The Philippine Securities and Exchange Commission issued guidelines to streamline how corporations amend their articles of incorporation and by-laws through the Electronic Application for Modification of Entity Data (eAMEND) Portal, widening the range of applications eligible for faster handling and setting penalties for late or non-submission of required amendment documents. The framework retains two processing tracks, Simple Processing and Regular Processing, aligned to the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 timeframes of seven working days for complex transactions and 21 working days for highly technical transactions. The circular expands Simple Processing to 28 transactions from four, introduces the use of an affidavit of undertaking in place of a monitoring clearance for eligible filings, and standardises submissions via system-generated, downloadable amendment forms. Simple Processing applications receive a digital certificate upon initial system approval, while Regular Processing certificates are issued only after SEC review and approval, with Regular Processing covering items such as new by-laws, by-law amendments involving five or more provisions, certain dissolutions, partnership amendments and dissolutions, and specified entity conversions.
Philippine Securities and Exchange Commission 2026-01-19
Philippine Securities and Exchange Commission expands eAMEND Simple Processing to 28 amendment filings and introduces graduated penalties
The Philippine SEC issued guidelines to streamline corporate amendments via the eAMEND Portal, expanding Simple Processing to 28 transactions and introducing penalties for late submissions. The framework aligns with the Ease of Doing Business Act, offering digital certificates for Simple Processing and requiring SEC review for Regular Processing, which includes complex amendments and dissolutions.