Insurance Commission Extends Deadlines for Submission of Reportorial Requirements
Summary
The Insurance Commission (IC) issued Circular Letter (CL) No. 2026-10 to grant all regulated entities additional time for the submission of reportorial requirements under its supervision. This measure was introduced in response to the State of National Energy Emergency declared under Executive Order No. 110, s. 2026, which has affected business operations due to disruptions in global energy supply.
The IC aims to support regulated entities in managing operational and compliance challenges by allowing additional time for report submissions without penalties. Submissions made within the revised deadlines will not incur penalties under CL No. 2014-15 (Fees and Charges).
Extended Deadlines of Reportorial Requirements - for Annual and Audited Financial Statements
The table below highlights only the extended deadlines for annual and audited financial statement submissions. For the complete list of reportorial requirements and corresponding deadlines, refer to Annex A of the Circular.
References
This Accounting Alert provides only a high‑level overview of the regulatory updates. For complete and authoritative guidance, readers are encouraged to review the full Circular Letter issued by the Insurance Commission below.
To explore additional Insurance Commission's Circular Letters referenced in this alert or to access related regulatory issuances, you may also visit www.insurance.gov.ph for more comprehensive guidance.
