SRC

Section 2. Declaration of State Policy. – The State shall establish a socially

conscious, free market that regulates itself, encourage the widest participation
of ownership in enterprises, enhance the democratization of wealth, promote
the development of the capital market, protect investors, ensure full and fair
disclosure about securities, minimize if not totally eliminate insider trading and
other fraudulent or manipulative devices and practices which create
distortions in the free market. To achieve these ends, this Securities
Regulation Code is hereby enacted.

Section 5. Powers and Functions of the Commission.– 5.1. The commission

shall act with transparency and shall have the powers and functions provided
by this code, Presidential Decree No. 902-A, the Corporation Code, the
Investment Houses law, the Financing Company Act and other existing laws.
Pursuant thereto the Commission shall have, among others, the following
powers and functions:
(a) Have jurisdiction and supervision over all corporations, partnership
or associations who are the grantees of primary franchises and/or a
license or a permit issued by the Government;
(b) Formulate policies and recommendations on issues concerning the
securities market, advise Congress and other government agencies on
all aspect of the securities market and propose legislation and
amendments thereto;

Schedule of Fees
MC No. 03 s.2017: Consolidated Schedule of Fees and Charges
Registration and Licensing of Securities

Maximum Aggregate Price of Securities Filing Fee

Registration Statement

Not more than P500 Million 0.10% of the maximum aggregate

price of the securities to be offered
+ Legal Research Fee (1% of
Filing Fee)

More than P500 Million but not more than P750 Million P500,000.00 plus 0.075% of the
excess over P500 Million +LRF
(1% of Filing Fee)

More than P750 Million but not more than P1 Billion P687,500.00 + 0.05% of the
excess over P750 Million + LRF
(1% of Filing Fee)

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More than P1 Billion P812,500.00 plus 0.025% of the
excess over P1 Billion + LRF (1%
of Filing Fee)

Securities to be registered but which are not part of the offering

shall be based on Par Value. In case of options or warrants
which have no issue value: Minimum of P50,000.00 in addition
to the diminishing fee due on the underlying shares.

Shelf 1. Shelf Registration

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
2. Registration Fee of Mutual Funds
Based on Net Asset Value per share but in no case less than par value
N.B. (1) The registrant shall execute an undertaking to pay the remaining
registration fees no later than 30 days prior to the expiry of the three (3) year
period reckoned from the date of effectivity of the Registration Statement
(2) Pay the filing fee for registration of securities in tranches rather than upfront,
based on the total value of shares covered by the Registration Statement,
provided, however, that the open-end investment company must, upon filing of
the Registration Statement (RS), submit a sworn statement by its President
indicating the schedule or program for the payment of the unpaid fees which must
be paid within three (3) years from the effective date of the RS

Registration as
Investment P10,000.00
Company

Short Form P150,000.00 or 0.10% of the maximum aggregate price of the securities to be
Registration offered, whichever is higher, less the filing fee previously paid for the exempt
Statement transaction

Amended
Registration
Statement
P12,000.00
(any amendment
except price
increase)

Maximum Aggregate Price of Securities Filing Fee

Short Term Commercial Papers

Not more than P250 Million 0.10% of the maximum aggregate price of the
securities to be offered + Legal Research Fee (1% of
Filing Fee)

More than P250 Million but not more than P250,000.00 plus 0.075% of the excess over P250
P500 Million Million +LRF (1% of Filing Fee)

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 More than P500 Million but not more than P437,500.00 + 0.05% of the excess over P500
P750 Million Million + LRF (1% of Filing Fee)

More than P750 Million P562,500.00 plus 0.025% of the excess over P750
Million + LRF (1% of Filing Fee)

Annual Information Statement of Exempt

Commercial Paper Issuer (SEC Form 85-
18-1)

Not more than P50 Million worth of CPs P10,000.00

Not more than P100 Million worth of CPs P20,000.00

Up to P150 Million worth of CPs P30,000.00

Issuance of more than P150 Million worth of

1/10 of 1% of the value of CPs
CPs within a 12-month period

Exemption, Exemptive Relief & Confidential Treatment Fees

Amendment to Registration Statement and Prospectus (SRC Rule 14)
Entities with Secondary License
Capital Market Professionals
Exchanges
Other Applications
Other Fees
Scale of Fines

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