The Securities and Exchange Commission (SEC) has announced that effective November 2, 2022, reportorial requirements submitted by corporations using eFAST shall be accepted and CONSIDERED as COMPLETE and ACCURATE.
All inaccurate, incomplete, false, or any misleading information, which can be found in the submitted reports, SHALL BE PENALIZED ACCORDINGLY by the Compliance Monitoring Division (CMD) and/or other Operating Departments monitoring the reports pursuant to Sec. 162 of the Revised Corporation Code.
No report/s shall be returned to the filers for correction. Amendments shall no longer be allowed unless directed by the Commission.