Compliance with SEC Memorandum Circular No. 11, Series of 2014
SEC Memorandum Circular No. 18, s. 2014 • Securities and Exchange Commission • Memorandum Circulars • Sep 1, 2014
Full text
September 1, 2014 SEC MEMORANDUM CIRCULAR NO. 18, S. 2014 TO : All Publicly-Listed Companies SUBJECT : Compliance with SEC Memorandum Circular No. 11, Series of 2014 Memorandum Circular No. 11, Series of 2014 mandates all Publicly-Listed Companies (PLCs) to include in their website all information per SEC-web template for investors to check Corporate Governance practices of their investee companies and to help the former rank high in the ASEAN Scorecard Peer Review. The Commission, in its meeting on 28 August 2014, resolved to extend compliance with Memorandum Circular No. 11, Series of 2014 up to December 31, 2014 . The following penalties shall be imposed for non-compliance with this Circular: Violation Basic Penalty Monthly Penalty Non-Posting Php10,000.00 Php2,000.00 Incomplete posting Php5,000.00 Php1,000.00 Signed this 1st day of September 2014, Mandaluyong City, Philippines. aDICET For the Commission: (SGD.) TERESITA J. HERBOSA Chairperson Securities and Exchange Commission
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.