A Citizen's Manual on SEC's Fees and Charges (Schedule 2)

2006 A CITIZEN'S MANUAL ON SEC's FEES AND CHARGES (PAMPHLET * NO. 3) 04 X 2006 Pursuant to RA 6713 and Memorandum Circular 35 s. 2003 issued by the President on 17 March 2003, the SEC disseminates different pamphlets that give information about its mandate and functions, registration and reportorial requirements, fees and charges, and other relevant topics for the guidance of investors and the general public . "SEC at 70: Service, Excellence and Competence Through the Years . . ." Investors Information Assistance & Publication Division Economic Research and Information Department Schedule of Fees as of 20 May 2004 I. Registration of New Corporations/Partnerships A. Name Verification/Reservation Fee P40.00 per allowed name (30 day- reservation) B. Articles of Incorporation/Partnership 1. Stock Corporation with par value 1/5 of 1% of the authorized capital stock or the subscription price of the subscribed capital stock whichever is higher but not less than P1,000.00 plus LRF* 2. Stock corporation without par 1/5 of 1% of the authorized capital value stock computed at P100.00 per share or the subscription price of the subscribed capital stock whichever is higher but not less than P1,000.00 plus LRF* 3. Non-stock corporation P500.00 plus LRF* 4. Partnerships 1/5 of 1% of the Partnership's capital but not less than P1,000.00 plus LRF* C. By-laws of both stock and non- P500.00 plus LRF* stock corporation D. Applications Under Foreign P2,000.00 plus LRF* Investments Act (aside from the filing fee for articles of incorporation) E. License to Operate Foreign Corporations 1. Branch Office 1% of the actual inward remittance of the corporation converted into Philippine currency but not less than P2,000.00 plus LRF* 2. Representative Office 1/10 of 1% of the actual inward remittance of the corporation converted into Philippine currency but not less than P2,000.00 plus LRF* 3. Application for Area or Regional P5,000.00 plus LRF* Headquarters 4. Application for Regional 1% of the actual remittance but not Operating Headquarters or less than 1% of the peso equivalent of Petition for Conversion of an US$200,000.00 at the time of Area or Regional Headquarters remittance plus LRF* into Regional Operating Headquarters 5. Application of Non-stock P2,000.00 plus LRF* Foreign Corporation II. Registration for Secondary Licence (In addition to filing fee for registration of corporation) Filing Fees New Renewal A. Broke Dealer 1. Head Office P50,000.00 plus LRF* P20,000.00 plus LRF* 2. Branch P10,000.00 plus LRF* P5,000.00 plus LRF* B. Broker 1. Head Office P25,000.00 plus LRF* P10,000.00 plus LRF* C. Dealer 1. Head Office P25,000.00 plus LRF* P10,000.00 plus LRF* D. Salesperson P2,000.00 plus LRF* P1,000.00 plus LRF* E. Associated Person of P3,000.00 plus LRF* P1,500.00 plus LRF* Brokers/Dealers F. Investment Company Adviser 1. Head Office P10,000.00 plus LRF* P3,000.00 plus LRF* G. Certified Investment P1,420.00 (2005) P815.00 (2005) Distributor/Salesperson/ P2,125.00(2006) P1,015.00 (2006) Certified Investment Solicitor plus LRF* plus LRF* H. Investment Houses/Underwriters of Securities/Government Securities Eligible Dealers 1. Head Office P50,000.00 plus LRF* P20,000.00 plus LRF* 2. Branch P10,000.00 plus LRF* P5,000.00 plus LRF* I. Investment Houses/Underwriters of Securities Dealing in Government Securities 1. Head Office P50,000.00 plus LRF* P30,000.00 plus LRF* 2. Branch P10,000.00 plus LRF* P5,000.00 plus LRF* J. Associated Person of Investment P1,000.00 plus LRF* P500.00 plus LRF* Houses K. Transfer Agents P10,000.00 plus LRF* P3,000.00 plus LRF* L. Stock Exchanges P50,000.00 plus LRF* Additional Fees 1/100th of the 1% of the aggregate amount of sales of securities transacted during the preceding calendar year M. Clearing Agencies and Central Depositories Additional Fees P50,000.00 plus LRF* O. * Financing Companies 1/10 of 1% of the amount of paid-up capital stock Head and Branch Office plus LRF* Annual Fee 1/8 of 1% of the required pad-up capital Head and Branch Office stock plus LRF* P. Investment Company P5,000.00 Q. Pre-need Company 1. Dealer Head Office P10,000.00 plus LRF* P5,000.00 plus LRF* Branch Within Metro Manila P5,000.00 plus LRF* P2,500.00 plus LRF* Outside Metro Manila P2,500.00 plus LRF* P1,500.00 plus LRF* 2. General Agent P5,000.00 plus LRF* P2,500.00 plus LRF* 3. Salesman Dealer P200.00 plus LRF* P200.00 plus LRF* General Agent P200.00 plus LRF* P200.00 plus LRF* 4. Closure of Branch Office P1,000.00 plus LRF* R. Alternative Trading System P50,000.00 plus LRF* Semestral Transaction Fee: For the first two (2) billion of the 1/300 of 1% plus LRF* aggregate amount of the sales of securities transacted on such ATS during the preceding semester For the next two (2) billion 1/200 of 1% plus LRF* Onwards 1/100 of 1% plus LRF* III. Registration/Licensing of Securities Filing Fee A. Registration Statement Not more than P500 million worth of securities: (Registration of equity securities, - 0.10% of the maximum aggregate price of commercial papers or debt the securities to be offered plus LRF* securities, proprieties or non- More than P500 million but not more than P750 propriety shares or membership, million: warrant and options - P500,000 plus 0.075% of the excess over (N.B. In case of options or warrants P500 million plus LRF* which have no issue value: More than P750 million but not more than P1 Minimum of P50,000 in addition to billion: the fees which may be due on the - P687,500 plus 0.05% of the excess over underlying shares) P750 million plus LRF* More than P1 billion: - P812,500 plus 0.025% of the excess over P1 billion plus LRF* B. Amended Registration Statement in P10,000.00 accordance with SRC Rule 14 In case of an increase in offering price: 1/10 of 1% of the amount of difference between the highest aggregate amount per old range and the total amount based on new volume or price plus LRF* C. Confirmation for exemption under 1/10 of 1% of the aggregate value of the Section 10.1 of the SRC securities to be sold or issued plus LRF* D. Request for exemptive relief under P5,000.00 plus LRF* Section 72.2 of the SRC Rule 19 E. Information Statement filed by the P5,000.00 plus LRF* registrant (SEC Form 20-IS) F. Information Statement filed by a P2,000.00 plus LRF* person other than the registrant under SRC Rule 20 G. Tender Offer Statement (SEC Form Not more than P500 million worth of securities: 19-1) and other appropriate filings - 0.10% of the maximum aggregate price of the under Section 21 of the SRC securities to be tendered plus LRF* More than P500 million but more than P750 million: - P500,000 plus 0.075% of the excess over P750 million plus LRF* More than P750 million but not more than P1 billion: - P687,500 plus 0.05% of the excess over P750 million plus LRF* More than P1 billion: - P812,500 plus 0.025% of the excess over P1 billion plus LRF* H. Annual Information Statement of P10,000.00 plus LRF* Exempt Commercial Paper Issuer (SEC Form 85-18-1) I. Pre-need 1. New and additional 1/10 of 1% of the maximum aggregate price at which the securities are proposed to be offered plus LRF* 2. Petition for Price Increase P2,500.00 plus LRF* 3. Petition for Amendment of P2,500.00 plus LRF* Registration Statement/Contracts/all applications 4. Petition for Release of Balance P2,500.00 plus LRF* 5. Petition for Cancellation of P2,500.00 plus LRF* Registration 6. Petition for Suspension and/or P2,500.00 plus LRF* Cancellation of Permit to Sell Pre-Need Plans IV. Amendments (Domestic) A. Amended Articles of Incorporation P500.00 plus LRF* of both stock and non-stock corporation B. Amended Articles of Incorporation 1/5 of 1% of the authorized capital stock but not where amendment consists of less than P2,000.00 plus LRF* extending the term of corporate existence C. Amended Articles of Incorporation Re: Conversion/Reclassification of P2,000.00 plus LRF* Shares D. Amended By-Laws of both stock P500.00 plus LRF* and non-stock corporation E. Amended Articles of Partnership P1,000.00 pus LRF* F. Articles of Dissolution of P500.00 plus LRF* Partnership G. Increase of Capital of Partnership 1/5 of 1% of the increase in capital but not less than P1,000.00 plus LRF* H. Increase of Capital Stock 1. Corporation with par value 1/5 of 1% of the increase in capital stock or the subscription price of the subscribed capital stock whichever is higher but not less than P1,000.00 plus LRF* 2. Corporation without par value 1/5 of 1% of the increase in capital stock computed at P100.00 per share or the subscription price of the subscribed capital stock whichever is higher but not less than P1,000.00* plus LRF* I. Decrease of Capital Stock 1. Return of Capital P3,000.00 plus LRF* 2. All others P2,000.00 plus LRF* J. Merger or consolidation of 1/5 of 1% of the equity of the absorbed Corporations corporation/s but not less than P3,000.00 plus LRF* 1. In merger, in case of Filing fee for Increase in Capital Stock or the simultaneous filing of filing fee for Merger (whichever is higher) application for increase of plus LRF* authorized capital stock by the surviving corporation 2. In consolidation where the total 1/5 of 1% of total equity of the constituent equity of constituent corporations or the filing fee for Articles of corporations is different from Incorporation (whichever is higher) plus LRF* the authorized capital of the consolidated corporation K. Equity restructuring 1. To wipe out existing deficit P3,000.00 plus LRF* 2. To create additional paid-in 1/5 of 1% of the amount infused but not less than capital P1,000.00 plus LRF* V. Amendments of License (Foreign) A. Petition for Amendment of License P2,000.00 plus LRF* of a Foreign Corporation B. Cancellation of License of a Foreign P2,000.00 plus LRF* Corporation C. Cancellation of License of Regional P1,000.00 plus LRF* Headquarters of Multinational Corporation D. Cancellation of License of Regional P2,000.00 plus LRF* Operating Headquarters of Multinational Corporation E. Appointment of a Resident Agent P1,000.00 plus LRF* or Substitute Resident Agent F. Revocation of Appointment of P1,000.00 plus LRF* Resident Agent or Substitute Agent G. Amended Articles of Incorporation P1,000.00 plus LRF* of a Foreign Corporation H. Amended By-laws of a Foreign P1,000.00 plus LRF* Corporation VI. Accreditation A. Accreditation of External Auditor P2,000.00 plus LRF* (original and renewal) B. Accreditation of Auditing Firm P5,000.00 plus LRF* (original and renewal) C. Accreditation of Credit Rating Agency Original Application P50,000.00 plus LRF* Annual Fee P10,000.00 plus LRF* D. Accreditation of Pre-need Actuaries P1,000.00 plus LRF* E. Accreditation of Pre-need External P2,000.00 plus LRF* Auditors (Sec. 6.3 of SEC MC No. 13, s. 2003) F. Accreditation of Appraisal P5,000.00 plus LRF* Companies VII. Other Filings/Transactions A. Deed of Assignment of Partnership P500.00 plus LRF* Interest B. Affidavit of Withdrawal of Partner P500.00 plus LRF* C. Certificate of incurring, creating, 1/10 of 1% of the total indebtedness but not less increasing bonded indebtedness than P500.00 plus LRF* D. Valuation of Consideration for 1/5 of 1% of the amount of shares of stock to be shares of stock issued but not less than P2,000.00 plus LRF* E. Stock/cash dividend of up to P500.00 plus LRF* P50,000,000.00 declared by the corporation whose securities are not listed F. Stock/cash dividend of over P1,000.00 plus LRF* P50,000,000.00 declared by the corporation whose securities are not listed G. Property Dividend Declaration 1/5 of 1% of the amount declared but not less than P1,000.00 plus LRF* H. Petition to set aside order of P1,000.00 Suspension/Revocation I. Petition for Correction in Articles P1,000.00 of Incorporation, By-Laws or amendments thereto J. Certification on Corporate P300.00 Information, recording of Deed of Assignment of stock K. Certification of Company Status P500.00 L. Certification of Paid-up Capital, P400.00 Outstanding Capital, Percentage of Filipino Stockholdings, etc. M. Voluntary Revocation of Securities P5,000.00 plus LRF* under SRC Rule 13 N. Listing Fee (PSE referrals to P2,500.00 plus LRF* SEC-CFD) O. Approval of Pre-Need Trust P2,500.00 plus LRF* Agreement P. Application for exemption P5,000.00 plus LRF* under ATS Q. Listing Fee for PSE Shares 1/10 of 1% of the number of shares to be listed x placement fee R. Additional Listing of PSE Shares P10,000.00 S. Approval of Voting Trust P200.00 plus LRF* Agreement T. Registration of Stock and Transfer P150.00 Book U. Registration of Membership Book P75.00 VIII. Preparation of Statistical Reports, Company Listings and Related Information on SEC-Registered Entities A. Computer Usage/Processing time P2.00 per minute B. Special Program fee for the P500.00 per transaction institutional/individual researchers C. Hard copy of documents with list P5.00 per page containing information such as address, industry classification, equity structure, etc. D. Soft copy of documents with list containing information such as address, industry classification, equity structure, etc. 1. CD-RW media 2. 1.44 MB floppy diskette IX. Public Reference Unit Charges A. PRU Service Charge P20.00 per transaction B. Reproduction of Documents Plain Microfilm Copy Authenticated Copy 1. Articles of Incorporation P100.00 P150.00 2. By-Laws P100.00 P150.00 3. General Information Sheet P25.00 P50.00 4. Increase in Capital Stock P50.00 P100.00 5. Resolution P15.00 P50.00 6. Secretary's Certificate P15.00 P50.00 7. Board Resolution P15.00 P50.00 8. Registration Data Sheet P25.00 P50.00 9. Deed of Assignment P15.00 P50.00 C. Borrowing fee for Hard copy (PRU Reproduction cost plus P50.00 per document paper copy not available in microfilm or CD) D. Reproduction of documents not P5.00 per page plus P20.00 per corporation mentioned above E. Authentication of documents not P5.00 per page plus P20.00 per document mentioned above X. SEC Publication A. SEC Bulletin P150.00 per copy * Legal Research Fee equivalent to 1% of filing fee but not less than P10.00