Submission of Monthly Sales Report
SEC-BED Memorandum Circular No. 10-87 • Securities and Exchange Commission Departments • Markets and Securities Regulation Department (MSRD) • Jul 31, 1987
Full text
July 31, 1987 SEC-BED * MEMORANDUM CIRCULAR NO. 10-87 TO : All Corporate Issuers of Pre-need Plan SUBJECT : Submission of Monthly Sales Report In order to effectively facilitate the monitoring of the monthly sales report, all concerned pre-need plan, pension plan and similar contract issuers shall submit periodic reports, subject to the following conditions: prcd 1. That within thirty (30) days from date hereof and within the first fifteen (15) days of every month thereafter, the issuer shall submit to the Commission a monthly sales report under oath executed in its behalf by its Treasurer or any other officers; and 2. That the form and content of the monthly sales report shall include the following: a) a list containing the names of the planholders; b) the type of plans purchased; c) the value of plans purchased; d) the total number of plans sold and the total amount paid thereon; and e) the dates of maturity of the plan. For strict compliance of all concerned. (SGD.) MONICO V. JACOB Associate Commissioner
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