Submission of Business Plan (SEC Form BP-FCLC)

April 5, 2022 CORPORATE GOVERNANCE AND FINANCE DEPARTMENT TO : Financing Companies and Lending Companies SUBJECT : Submission of Business Plan (SEC Form BP-FCLC) In Compliance with SEC Memorandum Circular No. 3, Series of 2022 on the Implementation of Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021 on the Ceiling/s on Interest Rates and Other Fees Charged by Lending Companies, Financing Companies, and Their Online Lending Platforms NOTICE This refers to the submission of the Business Plan required of financing companies (FCs) and lending companies (LCs) under SEC Memorandum Circular No. 3, Series of 2022 (SEC MC 3). Section 5 of SEC MC 3 mandates all FCs and LCs, whether or not offering loans covered by the ceiling imposed by the Monetary Board of the Bangko Sentral ng Pilipinas on interest rates and other fees, to submit a Business Plan indicating the company's loan products and services, as well as the applicable pricing parameters, which must be compliant with Section 3 of SEC MC 3. In this connection, notice is hereby given that the prescribed format for the Business Plan, or SEC Form BP-FCLC , has been posted on the Commission's website: FCs Reportorial Requirements https://www.sec.gov.ph/reportorial-requirements/corporations-with-secondary-licenses/financing-companies/ LCs Reportorial Requirements https://www.sec.gov.ph/reportorial-requirements/corporations-with-secondary-licenses/lending-companies/ FCs and LCs may now provide the required information in the fields provided in the SEC Form BP-FCLC . Please note that submissions, which are not in accordance with the prescribed format, shall be deemed NOT FILED. The Business Plan shall be submitted to the Commission on or before 05 May 2022 in two (2) formats: (a) Multi-Page Portable Document Format (PDF) with Text Layer of the accomplished but unsigned form; and (b) Multi-Page PDF High Resolution Scan (at least 100 x 100 dpi) of the document with the Signatories Page and the Notarization Page. These documents shall be submitted through email to [emailprotected] , copy furnished the Corporate Governance and Finance Department through [emailprotected] , with the following subject line: CGFD_Complete Name of the Company_SEC Form BP-FCLC_Date Submitted . For FCs and LCs, which will be incorporated subsequent to 03 March 2022, the effectivity date of SEC MC 3, the Business Plan shall be submitted within sixty (60) days from the date of the issuance of their Certificates of Authority to Operate as a Financing/Lending Company. The Business Plan is subject to further guidelines and related issuances that may be issued by the Commission. Noncompliance with the submission of SEC Form BP-FCLC shall subject the erring FCs and LCs to applicable penalties as provided under Section 6 (C) of SEC MC 3. For your information and guidance.