(LEAP) Lane for Express Application Processing

2019 SEC NOTICE NOTICE TO THE PUBLIC TO : New Company Registration System (CRS) Users SUBJECT : (LEAP) Lane for Express Application Processing The Securities and Exchange Commission is announcing the availability of LEAP or Lane for Express Application Processing . New Company Registration System (CRS) applicants or users are encouraged to utilize LEAP to expedite the process and approval of their corporate registration. One-day processing and approval is possible in this special lane. By using LEAP, the application process is simplified and streamlined: 1. LEAP uses CRS pro-forma online application form. This form is more user friendly since the applicant simply ticks off from the enumerated items or types in the required information. 2. LEAP removes option to craft own provisions or upload own documents. Processing time will be shortened since no human processor needs to review the application. The new simplified steps of Lane for Express Application Processing are as follows: 1. Account Creation 2. Name Verification 3. Filling Up of CRS Pro-Forma Online Application Form 4. Payment 5. Submission of Proof of Payment 6. Submission of Signed and Notarized Articles of Incorporation and By-laws 7. Issuance of Certificate of Incorporation New applicants may choose from the THREE LANES OF CRS in processing their company registration. Their option must be based on the type of their corporation and the required documents they need to submit. 1. APPLICATIONS COVERED BY LEAP (LANE FOR EXPRESS APPLICATION PROCESSING): CAIHTE Corporations which do not need to upload additional documentary requirements may utilize LEAP . Currently, only the general purpose/non-specialized corporations or those that do not require a secondary license or prior endorsement from another government agency are qualified to use this special lane. In LEAP, one-day processing and approval is possible. 2. APPLICATIONS TO BE PROCESSED VIA FAST TRACK (TIMELY REGISTRATION ACTION KIOSK) LANE: FAST TRACK is a hybrid-manual transition measure that facilitates faster resolution or approval of pending CRS applications. Those who wish to utilize the FAST TRACK lane will still have to encode/upload their application online. However, they will have to manually submit original copies of notarized documents for checking and processing prior to claiming their Certificates of Registration. Corporations which require secondary licenses and prior endorsements from other agencies may be processed using the FAST TRACK. These corporations include Lending Companies, Financing Companies, Broker/Dealers in Securities, Clearing Agency , etc. By utilizing Fast Track, processing time is reduced because documents will be reviewed on-the-spot . Uploading and online processing of documents, which heavily rely on stability of internet connection, are eliminated in this lane. 3. APPLICATIONS TO BE PROCESSED BY REGULAR LANE: All types of corporations may apply using Regular Lane. In Regular Lane, corporations may complete the entire incorporation process via online from account creation, to uploading and reviewing of documents, all the way to payment of registration fees. The only time an applicant will have to come to the SEC is when the Certificate of Incorporation is claimed . However, in this lane, the applicant must have access to stable internet connection and a reliable computer . Without these , users may experience system slowdown due to their connection, and consequently, experience possible delays in their online registration. For clarifications, you may call the following telephone numbers: Direct Lines: 818-5554; 818-8803 Trunk Line: 818-0921 extension 279, 256, 284, 214 For assistance on LEAP and other registration related matters, you may visit the Company Registration and Monitoring Department, Ground Floor, Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City and its SEC Satellite and Extension Offices in: DETACa SEC SATELLITE OFFICE ALI MALL SEC SATELLITE OFFICE ROBINSONS 4th Flr. Government Center, Alimall, GALLERIA Araneta Center Level 4, West Wing, Robinson's Galleria General Romulo Ave. Cubao, Quezon City Ortigas Ave., Ortigas Center Metro Manila Mandaluyong Metro Manila Telephone No.: (+632) 364-2679 Telephone No.: (+632) 696-9493 SEC SATELLITE OFFICE SM MANILA SEC SATELLITE OFFICE MUNTINLUPA 5th Flr. Gov't. Service Express Center, Government Center, City Hall of Muntinlupa SM City Manila, National Road, Putatan, Muntinlupa City San Marcelino St. Ermita, Manila Telephone No.: (+632) 714-3504 SEC SATELLITE OFFICE SM NORTH-EDSA SEC SATELLITE OFFICE SM MALL OF ASIA Express Center, Lower Ground, The Annex, Government Service Express, Level 2 North SM City North EDSA, Quezon City, Metro Manila Arcade, SM Mall of Asia, Pasay City Telephone No.: (+632) 372-6229 Telephone No.: (+632) 851-4855 You may also visit our Extension Offices in: CEBU CITY EXTENSION OFFICE ILOILO CITY EXTENSION OFFICE SEC Bldg. V. Rama Ave. SEC Bldg. Gen. Hughes St. Guadalupe, Cebu City Iloilo City Telephone No.: (+632) 253-5337 DAVAO CITY EXTENSION OFFICE CAGAYAN DE ORO CITY SDC Bldg., Purok 13, SEC Bldg. Corner 14th and Maa Road, Brgy. Maa Tomasaco Del Lara Sts. Davao City Cagayan de Oro City BAGUIO CITY LEGAZPI CITY Bell House, Historical Core Area, SEC Bldg., 2nd Floor John Hay Special Economic Zone, Chiniel (Avon) Bldg. Baguio City Rizal St. Albay District Legazpi City ZAMBOANGA CITY TARLAC CITY SEC Bldg., San Jose 2F Legislative Bldg. Panigayan St. Tarlac City Zamboanga City Three Lanes of Company Registration System (CRS) THREE LANES OF COMPANY SYSTEM LEAP LANE FOR EXPRESS APPLICATION PROCESSING FEATURE LEAP uses CRS pro-forma online application form . This form is more user friendly since the applicant simply ticks off from the enumerated items or types in the required information. In LEAP, one-day processing and approval is possible. WHO MAY APPLY Corporations which do not need to upload additional documentary requirements may utilize LEAP. Currently, only the general purpose/non-specialized corporations or those that do not require a secondary license or prior endorsement from another government agency are qualified to use this special lane. FAST TRACK TIMELY REGISTRATION ACTION KIOSK FEATURE FAST TRACK is a hybrid-manual transition measure that facilitates resolution or approval of pending CRS applications. Those who wish to utilize the FAST TRACK lane will still have to encode/upload their application online. However, they will have to manually submit original copies of notarized documents for checking and processing prior to claiming their Certificates of Registration. By utilizing Fast Track, processing time is reduced because documents will be reviewed on-the-spot . WHO MAY APPLY Corporations which require secondary licenses and prior endorsements from other agencies may be processed using the FAST TRACK. These corporations include Lending Companies, Financing Companies, Brokers/Dealers in Securities, Clearing Agency, etc. aDSIHc REGULAR LANE TIMELY REGISTRATION ACTION KIOSK FEATURE In Regular Lane, corporations may complete the entire incorporation process via online from account creation, to uploading and reviewing of documents, all the way to payment of registration fees. The only time an applicant will have to come to the SEC is when the Certificate of Incorporation is claimed. However, in this lane, the applicant must have access to stable internet connection and a reliable computer . Without these, users may experience system slowdown due to their connection, and consequently, experience possible delays in their online registration. WHO MAY APPLY All types of corporations may apply using Regular Lane.