The Philippine Securities and Exchange Commission has suspended until December 31, 2026, the monthly penalties for late or non-filing of annual financial statements and general information sheets. The relief applies only to the compounding monthly component, while base fines under the existing schedule remain payable. The suspended charges are PHP 1,000 for each month of continuing violation for one-person corporations and domestic stock and non-stock corporations with positive retained earnings, fund balances or equity, and PHP 500 for those with negative retained earnings. Monthly charges were capped at 12 months. The suspension covers corporations with pending monitoring applications, while those with final but unpaid assessments will receive revised assessments excluding the monthly charges.
2026-05-13Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission suspends monthly penalties for overdue corporate reports until December 31
The Philippine Securities and Exchange Commission has suspended monthly penalties for late or non-filing of annual financial statements and general information sheets until December 31, 2026. Base fines remain in effect, and final but unpaid assessments will be revised to remove the monthly charges.