SEC contributes P2 B in gov’t efforts to control COVID-19
The Securities and Exchange Commission supports the fight against the Covid-19 pandemic by contributing a total of P2 billion from its accounts to the Bureau of Treasury.
The SEC made the transfer in accordance with Section 4(v) of the Bayanihan to Heal as One Act, and with the instruction of the Department of Finance.
Since the implementation of the enhanced community quarantine, the SEC has already created measures to ease transactions and applications of corporations and other entities under its supervision. The SEC announced the extension of deadlines and the electronic submission of annual reportorial requirements.
It has also developed the Interim Online Registration System (IORS) for one person corporations and corporations with less than five incorporators, and is continuously processing registrations made through the Company Registration System.
SEC Chair Emilio Benito Aquino stressed this pandemic has brought the world to a standstill, disrupted businesses and livelihoods, and caused the loss of lives, hence a collective response from all sectors is called for.
In the SEC Baguio extension office, employees are in work-from-home arrangement and are still committed in serving its clients. The Baguio office attends to inquiries for registrations and applications for amendments via [email protected] and likewise accepts submissions of reportorial requirements such as the general information sheet and financial statements through [email protected]
“SEC has moved into position for the country’s fight against the Covid-19. Aside from supporting other government agencies on the frontlines, we have worked on buttressing the corporate sector, capital market and investing public, which are crucial in the resilience of our economy and, more importantly, of the Filipino people,” Aquino said. – Press release