the request: Receives request and assess- 2-5 minutes Economic Research a) Main report; narra-
a) In person to the Eco- es its nature to determine and Statistics Division tive (in pdf form)
nomic Research and Train- which data is exactly need- (ERSD) Officer of the and 13 schedules
ing Department (ERTD) on ed: day (in Excel form)
the 9th Floor, SEC Building a) If the 2014 edition cover- a.1) in PDF format -
c/o Ms. Ma. Theresa M. ing FY 2013 financial op- P3,000.00
Bersabal erations is needed, ex- a.2) in pdf/Excel
b) Through a phone call at plains to the client the format -
telephone number 584- appropriate fees/ P5,000.00
6117 or thru facsimile num- charges, then prepares b) Directory
ber 584-5526. and issues PAF b.1) In PDF format -
c) Via email to mtmbersa- b) If old issues/publications, P5,000.00
bal@sec.gov.ph refers the client to the b.2) In MS Excel for-
SEC Library mat -
P10,000.00
2 Pays the assessed fee at Receives payment and is- 20 minutes Cashier OR / PAF
the cashier sues OR
3 Returns to ERTD and pre- Releases the report in elec- Within 5 minutes ERSD officer of the
sents machine validated tronic copy contained in CD day
PAF and OR to claim the -ROM, then records transac-
report, then acknowledges tion in the ERSD logbook
receipt
END OF TRANSACTION
Request for Certification of Ranking in the Philippines Top Corporation

1) Walk-In
3) E-mail
stances)
1 Files the request: Validates/checks the list of Within 1 hour Economic Research P300.00 certification PAF
a) In person to the Eco- Top Corporations, then noti- and Statistics Division fee
nomic Research and Train- fies the client whether or not (ERSD) Officer of the
ing Department (ERTD) on included in the list. If includ- day
the 9th Floor, SEC Building ed, issues the PAF for the
c/o Ms. Ma. Theresa M. Certification Fee
Bersabal
b) Through a phone call at
telephone number 584-
6117 or thru facsimile num-
ber 584-5526.
bal@sec.gov.ph
2 Pays the assessed fee at Receives payment and is- 20 minutes Cashier OR / PAF
the cashier sues OR
3 Returns to ERTD and pre- Records OR details, prepares Within 10 minutes ERSD officer of the Certification of
sents machine validated and releases the certifica- day Ranking
PAF and OR to claim the tion, then records transac-
certification, then acknowl- tion in the ERSD logbook
edges receipt
END OF TRANSACTION
Registration for Certification Seminar

Who may avail of the service : Prospective Associated Person (AP) and Prospective Certified Securities Representatives (CSR)
What are the requirements : Fully accomplished registration form from the respective participants
1) Download the appropriate form and accomplish the same. Please follow this link to view the form:
http://www.sec.gov.ph/services-2/capital-market-professionals-3/certification-examination-and-results/
2) Submit the accomplished form together with your registration fee at the 9 th Floor, Training Division, SEC Building, EDSA, Mandaluyong City
stances)
1 Submits registration form Accepts registration form 5 minutes Training Staff Registration form
and issues Payment Assess- and PAF
ment Form (PAF)
2 Pays the registration fee at Receives payment and is- 20 minutes Cashier P7,500.00 (AP) PAF and Official
the SEC Cashier sues Official Receipt (OR) P5,500.00 (CSR) Receipt (OR)
*the fees include
P 500 examination fee.
3 Returns to ERTD and pre- Advises the participant 5 minutes Training Staff PAF/OR
sents validated PAF and about the schedule of semi-
OR nar
END OF TRANSACTION
Registration for Regular and Special Examination

Who may avail of the service : Prospective Associated Person (AP) and Prospective Certified Securities Representatives (CSR) ,
Prospective Mutual Funds (MF) and Fixed Income (FI) Salesman
What are the requirements : Fully accomplished registration form from the respective participants
1) Download the appropriate form and accomplish the same. Please follow this link to view the form:
http://www.sec.gov.ph/services-2/capital-market-professionals-3/certification-examination-and-results/
2) Submit the accomplished form together with your registration fee at the 9 th Floor, Training Division, SEC Building, EDSA, Mandaluyong City
stances)
1 Submits registration form Accepts registration form 5 minutes Training Staff Registration form
and issues Payment Assess- and PAF
ment Form (PAF)
2 Pays the registration fee at Receives payment and is- 20 minutes Cashier P2,500.00 (FI first time PAF and Official
the SEC Cashier sues Official Receipt (OR) takers) Receipt (OR)
P500.00 (CSR and MF
first time takers)
P500.00 (per AP mod-
ule)
P500.00 (retake)
3 Returns to ERTD and pre- Informs the examinee of the 5 minutes Training Staff PAF/OR
sents validated PAF and schedule of examination
OR
END OF TRANSACTION
Releasing of Congratulatory Letters

Who may avail of the service : Those who passed the Examination for Associated Person (AP), Certified Securities Representatives (CSR) ,
Mutual Funds (MF), and Fixed Income (FI) Salesman
What are the requirements : Authorization Letter if a representative will claim the congratulatory letter
How to avail of the service : Examinees can claim their congratulatory letter/s by way of personal appearance or through their authorized
representative.
stances)
1 Proceeds to the ERTD Of- Locates and photocopies 3-5 minutes Training Staff None
fice for personal appear- the document/s
ance. Authorized repre-
sentative submits authori-
zation letter addressed to
ERTD Director.
2 Receives congratulatory Files the receiving copy 3 minutes -do- Congratulatory Let-
letter; signs the receiving signed by the examinee or ter
copy their authorized representa-
tive
END OF TRANSACTION for releasing
Reprinting of Congratulatory Letters

Who may avail of the service : Those who passed the Examination for Associated Person (AP), Certified Securities Representatives (CSR) ,
Mutual Funds (MF), and Fixed Income (FI) Salesman
What are the requirements : Authorization Letter if a representative will claim the congratulatory letter
For data correction: (1) Request letter addressed to ERTD Director; (2) Original Congratulatory letter
For reprinting (in case of loss): (1) Request letter addressed to ERTD Director; (2) Photocopy of 2 valid IDs; (3) Affidavit of loss
How to avail of the service : Examinees can claim their congratulatory letter/s by way of personal appearance or through their authorized
representative, who shall present an endorsement/authorization letter signed by the examinee
stances)
1 For data correction, client Verifies the records and re- 3 minutes Training Staff None Congratulatory Let-
presents the requirements prints the letter. ter
stated above.
For reprinting (in case of Verifies the records, pre- 3 minutes P300.00 PAF
loss), client presents the pares the PAF, then prints
requirements stated the document and marks it
above. as Certified True Copy
2 Pays the required fee at Receives payment and is- 20 minutes Cashier PAF/OR
the SEC Cashier sues OR
3 Returns to ERTD and pre- Files the receiving copy 3 minutes Training Staff Congratulatory Let-
sents validated PAF and signed by the examinee or ter
OR, then signs the receiv- their authorized representa-
ing copy tive
END OF TRANSACTION
Student Orientation/Educational Visit

Who may avail of the service : Universities/Colleges
What are the requirements : Request Letter addressed to the Chair signed by an authority of the university/college
stances)
1 Submits request letter by Transmits the request letter 5 minutes Office of the Chair- None Request Letter
personal appearance or to the ERTD Director and person Staff
through phone call, fax, or Assistant Director of the
email. Training Division
2 Waits for advise from the Receives the request letter 3 minutes Office of the ERTD
Training Division from the Office of the Chair- Director
person, then checks the cal-
endar of activities to verify
when the request may be
accommodated
3 Confirms the request 10 minutes Training Staff
through phone call and via
e-mail, addressed to the
4 Prepares a memo ad- 10 minutes -do-

dressed to the concerned
department for the request
of resource person/s and
preparation of appropriate
office order.
END OF TRANSACTION
1) Implements CSC law, rules and regulations, in matters of recruitment and selection, training and staff development, scholarship grants, per-
formance management, merit promotion, employee welfare, and administrative disciplinary actions;
2) Manages the activities of the Medical and Dental Unit in providing health care to SEC employees;
3) Conducts Human Resource (HR) policy research;
4) Implements internal and external communications system such as publication of newsletter, SEC Circulars, Vacant Positions and other publi-
cations as may be assigned from time to time;
5) Coordinates with the Office of the Commission Secretary on media relation matters;
6) Manages SEC Library;
7) Provides timely and effective administrative and general services support to the departments and offices of the Commission;
8) Provides administrative support and assistance in the procurement process of the SEC in accordance with Republic Act No. 9184 and its
Implementing Rules and Regulations (IRR) and other applicable laws and rules;
9) Reviews and submits SALN of employees to appropriate agencies;
10) Manages the Citizens Charter and monitors compliance with the Anti-Red Tape Act of 2007 (ARTA) (Republic Act No. 9485);
11) Plans and implements Gender and Development (GAD) programs;
12) Plans and implements Senior Citizen related concerns;
13) Administers the Internship Program;
1) REFERENCE QUERIES (Phone-in, Walk-in, E-mail)

2) ACCESS TO LIBRARY RESOURCES (Room Use Reading)
3) PHOTOCOPYING/PRINTING SERVICES
4) CIRCULATION SERVICES
5) ISSUANCE OF BID DOCUMENTS
6) ROUTINE QUERIES RELATED TO PROCUREMENT (Phone-in, Walk-in)
7) ISSUANCE OF NOTICE OF AWARD
8) ISSUANCE OF NOTICE TO PROCEED
9) POSTING OF PERFORMANCE SECURITY
10) RELEASE OF PERFECTED CONTRACTS/PURCHASE ORDERS/WORK ORDERS

Library Services Reference Queries

Schedule of availability of service : Monday to Friday, except holidays and during its periodic inventory, 8:00 AM to 5:00 PM
stances)
1 Client phones-in through Proceeds with reference in- 1 minute Library Specialist / None Client Assistance
584-5994/584-0923 loc 253 terview and fills out Client Library Assistant Form
Assistance Form
Client e-mails in queries
through the
lrid@sec.gov.ph
Client walks-in and asks

library personnel for queries
2 Validates inquiry, availability 3 minutes -do- None
of information, and mode of
delivery, as per necessary.
3 Provides material or infor- 1 minute -do- None
mation, if available. Provides
alternatives and recommen-
dations.
END OF TRANSACTION
Library Services Access to Library Resources (Room Use Reading)

stances)
1 Proceeds to the catalog or Provides assistance in the 2 minutes Library Specialist / None
the computer database use of the catalog or the Library Assistant
for access to library collec- computer database, as
tion. necessary.
Asks assistance from the Proceeds with reference in- 1 minute

library personnel for materi- terview. Validates inquiry
al/s needed or other refer- and availability of infor-
ence inquiries mation.
2 Fills out Client Assistance Locates and provides need- 2 minutes -do- None Client Assistance
Form ed material/s; answers refer- Form
ence queries
3 Proceeds to reading area Provides follow-on assistorial 1 minute -do- None
service to the client, as nec-
essary
END OF TRANSACTION
Library Services Photocopying/Printing Services

stances)
1 Locates material for print- Receives material for print- 2 minutes Library Specialist / Client Assistance
ing/photocopying ing/photocopying from cli- Library Assistant Form
ent

al/s needed. and availability of material.
Locates and provides need-
ed material/s.
2 Fills out Photocopying Slip Validates photocopying/ 5 minutes -do- Payment Assess-
printing request is within ment Form (PAF)
copyright Fair Use Policy.
Issues Payment Assessment
Form (PAF).
Proceeds to prepare re-
quest.
3 Proceeds to Cashier Receives payment and is- 5 minutes Cashier P5.00 per page
sues OR
4 Upon payment, presents Fills out Client Assistance 1 minute Library Specialist / Client Assistance
proof of payment, and Form and turns over the re- Library Assistant Form
submits the validated PAF quested documents
END OF TRANSACTION
Library Services Circulation Services

Who may avail of the service : SEC Employees (regardless of employment status)
What are the requirements : SEC Employee ID, Note of Authorization if borrowing for someone else
stances)
1 Proceeds to the catalog or Provides assistance in the 2 minutes Library Specialist / None
the computer database use of the catalog or the Library Assistant
for access to library collec- computer database, as per
tion. necessary.

al/s needed or other refer- and availability of infor-
ence inquiries mation.
2 Locates and provides need- 2 minutes -do- Client Assistance
ed material/s; answers refer- Form
ence queries. Fills out Client
Assistance Form.
3 Fills out Book Card and re- Provides follow-on assistorial 1 minute -do- Respective materi-
ceives material service to the client, as nec- als book card
essary.
4 Stamps due date on book 2 minutes -do-
card. Record and files the
book card and records
transaction in the Borrowers
Logbook
5 Returns or renews material 1 minute -do-
after two weeks
END OF TRANSACTION
Issuance of Bid Documents

Schedule of availability of service : Monday to Friday, except holidays, 8:00 AM to 5:00 PM
Who may avail of the service : Prospective Bidders/Vendors/Suppliers
1) Payment for the Bidding Documents
2) Letter of Intent (for Consultancy projects)
3) Proof of Invitation/Letter of Intent (for projects to be undertaken thru Negotiated Procurement/Consultancy)
stances)
1 Approaches anyone from Issues Order of Payment 1 minute PD Staff None Order of Payment
the Procurement Division Form
(PD)
2 Fills out Order of Payment Issues Payment Assessment 5 minutes Procurement Spe- Payment Assess-
Form and submits to the Form (PAF) cialist ment Form (PAF)
Procurement Specialist
3 Pays for the Bidding Docu- Receives payment and is- 10 minutes Cashier P500.00-P10,000.00
ments at the Cashiers Of- sues OR
fice
4 Presents Official Receipt Photocopies the OR and 2 minutes Project Facilitator
(OR) to Project Facilitator issues the Bidding Docu-
ments
END OF TRANSACTION
Routine Queries (Phone-in, Walk-in)

stances)
1 Asks the Procurement Divi- Answers queries/refers the 5 minutes** PD Personnel/ None None
sion (thru phone/personal) queries to the facilitator/s of
Project Facilitator
the project*
END OF TRANSACTION
*Observing the restrictions/limitations of information provided by law (RA 9184 and its IRR/GPPB Policies & Resolutions)
**Depends on the channel used by the client
Issuance of Notice of Award

Who may avail of the service : Winning Bidder
What are the requirements : Identification Card/Any proof of authorization to receive the document
How to avail of the service : Visit the Procurement Division at HRAD, 4 th Floor, SEC Bldg., EDSA Greenhills, Mandaluyong City
stances)
1 Approaches anyone from Prepares the Notice of 1 minute PD Staff/ None None
the Procurement Division Award (NOA) for release
Project Facilitator
(PD)
2 Signs in the logbook and Releases NOA 3 minutes -do-
the receiving copy of NOA
END OF TRANSACTION
Issuance of Notice to Proceed

stances)
1 Approaches anyone from Prepares the Notice to Pro- 1 minute PD Staff/ None None
the Procurement Division ceed (NTP) for release
Project Facilitator
(PD)
2 Signs in the logbook and Releases NTP 3 minutes -do-
the receiving copy of NTP
END OF TRANSACTION
Posting of Performance Security

Who may avail of the service : Bidders/Vendors/Suppliers
stances)
For Surety Bond
1 Approaches anyone from For Surety Bond: 2 minutes PD Staff/ None None
the Procurement Division
Receives the bond and files Project Facilitator
(PD)
with other pertinent docu-
ments of the project
END OF TRANSACTION
For Managers Check/Cash
1 Approaches the Procure- Issues Payment Assessment 1 minute Procurement Spe- None Payment Assess-
ment Specialist Form (PAF) cialist ment Form
2 Pays the bond/deposits the Receives payment and is- 10 minutes Cashier Depends on the Ap- OR
check in the Cashier Office sues OR proved Budget of the
Contract (ABC)
3 Presents the Official Re- Photocopies the Official Re- 1 minute PD Staff/ None None
ceipt to PD ceipt for documentation
Project Facilitator
END OF TRANSACTION
Release of Perfected Contracts/Purchase Orders/Work Orders

stances)
1 Approaches anyone from Prepares the perfected con- 1 minute PD Staff/ None None
the Procurement Division tract/purchase order (PO)/
Project Facilitator
(PD) work order (WO)
2 Signs in the logbook and Releases the contract/PO/ 1 minute -do-
the receiving copy WO
END OF TRANSACTION
1) Prepares and submits the Commissions budget documents and financial reports to oversight agencies;
2) Allocates, processes, and releases SEC funds to different programs, projects and activities (PAPs);
3) Processes and releases payments and claims to, and remittances for all SEC employees and creditors;
4) Collects all SEC income from its clientele and deposits the same to the National Treasury on the following working day;
5) Serves as custodian of promissory notes of registered commercial paper issuers and deposit substitutes of multinationals and other foreign
corporations doing business in the Philippines;
6) Pre-audits all disbursements as to accuracy and compliance with rules and regulations on disbursements;
7) Confirms GSIS loan applications;
8) Reconciles subsidiary ledgers against the general ledger;
9) Manages and operates the Provident Fund;
10) Processes requests for refunds of filing fees, and application/utilization and transfer of payments of the same corporation as recommended
by the operating departments;
11) Processes requests for authentication of official receipts;
1) PURCHASE OF PIN MAILER

2) PURCHASE OF SERVICE STAMPS
3) PAYMENT OF FEES FOR REGISTRATION TRANSACTION
4) PAYMENT OF FEES FOR NON-REGISTRATION TRANSACTION

Purchase of PIN Mailer

Who may avail of the service : Walk-in public clients/customers
What are the requirements : Fully accomplished Purchase Order Slip (POS) and payment
stances)
1 Gets priority service num- 5 seconds Guard on duty Purchase Order Slip
ber and fills-up completely (cashier area) (POS)
the Purchase Order Slip
(POS)
2 Waits for the queuing num- No definite time for it
ber to be served depends on the num-
ber of transactions of
the clients being
served
3 Pays to the cashier with Processes payment and is- 8 minutes Cashier P100.00 each
completely filled-up POS sues official receipt (OR) to-
gether with the PIN Mailer
END OF TRANSACTION
Purchase of Service Stamp

Who may avail of the service : Walk-in public clients/customers
What are the requirements : Payment
stances)
1 Pays directly to the cashier Processes payment and is- 2 seconds Cashier P100.00 each service
without need of priority ser- sues service stamp stamp
vice number and POS
END OF TRANSACTION
Payment of Fees for Registration Transaction

Who may avail of the service : Filer/s or company representative/s
What are the requirements : Payment Assessment Form (PAF) and payment
stances)
1 Gets priority service num- 5 seconds Guard on duty None
ber (cashier area)
2 Waits for the queuing num- Processes payment by en- 5 minutes Cashier Depends on type of PAF
ber to be served coding the PAF number in transaction
the SEC i-Report Cashiering
Module. If in order, issues
official receipt, and returns
the machine-validated PAF
to the client
3 Returns to the concerned
department
END OF TRANSACTION
Payment of Fees for Non-Registration Transaction

Who may avail of the service : Company representative/Payer
What are the requirements : Payment Assessment Form (PAF) and payment
stances)
1 Gets priority service num- 5 seconds Guard on duty None
ber (cashier area)
2 Waits for the queuing num- No definite time for it Cashier
ber to be served depends on the num-
ber of transactions of
the clients being
served
3 Pays to the Cashier with Processes payment by en- 5 minutes -do- Depends on type of PAF
PAF form issued by the coding the PAF number in transaction
concerned operating de- the SEC i-Report Cashiering
partment Module. If in order, issues
official receipt, and returns
the machine-validated PAF
to the client
4 Returns to the concerned
department
END OF TRANSACTION

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CITIZENS CHARTER

Office of the Commission Secretary

SEC: MOST SINCERE IN ANTI-CORRUPTION

SEC Citizens Charter 2016

SEC Mission, Values and Vision 4

FRONTLINE SERVICE PROCEDURES

SEC Citizens Charter 2016

Our Mission, Values, and Vision

SEC Citizens Charter 2016

SEC Citizens Charter 2016

Feedback and Redress Mechanism

SEC Citizens Charter 2016

Contact Information of SEC Officials

POSITION FULL NAME OFFICE/DEPARTMENT CONTACT NO. E-MAIL ADDRESS

SEC Citizens Charter 2016

Contact Information of SEC Officials

POSITION FULL NAME OFFICE/DEPARTMENT CONTACT NO. E-MAIL ADDRESS

SEC Citizens Charter 2016

Contact Information of SEC Officials

POSITION FULL NAME OFFICE/DEPARTMENT CONTACT NO. E-MAIL ADDRESS

SEC Citizens Charter 2016

Contact Information of SEC Officials

POSITION FULL NAME OFFICE/DEPARTMENT CONTACT NO. E-MAIL ADDRESS

SEC Citizens Charter 2016

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT

List of SEC Frontline Services

FRONTLINE SERVICE FEES FORMS/REQUIREMENT PROCESSING TIME OFFICE/DEPARTMENT