• Skip to content
  • Skip to navigation

P&A Grant Thornton uses cookies to monitor the performance of this website and improve user experience

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Nigeria
  • Namibia
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Bahamas
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Dominica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • United States
  • Uruguay
  • Venezuela
  • Turks & Caicos
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
  • Lebanon
Grant Thorton Logo

Grant Thornton Logo Grant Thornton Logo

Contact us
  • Insights
  • Services
  • Industries
  • Meet our people
  • Careers
  • Alerts and Publications
  • Events
  • Locations
  • P&A Foundation, Inc.
  • Audit and Assurance
  • Tax Advisory and Compliance
  • Advisory Services
  • Outsourcing and Managed Services
  • Japan Desk
Audit and Assurance Home
  • Audit approach overview
  • Annual and short period audit
  • Review engagement
  • Other Related Services
Tax Advisory and Compliance Home
  • Tax advisory
  • Tax compliance
  • Corporate services
  • Tax education and advocacy
Advisory Services Home
  • Business risk services
  • Business consulting services
  • Transaction services
  • Forensic advisory
  • Cyber advisory
Outsourcing and Managed Services Home
  • Accounting services
  • Staff augmentation services
  • Payroll Processing
  • Education
  • Consumer products
  • Energy and natural resources
  • Financial services
  • Not for profit
  • Outsourcing
  • Public sector
  • Real estate and construction
  • Technology, media and communications
  • Travel, tourism and leisure
  • Retail industry
  • About
  • P&AUSE
  • P&AUSE Officers
  • Board of Trustees
  • Contact Us
  • Grant Thornton Philippines
  • Alerts and Publications
  • Technical Alerts
  • Accounting Alerts
  • 2020
  • Alternative Means of Filing Reports, Communications and Other Documents with the SEC

Accounting Alert

20 Mar 2020
  • Accounting Alerts
  • 2021 2021
    • Philippine Interpretations Committee Question and Answer 2020-05
    • Audit Readiness - Preparing your Annual Reports
    • Philippine Interpretations Committee Question and Answer 2020-04
    • Philippine Interpretations Committee Question and Answer 2020-03
    • Philippine Interpretations Committee Question and Answer 2020-02
    • SEC Memorandum Circular No. 35 series of 2020
    • SEC Memorandum Circular No. 34 series of 2020
    • SEC Memorandum Circular No. 33 series of 2020
    • Regulatory Relief on the Non-imposition of Sanction for Breach in Single Borrower's Limit by Certain Foreign Bank Branches
    • Guidelines on the Electronic Submission of Report on Reclassification of Debt Securities Out of Fair Value Category
  • 2020 2020
    • Extension of Deadline for Submission of Forms/Notices
    • Online and Manual Submission of Forms/Notices Pursuant to SEC MC 28-2020
    • COVID-19 Accounting Implications for CFOs - Debt Modifications
    • Discussion Paper 'Business Combination under Common Control'
    • SEC Memorandum Circular No. 32 series of 2020
    • SEC Memorandum Circular No. 31 series of 2020
    • SEC Memorandum Circular No. 28 series of 2020
    • Insights into PFRS 16 - Lease Incentives
    • IASB issues Interest Rate Benchmark Reform Phase 2
    • IFRIC 23 - Uncertainty Over Income Tax Treatments
    • COVID-19 Going Concern Considerations
    • Extension of Deadlines and Interim Procedures for the Submission of Printed/Hard Copies of Annual Reports
    • IASB Defers the Effective Date of IAS 1 Amendments
    • Guidelines on the Electronic Submission of the Annual Report and Audited Financial Statements to BSP
    • Filing of Annual Reports During the Temporary Closure of the SEC Main Office until July 26, 2020
    • Work Suspension at the SEC Main Office and Extension of Deadlines for Certain Corporations
    • Adjustment of Deadlines for Submission of Annual Reports to the SEC and Other Announcements
    • Amendments to IFRS 17 and IFRS 4
    • Filing of Reports and Other Documents in SEC Main Office during Temporary Closure
    • Options for the Submission of Reports, Applications and Other Documents to the SEC During Community Quarantine
    • COVID-19 Accounting Considerations for CFOs: Revenue Recognition
    • COVID-19 Accounting Considerations for CFOs: Government Grants
    • IASB Amends IFRS 16 to Provide Relief for Lessees Accounting for Rent Concessions during the COVID-19 Pandemic
    • COVID-19 Accounting for Lease Modifications
    • SEC Notice on the Opening of SEC Express System and SEC Express Nationwide Submission
    • Insurance Commission Circular Letters: Regulatory Reliefs, Online Submission of Reports, and Deferral of IFRS 17 Implementation
    • COVID-19 Accounting Implications for CFOs: Impairment of Intangible Assets and Goodwill
    • IASB Issues Narrow Scope Amendments to IFRS Standards
    • Procedures in the Filing of Audited Financial Statements and General Information Sheet after the Enhanced Community Quarantine
    • Extension of Deadline for the Submission of 2020 Annual and Quarterly Reports and AFS of Companies with Fiscal Year Ended January 31 to April 30, 2020
    • Understanding the Impact of COVID-19 on 2020 Deferred Tax Provisions
    • IASB Proposes Relief for Rent Concessions During the COVID-19 Pandemic
    • Extension of Period to File the General or Special Form for Financial Statements and Guidelines on Submission by Electronic Mail
    • Treatment of Net Unrealized Losses in the EFCDU/FCDU Book for Purposes of Determining Compliance with the EFCDU/FCDU Asset Cover Requirement
    • Guidelines on Reclassification of Debt Securities Measured at Fair Value to the Amortized Cost Category for Prudential Reporting to the BSP
    • Reporting the Impact of COVID-19 to your Business
    • Guidelines on Filing SEC Form 17-LC and 17-C Report
    • COVID-19: Financial Reporting and Disclosures
    • Reduction in Reserve Requirements
    • COVID-19 Outbreak: Accounting Implications
    • Guidelines for Filing of Reports through Electronic Mail with the SEC during ECQ Period
    • Application of IFRS 9 in Light of the Coronavirus Uncertainty
    • [UPDATE] Regulatory Relief for Entities Regulated by the Insurance Commission
    • Guidelines on Submission by Electronic Mail of Required Forms and Documents and Recognition of Electronic Signature
    • Guidelines for the Filing of General Information Sheet (GIS) During the COVID-19 Outbreak and Enhanced Community Quarantine
    • Additional Operational Relief for BSFIs Affected by Measures to Manage the Coronavirus Disease (COVID-19) Situation and its Health and Safety Risks
    • Alternative Means of Filing Reports, Communications and Other Documents with the SEC
    • SEC Relaxes the Requirements for Extension in the Filing of Annual Reports and/or Audited Financial Statements
    • Guidelines Covering the Conduct of Business in the Insurance Commission During the Community Quarantine Period
    • SEC Issues Guidelines on the Participation in Regular and Special Meetings through Remote Means of Communication
    • Regulatory Relief for...
    • SEC Extends Deadline for Annual and Quarterly Reports for Companies affected by Covid-19
    • Guidelines on Preventative Measures Against...
  • 2019 2019
    • SEC Extends Deadline for Annual and Quarterly Reports for...
    • Deferral of IFRIC Agenda Decision on Over Time Transfer of Constructed Goods (PAS 23) for Real Estate Industry
    • Implementation of IFRS 17, Insurance Contracts
    • Amendments to Regulations on Financial Audit of Banks and Non-Bank Financial Institutions
    • Navigating the Changes to IFRS 2020
    • SEC Memorandum Circular No. 2 - 2020 Filing of Annual Financial Statements and General Information Sheet
    • IASB issues Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
    • GTI IFRS News Q4 2019
    • Insights into PFRS 3: Definition of a Business
    • IASB issues Interest Rate Benchmark Reform
    • Insights into PFRS 16: Presentation and Disclosure
    • Insights into PFRS 16: Lease Payments
    • Insurance Commission's Guidelines on Lease Accounting for Insurance and Reinsurance Companies
    • GTI IFRS News Q1 2019
    • Application Deferral of PIC Q&A 2018-H and 2018-14
    • Sustainability Reporting Guidelines for Publicly-Listed Companies
    • Insights into PFRS 16: Sale and Leaseback Accounting
    • Insights into PFRS 16: Transition Choices
    • Use of the New General Information Sheet (GIS) Form
    • 2019 Filing of Annual FS and GIS
    • Navigating the Changes to IFRS 18
    • Insights into PFRS 3: Definition of a Business
    • GTI IFRS News Q2 2019
    • Rules on Material Related Party Transactions for Publicly-listed Companies
    • BOA Repealed Resolutions on FS Compilation Services
    • GTI IFRS News Q3 2019
    • 2019
  • 2018 2018
    • Insights into IFRS 16
    • SEC Memorandum Circular 2018-14 – PFRS 15 Implementation Issues Affecting Real Estate Industry
    • Accounting for Client Money
    • Third Quarter Edition of IFRS News
    • Accounting for Crypto Assets
  • 2017
  • 2016
  • 2015
  • 2014
  • 2008
  • 2007
  • 2006
  • 2005

Alternative Means of Filing Reports, Communications and Other Documents with the SEC

This accounting alert circulates notices uploaded by SEC in its website implementing new procedures for submission of reports and other documents during the quarantine period.

Introduction

Pursuant to the imposition of an enhanced community quarantine and stringent distancing measures over Luzon and across provinces in the country to prevent the spread of the 2019 Coronavirus Disease (COVID-19), the Securities and Exchange Commission (SEC) issued three notices on March 17 and 18, 2020 in its website, temporarily changing the rules for the filing of reports, communications and other documents by corporations. A brief summary on each issuance is included below.

For Publicly-listed Companies

All PLCs are directed by the SEC to file their respective structured and current reports by uploading the same through the PSE Edge.  All reports filed with the PSE Edge during the effective period shall be considered as having been filed with the SEC. The SEC reserves the right to require the PLCs to submit a copy to the SEC at a later time as may be necessary.  The SEC shall also make the proper arrangement with PSE for the latter to furnish the SEC with the reports filed in the PSE Edge. The PSE also posted CN No. 2020-0024 on March 17, 2020 to echo the SEC notice, noting that the filings must follow the relevant PSE rules and procedure on submission.

For other communications, PLCs shall direct them to msrd_covid19@sec.gov.ph. 

This notice and the directives therein shall take effect beginning March 17, 2020 and shall be followed until further notice.

For Issuers of Registered Securities (other than PLCs)

All issuers of registered securities (other than PLCs) are mandated to file their respective structured and current reports and direct their other communications to msrd_covid19@sec.gov.ph as direct email messages or attachments.

This notice and the directives therein shall take effect beginning March 17, 2020 and shall be followed until further notice.

For Investment Companies, Registered Issuers of Proprietary and Non-proprietary Shares/Timeshares and Public Companies

Reports under the supervision of  Corporate Governance and Finance Department (CGFD) shall be submitted through cgfd@sec.gov.ph. This alternative filing procedure shall apply to the following reports:

  1. SEC Form 17-C
  2. SEC Form 18-A or 18-AS
  3. SEC Form 23-A or 23-B
  4. SEC Form 20-IS
  5. SEC Form 20-ISA
  6. Monthly Sales and Redemption Report

For ease of monitoring, corporations covered shall submit one report per company, using the following format in the subject head: COMPLETE NAME OF THE COMPANY_SUBJECT REPORT (Example: ABCDEF Corp_SEC Form 17-C).

In addition, every report submitted via email must be accompanied by a certification of the person who prepared the report on behalf of the covered company that the information contained therein are true and correct. This certification must be attached in the same email together with the subject report to be filed.  Due to the exigency of the situation and only for the purpose of alternative filing, reports to be submitted via email shall not be required to be notarized even if they normally require notarization for validity.

However, upon implementation by the SEC of regular working hours, all covered companies shall submit hard copies of said reports and/or documents with proper notarization with the CGFD within 10 calendar days from the date that the quarantine order has been lifted or withdrawn. To ensure the integrity of documents, the covered companies must issue a certification that the hard copies submitted refer to one and the same report that they filed via email. Such certification must also indicate the date of their submission through email.

This notice and the directives therein shall take effect beginning March 18, 2020 and shall be followed until further notice.

 

See attached SEC and PSE Notices for the complete details of this publication. 

.

CN 2020-0024
Download PDF [161 kb]
Download PDF [161 kb]
Download PDF [161 kb]

.

2020Notice Notice to Corp with RS re filing of reports amid covid19
Download PDF [252 kb]
Download PDF [252 kb]
Download PDF [252 kb]

.

2020Notice Notice to PLCs re filing of reports amid covid19
Download PDF [255 kb]
Download PDF [255 kb]
Download PDF [255 kb]

.

2020Notice Alternative Means of Filing Current Reports
Share this page
  • Facebook LinkedIn
  • Twitter Twitter
  • LinkedIn LinkedIn
  • Email Email
  • Follow us on YouTube
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Instagram
CONNECTclose
  • Meet Our People
  • Contact us
  • Our heritage
ABOUTclose
  • About us
  • Careers
  • News Centre
LEGALclose
  • Privacy
  • Cookie policy
  • Disclaimer
  • Site map

© 2021 Punongbayan & Araullo - All rights reserved. “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Punongbayan & Araullo (P&A) is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    • EN
    • Contact us