SEC Citizen's Charter Asof 20141223

2014
[Type the document title]

CITIZENS CHARTER
Securities and Exchange Commission
SECURITIES AND EXCHANGE COMMISSION
CONTENTS
Our Mission
Our Values
Our Vision
Service Pledge
Feedback and Redress Mechanism
Directory
List of SEC Head Office Frontline Services
2
2
3
3
4
5
10
FRONTLINE SERVICE PROCEDURES

Company Registration and Monitoring Department
Office of the General Accountant
Corporate Governance and Finance Department
Market and Securities Regulation Department
Enforcement and Investor Protection Department
Economic Research and Training Department
Financial Management Department
Human Resource and Administrative Department
Information and Communication Technology Department
16
81
111
144
161
165
169
175
184
SEC EXTENSION OFFICES

Baguio Extension Office
Cagayan De Oro Extension Office
Cebu Extension Office
Davao Extension Office
Iloilo Extension Office
Legaspi Extension Office
Zamboanga Extension Office
Tarlac City Extension Office
194
196
203
210
213
218
221
223
SEC CITIZENS CHARTER
1|Page
Our Mission
__________________
To strengthen the corporate and capital market infrastructure of the Philippines, and to maintain a regulatory system based on
international best standards and practices, that promotes the interest of investors in a free, fair and competitive business environment.
We shall be guided in this mission by the values of INTEGRITY, PROFESSIONALISM, ACCOUNTABILITY, INDEPENDENCE and
INITIATIVE.
Our Values
__________________
INTEGRITY
We are morally upright, honest and sincere in our private and public lives.
PROFESSIONALISM
We consistently implement the law, provide timely and accurate information to

investors, and render efficient and competent service to the public.
ACCOUNTABILITY
We abide by prescribed ethical and work standards in government service.
INDEPENDENCE
We act without fear or favor, and render sound judgment in the performance of our
duties and responsibilities.
INITIATIVE
We are strategic and forward-looking in the fulfillment of our developmental and
regulatory functions.
2|Page
Our Vision
__________________
We envision that by December 31, 2015, the Commission shall have fully implemented its three-year program to build its physical
and ICT infrastructure, and harnessed the skills and expertise of highly competent and motivated staff for the efficient and effective
performance of its duties and responsibilities.
Service Pledge
__________________
We, the officials and employees of the Securities and Exchange Commission located at EDSA, Greenhills
corner Ortigas, Mandaluyong City, can be reached at telephone numbers 584 0921 and 584 0923 and through
our website at www.sec.gov.ph 24/7.
Our doors are open to serve you from 8:00 in the morning until 5:00 in the afternoon, Mondays thru Fridays,
with no noon break.
Our Pledge is to:

Serve you with a smile
Ensure efficiency in service delivery
Commit ourselves to address your complaints, to satisfy you, our cherished clients.
We will be guided in this pledge by our values of INTEGRITY, PROFESSIONALISM, ACCOUNTABILITY,
INDEPENDENCE and INITIATIVE.
3|Page
Redress Mechanism
If you are not satisfied with our service, your
written/verbal complaints shall immediately be
attended to by the Officer of the Day.
Feedback Mechanism
Please let us know how we have served you by
doing any of the following:
1.
Please accomplish the Investor/Client

complaint form.
Accomplish our HOW ARE WE DOING?

Customer Survey Form.
2.
The officer of the day will forward to the

Department Director for appropriate action.
Send your feedback through e-mail

(feedback@sec.gov.ph)
3.
Complaints on the SEC personnel concerned

shall first be addressed by the Department
Director and submitted to the Preliminary
Investigating Committee (PIC).
Talk to our OFFICER OF THE DAY
Drop your feedback or suggestion(s) at

our feedback/ complaint boxes.
In case you do not wish to talk to the Officer of the

Day, you may submit your written complaint through
our feedback/complaint drop boxes.
THANK YOU for helping us in our efforts to

continuously improve our services.
4|Page
Directory
__________________________________________________________________________________________
Securities and Exchange Commission
CONTACT INFORMATION OF OFFICIALS
DEPARTMENT/OFFICE
POSITION TITLE
CONTACT INFORMATION
TELEPHONE
EMAIL ADDRESS
OFFICE OF THE CHAIRPERSON AND COMMISSIONERS
SEC Chairperson
TERESITA J. HERBOSA
584-5343/
tjherbosa@sec.gov.ph
584-5767
SEC Commissioner
MANUEL HUBERTO B. GAITE
584-8142/
mbgaite@sec.gov.ph
584-6769
SEC Commissioner
ANTONIETA F. IBE
584-5008/
afibe@sec.gov.ph
584-7327
SEC Commissioner
EPHYRO LUIS B. AMATONG
584-6158/
elbamatong@sec.gov.ph
584-6857
SEC Commissioner
BLAS JAMES G. VITERBO
584-6896/
bjgviterbo@sec.gov.ph
584-8320
OFFICE OF THE COMMISSION SECRETARY
SEC Commission
Secretary
SEC General Counsel
SEC General
Accountant
FULL NAME
C.A GERARD M. LUKBAN

OFFICE OF THE GENERAL COUNSEL
CAMILO S. CORREA
584-8141/
584-5478/
gmlukban@sec.gov.ph
584-5348/
584-5418
cscorrea@sec.gov.ph
OFFICE OF THE GENERAL ACCOUNTANT

EMMANUEL Y. ARTIZA
584-9763
eyartiza@sec.gov.ph
5|Page
Office of the Director

Investigation and
Prosecution Division
Market Surveillance Division
Special Operations Division
Investment Products &
Services Division
Markets & Intermediaries
Division
Securities Registration
Division
Information Systems
Development &
Management Division
Systems Operation Division
Electronic Records
Management Division
ENFORCEMENT & INVESTOR PROTECTION DEPARTMENT

SEC Director
JOSE P. AQUINO
584-6337
jose.aquino@sec.gov.ph
SEC Asst. Director
584-6047/
584-5704
SEC Asst. Director
OLIVER O. LEONARDO
584-5324
SEC Division Head
ROSALINA T. TESORIO
584-7652
MARKET & SECURITIES REGULATION DEPARMENT
SEC Director
VICENTE GRACIANO P.
584-5703
FELIZMENIO, JR.
SEC Asst. Director
ARMANDO A. PAN, JR.
584-2016
llagustin@sec.gov.ph
SEC Division Head
EMMA A. VALENCIA
eavalencia@sec.gov.ph
SEC Division Head
MA. CRISTINA S. BAYHONGARCIA

KENNETH JOY A. QUIMIO
mcsbgarcia@sec.gov.ph
LEILA T. LAURETA-AGUSTIN
584-7164/
584-8178
SEC Division Head
584-6080/
584-8508
INFORMATION & COMMUNICATIONS TECHNOLOGY DEPARTMENT
Officer-in-Charge
LILIA O.PINZON
584-7204
SEC Division Head
GRACE MARTHA T.
AMBERONG
ooleonardo@sec.gov.ph
rttesorio@sec.gov.ph
vgpfelizmenio@sec.gov.ph
armandopanjr@sec.gov.ph
kjaquimio@sec.gov.ph
lopinzon@sec.gov.ph
gmtamberong@sec.gov.ph
SEC Asst. Director
VALERIE G. VALERIO
ISMA C. GONZALES
584-5285
vgvalerio@sec.gov.ph
icgonzales@sec.gov.ph
SEC Division Head
LEODEGARIA E. CANLAPAN
584-6543
lecanlapan@sec.gov.ph
6|Page
CORPORATE GOVERNANCE & FINANCE DEPARTMENT

Licensing Division
Monitoring Division
SEC Director
SEC Asst. Director
JUSTINA F. CALLANGAN
584-6103
justina.callangan@sec.gov.ph
LEONORA S. TANDOC
584-5950
584-5476/
584-9227
584-7264
lstandoc@sec.gov.ph
Corporate Governance
Division
ECONOMIC RESEARCH & TRAINING DEPARTMENT

VIRGILIO V. SALENTES
584-6220
SEC Director
Strategic Management &

Planning Division
SEC Division Head
ROSE ANNE S. ESPIRITU
584-7238
vvsalentes@yahoo.com/
vvsalentes@sec.gov.ph
rsespiritu@sec.gov.ph
Economic Research &

Statistic Division
Training Division
SEC Asst. Director
VIOLETA V. INFANTE
584-6117
vvinfante@sec.gov.ph
SEC Division Head
JERNEL R. MACATANGAY
584-7256
jrmacatangay@sec.gov.ph

Corporate & Partnership
Registration Division
Compliance Monitoring
Division
Financial Analysis & Audit
Division
Corporate Filing & Records
Division
Licensing Unit
COMPANY REGISTRATION & MONITORING DEPARTMENT

SEC Director
FERDINAND B. SALES
584-5811
584-5922/
584-0763
SEC Chief Counsel
MARY ANNE V. MORALES584-2887
LAGURA
SEC Division Head
YOLANDA L. TAPALES
584-5922/
584-8520
SEC Asst. Director
GERARDO F. DEL ROSARIO
584-8738/
584-8803
SEC Division Head
THELMA V. ALCORIZA
584-7187
fbsales@sec.gov.ph
mavmlagura@sec.gov.ph
yltapales@sec.gov.ph
gfdelrosario@sec.gov.ph
tvalcoriza@sec.gov.ph
7|Page

Green Lane Unit
Public Assistance Unit
Human Resource
Management &
Development Division
Medical/Dental Clinic
Learning Resource &
Information Division
General Services Division
SAMPAGUITA R. LADRIDO
584-5235
584-1119
HUMAN RESOURCE & ADMINISTATIVE DEPARTMENT
SEC Director
MARILYN PENEYRA-LIM
584-6165
SEC Asst. Director
SONIA E. DIAMANTE
584-6072/
584-5714
SEC Asst. Director
NOLIVIENNE C. ERMITAO
SEC Division Head
PEDRO ALFONSO DC.

REGULTO
Building Services Specialist

Procurement Division
SEC Asst. Director
SEC Director
Budget & Fiscal Division

Accounting Division
SEC Division Head

SEC Division Head
Treasury Division
SEC Division Head
584-5326
584-5994
584-1269
584-5516/
584-5608
FERDINAND A. JUGO
584-5826
FINANCIAL MANAGEMENT DEPARTMENT
ADELAIDA C. NAVARRO584-6585
BANARIA
THOURETH I. DELA CRUZ
584-5517
RENATO S. SANTOS
584-6101/
584-6058
DAISY B. PABUAYA
584-5548
srladrido@sec.gov.ph
mplim@sec.gov.ph
sediamante@sec.gov.ph
ncermitao@sec.gov.ph /
nolivienne@gmail.com
paregulto@sec.gov.ph
fajugo@sec.gov.ph
aida.banaria@sec.gov.ph
tidelacruz@sec.gov.ph
rssantos@sec.gov.ph
dbpabuaya@sec.gov.ph
8|Page
SEC EXTENSION OFFICES

LINDEZA R. ROGERO-GAVINO
CEBU
SEC Director
ILOILO
RUSSELL I. ILDESA
DAVAO
SEC Administrative
Officer
SEC Director
CAGAYAN DE ORO
SEC Director
RENATO V. EGYPTO
BAGUIO
SEC Director
ANNIE G. TESORO
LEGASPI
ZAMBOANGA
SEC Director
SEC Director
MARYLOU I. DUKA-CASTILLO
JESUS SALVADOR A. URO
TARLAC CITY
Acting Director
RICHARD R. LAUS
JAVEY PAUL D. FRANCISCO
(032) 253-5337/
(032) 253-6987
(033) 337-9984/
(033) 335-0025
(082) 298- 2170/
(082) 298-1983/
(088) 857-4325/
(088) 857-7725/
(074) 442-8170/
(074) 422-8171/
(052) 480-8272
(062) 991-7163/
(062) 993-1437
(045) 491-0140/
(045) 491-0102
lrgavino@sec.gov.ph
riildesa@sec.gov.ph
jpdfrancisco@sec.gov.ph
rvegypto@sec.gov.ph
agtesoro@sec.gov.ph
mdcastillo@sec.gov.ph
Isauro@sec.gov.ph
rrlaus@sec.gov.ph
9|Page

LIST OF FRONTLINE SERVICES
SEC Head Office
FRONTLINE SERVICES
FEES
Processing of
Application for Primary
Registration
Money Stamp P40.00 (Fees under

MC 9)
*Subject to
modification of
procedure
Monitoring
Procedure
Processing of
Application for
Accreditation as
appraisal company
Accreditation of
External
Auditor/Auditing Firm
Name Verification Slip
PROCESSING TIME (UNDER

NORMAL CIRCUMSTANCES
PER TRANSACTION)
10-20 minutes
Online users:
Name Reservation Notice
10-20 minutes
CPRDCRMD
FORMS
OFFICE IN
CHARGE
CPRDCRMD
Guidelines on the imposition of

fines dated July 31, 2002; SEC MC #
15 dated October 3,2006; SEC MC
# 1 of 2004
Auditing Firm
Filing Fee: P5,000.00
LRF* :
50.00
Total: 5,O5O.OO
CPRD/FAAD referral slip/CMD

monitoring slip
1 day (No penalty)

3 days after payment
(with penalty)
CMDCRMD
Application letter duly signed by

authorized officer
1 day and 1 hour
OGA
Auditing Firm
Group A
LRF*
:
200.00
Total
: P20,200.00
Auditing Firm
Initial Application- SEC Form AuF-002
(Revised 2009)
*Processing time exclude

mailing period to and from
the applicant.
2 days and 1 hour
OGA
Renewal Application- SEC Form AuF-002-R

(Revised 2009)
10 | P a g e
FRONTLINE SERVICES
FEES
FORMS

PER TRANSACTION
Group B
Filing Fee : P15,000.00
LRF*
:
150.00
TOTAL : P15,150.00
Group C or D
Filing Fee : P5,000.00
LRF*
:
50.00
TOTAL : P5,050.00
Individual ApplicantPractitioner
Group A
LRF*
:
50.00
TOTAL : P5,050.00
Individual Applicant- Practitioner

Initial Application SEC Form ExA-001R (Revised 2009)
Renewal Application SEC Form ExA001-R (Revised 2009)
Group B
LRF*
:
30.00
TOTAL : P3,030.00
Group C
LRF*
:
20.00
TOTAL : P2,020.00
*Legal Research Fee (LRF-10% of
Filing Fee)
11 | P a g e
OFFICE IN
CHARGE
FRONTLINE SERVICES
Issuance of Certificate of
Eligibility (CEO) on Special
Purpose Vehicle (SPV)
FEES
FORMS
For transfer to be made to an SPV

by financial institution under SEC
jurisdiction

PER TRANSACTION)
6 hours
OFFICE IN
CHARGE
OGA
Filing Fee- 0.50% of the transfer

price but not below P20,000.00
LRF* - 10% of Filing Fee
For Second Leg transfer
Filing Fee- 0.10% of the transfer
price but not below P5,000.00
LRF* - 10% of Filing Fee
Processing of Application
Registration of Securities
*Legal Research Fee

Not more than P500 Million: 0.10%
of the maximum aggregate price of
the securities to be offered
SEC Form 12-1
45 days after Filing of RS (if

complete)
More than P500 Million but not

more than P750 Million:
P500,000.00 plus 0.075% of the
excess over P500 Million
12 | P a g e
MSRD
FRONTLINE SERVICES
FEES
FORMS

PER TRANSACTION)
OFFICE IN
CHARGE
More than P750 Million but not

more than P1 Billion: P687,500 plus
0.05% of the excess over P750
Million
More than P1 Billion: P812,500 plus
0.025% of the excess over P1 Billion
Processing of Application
P50,500.00 including Legal
Registration as an Exchange/ Research Fee
Exchange-SRO; Clearing
Agency/Clearing AgencySRO
A.
For an Exchange/Exchange-SRO
and Amendment thereto:
SEC Form 33/33-SRO/33-A
B. For a Clearing Agency/Clearing
Agency-SRO and Amendment
thereto:
SEC Form 42-CA/42-SRO/42AMD
3 and months
MSRD
2 hours
CGFD
Payment Assessment Form (PAF)

Monitoring of Foundations
Amount of fines/penalties
Request Slip for Monitoring

Payment Assessment Form
Monitoring Sheet/Confirmation of
Payment Order
13 | P a g e
FRONTLINE SERVICES
Receipt and Filing of
Complaint
FEES
Filing Fee of P510
Public Assistance
Information Data Request
P220.00 ordinary
P5,200.00- special initial fee
deposit
Investor Complaints System
FORMS
Verified complaint w/ Certification on
Non-forum Shopping
PARU Inquiry Sheet/Form
PARU Action Referral and Return Slip
Data Request Form
PARU Investor Complaint Form
Purchase of Pin Mailer

Purchase of Service Stamps
P40.00 per Service Stamp
Payment of Fees for

Registration Transaction
Payment of Fees for NonRegistration Transaction
Receiving of Documents
Retrieval of Documents
AI P100
BL P100
GIS P25
Others P5/pages+ P20
P100/Pin Mailer
PARU Form 97-05

PER TRANSACTION)
1 hour or depends on the
subject of the Complaint
OFFICE IN
CHARGE
EIPD
5 minutes
CRMD
30 minutes
ICTD
25 minutes
CRMD
30 minutes
FMD
5 minutes
FMD
30 minutes
FMD
30 minutes
FMD
10 minutes
ICTD
40 minutes
ICTD
PARU Form 97-02

PARU Form 97-03
14 | P a g e
FRONTLINE SERVICES
FEES
AI P150
BL - P150
GIS P50
Others P5/pages + P20/doc.
FORMS

PER TRANSACTION)
Doc. From View

P50/doc w/certificate
P20 others
15 | P a g e
OFFICE IN
CHARGE
FUNCTIONS AND RESPONSIBILITIES

OF THE
COMPANY REGISTRATION AND MONITORING DEPARTMENT

The Department has a number of responsibilities under the Corporation Code and complimentary laws involving domestic and
foreign corporations and partnerships, which include the following:
Registers domestic corporations and partnerships;

Process applications for amendment of articles of incorporation/articles of partnership, by-laws, mergers and other corporate
activities that require the prior approval of the Commission
Process and approve applications for corporate reorganization;
Grants and revokes licenses for foreign corporations doing business in the Philippines under the Foreign Investments Act of
1991;
Grants and revokes licenses for multinational companies establishing regional headquarters in the Philippines under the
Omnibus Investment Code of 1987;
Grants secondary licenses of (i) lending companies; (ii) financing companies; (iii) brokers, dealers, their salespersons and
associated persons and (iv) investment houses;
Revokes certificates of incorporation for non-compliance with reportorial requirements and other pertinent laws implemented
by the Commission;
Monitors compliance by registered corporations with their reportorial responsibilities under the Corporation Code;
Maintains custody over registration documents and documents that it has acted upon or has been directly filed with it;
Undertakes special studies on corporate problems relating to registration, amendment of articles of incorporation, merger, and
other corporate activities and monitoring of corporations submitted to the Commission by the public and government agencies
and instrumentalities.
16 | P a g e
GREEN LANE (under the Office of the Director)
Registers corporations and partnerships within one (1) day except application requiring secondary license, application
with more than 40% foreign equity or subscriptions paid in modes other than cash.
CORPORATE AND PARTNERSHIP REGISTRATION DIVISION
Registers corporations and partnerships;

Processes applications for amendments of articles of incorporation / partnership, by-laws, mergers, voting trust
agreements and other corporate activities that require the prior approval of the Commission;
Handles petitions for correction of articles of incorporation, by-laws, amended articles of incorporation, and amended bylaws;
Handles petitions for revocation of amended articles of incorporation and amended by-laws;
Handles petitions for revocation of certificate of incorporation on the ground of fraud in the procurement thereof
(statement of false TIN/address);
Attends, as resource persons or lecturers, the Board of Investments and inter-agency meetings and private sectors
activities involving updates on rules/requirements on registration and investor assistance;
Answers legal queries on issues involving the Divisions functions;
Encodes data on applications for registration of corporation and partnerships; and
Performs such other functions as may be assigned by the Department Director, the Commission En Banc or the
Chairperson.
FINANCIAL ANALYSIS AND AUDIT DIVISION
Examines documents and/or analyzes financial statements of corporations with application for:
Articles of Incorporation (non-cash);
a.
Increase/Decrease of capital Stock;
b.
Confirmation of Valuation / Confirmation under 10.1;
c.
Merger and Consolidation;
d.
CRMD
17 | P a g e

e.
f.
g.
h.
Reclassification, declassification and conversion of shares and change in par value;

Dissolution;
Equity Restructuring and Quasi-Reorganization; and
Property Dividend Declaration;
Issues certificates of approval of applications for:
a.
b.
Equity Restructuring and Quasi-Reorganization; and

Property Dividend Declaration;
Issues Certificates on capital structure, paid-up capital and percentage of nationality ownership of corporations;
Answers queries on financial issues involving the Divisions functions; and
Performs such other functions as may be directed by the Department Director, the Commission En banc or the Chairperson.
CORPORATE FILING AND RECORDS DIVISION
Verifies and reserves proposed corporate, partnership and business names;
Receives applications and petitions relating to the Departments functions;
Registers Stock and Transfer/Membership Book;
Maintains the custody of official records of the Department and ensures the records are available upon request;
Issues Certifications on corporate registration and filing;
Issues Certifications on the status of corporations;
Authenticates copies of documents on file with the Commission as required by the public, different government agencies and by SEC
Internal Users;
CRMD
18 | P a g e
Encodes:
a.
b.
SEC internal documents, such as but not limited to Certificate of Payment, Registration of Stock and Transfer/
Membership Book, Petition for Correction, Order of Revocation, and Setting Aside of Order of Revocation;
Data of applications for amendments, increase/decrease of capital stock, mergers and quasi-reorganization;
c.
Data of corporations/partnerships registered with, and updates amendments approved by, the Extension Offices;
Attends court hearings in compliance with the subpoena and order issued by the courts;
Oversees destruction of records under appropriate law and the Commissions rules and regulations; and
Performs such other functions as may be directed by the Department Director, the Commission En banc or the Chairperson.
COMPLIANCE MONITORING DIVISION
Monitors compliance of domestic and foreign corporations without secondary licenses (except foundations) with the
Commissions reportorial requirements, and with the Corporation Code of the Philippines, Commissions rules and
regulations, and other pertinent laws implemented by the Commission;
Handles revocation of certificates of incorporation/licenses of domestic/foreign corporations without secondary
licenses (except foundations) for non-compliance with reportorial requirements;
Handles petitions to set aside order of revocation of certificate of incorporation of corporations;
Attends stockholders/members meetings upon request for the parties;
Attends court hearings in compliance with the subpoena or order issued by the courts;
Answers legal queries on issues involving the Divisions functions;
Researches and drafts rules and regulations relevant to the Divisions functions;
Performs such other functions as may be directed by the Department Director, the Commission En banc or the
Chairperson.
CRMD
19 | P a g e
LICENSING UNIT
Licenses foreign companies and multinational companies, processes applications for amendment of said licenses,
change of resident agent and withdrawal of licenses;
Licenses financing and lending companies, both for the main and branch offices;
Licenses Brokers and/or Dealers in securities, its branches, associated persons and salesmen; processes applications for
renewal of their respective licenses;
Licenses Investment Houses, Underwriter of Securities, Government Securities Eligible Dealers, Investment Company
Advisers, and Mutual fund Distributors, their branches, associated persons, compliance officers, salesmen and certified
investment solicitors; processes applications for renewal if their respective licenses;
Licenses Transfer Agents and processes applications for renewal of their respective licenses;
Licenses REIT Property Managers and REIT Fund Managers;
Encodes data on applications of foreign and multinational corporations for a license to do business in the Philippines;
Answers legal queries on matters involving the Units functions; and
Performs such other functions as may be directed by the Department Director, the Commission En banc or the
Chairperson.
Additional Functions:
PUBLIC ASSISTANCE CENTER (PAC)
Handles walk-in queries of the public on matters of registration applications/transaction directly handled by the
Department.
Refers issues or queries within the jurisdiction of the other core Departments.
RECEIVING/RELEASING UNIT
Receives/releases applications and other documents approved at CRMD
CRMD
20 | P a g e
LIST OF FRONTLINE SERVICES

1.
2.
3.
4.
5.
6.
7.
8.
Public Assistance Services

Name Verification Services
Green Lane Services
Processing of Applications for Primary Registration
Processing of Applications for Amendments
Processing of Applications of Foreign Corporations
Receiving, Releasing and Certification Services
Compliance Monitoring Services
PUBLIC ASSISTANCE CENTER (UNDER THE Office of the Director)

Schedule of Availability of Service:
8:00 to 5:00 p.m. (no noon break policy is observed) Monday- Friday
Who may Avail of the Service
Corporations or Partnerships, Foreign Corporations, Government Offices, Individual Person
How to Avail of the Service:
TYPE OF ASSISTANCE
Walk-In query
APPLICANT/CLIENT
Fill up Query Slip
SERVICE PROVIDER
Call service number on a first

come, first serve basis
DURATION OF ACTIVITY
(UNDER NORMAL
CIRCUMSTANCES)
Immediate
PERSON IN
CHARGE
SEC Complaints
Specialist
FORM
Query Slip
CRMD
21 | P a g e

TYPE OF ASSISTANCE
Referral to
appropriate division/
department
APPLICANT/CLIENT
SERVICE PROVIDER
Fill up Query Slip/

Referral Slip
Phone query
(UNDER NORMAL
CIRCUMSTANCES)
Call service number on a first

come, first serve basis
Immediate
Answer telephone calls on a

first come, first served basis
Immediate
PERSON IN
CHARGE
SEC Complaints
Specialist
FORM
Query Slip/
Referral Slip
SEC Complaints
Specialist
NAME VERIFICATION SERVICES

8:00 am to 5:00 pm Monday-Friday (no noon break)
Who may Avail of the Service:
Applicant corporations and partnerships thru their representatives
STEP
1.
APPLICANT/CLIENT
Secure service number and

fill-up Name Verification
Form
SERVICE PROVIDER
After the number has been called,

applicant submits the filled up request
form together with the money stamp to
verification officer;
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
5 minutes
Guard on
duty
FEES
FORM
None
Name
Verification
Form
CRMD
22 | P a g e

STEP
2.
APPLICANT/CLIENT
Proceed to waiting area

and wait for service
number to be called
SERVICE PROVIDER
Inputs proposed company name in the

system
If proposed name is allowed by the
system, the reservation and confirmation
notice is printed and given to the
applicant;
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
5 minutes/
company name
Verification
officer
FEES
FORM
None
P40.00- reservation for 30
days;
P80.00 reservation for 60
days;
P120.00 reservation for 90
days
Name
Verification
Form
Confirmation
Reservation
Notice
In case of disallowance of proposed

company name, the verification officer
verifies the other preferences of the
applicant. (maximum of three (3)
proposed names per number)
CRMD
23 | P a g e
PROCESSING OF APPLICATIONS FOR PRIMARY REGISTRATION OF

STOCK AND NON-STOCK CORPORATION AT THE GREEN LANE

8:00am to 5:00 pm Monday - Friday (no noon break)
All applicant corporations thru their representatives EXCEPT
a. Application requiring secondary license
b. Application with more than 40% foreign equity
c. Subscriptions paid in modes other than cash
What are the BASIC requirements:
1.
2.
3.
4.
5.
6.
Cover Sheet
Reservation Payment Confirmation
Articles of Incorporation (AI)
By-laws (BL)
Treasurers Affidavit (for stock)
Joint Undertaking to Change Name
CRMD
24 | P a g e

STEP
1.
2.
APPLICANT/CLIENT
Verify or reserve proposed

name
Present Articles of
Incorporation and By-Laws
/
at the Green Lane, 2 F, SEC
Bldg.
SERVICE PROVIDER

system, the reservation and
confirmation notice is printed and
given to the applicant;
Check the document presented. If

complete, advise the registrant to
pay the filing fee. If not, advise
applicant to comply with
requirements
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FEES
FORM
Name
Verification
Officer
P40.00- reservation
for 30 days;
P80.00 reservation
for 60 days;
120.00 reservation
for 90 days
Confirmation
Reservation
Notice
GL Processor
Filing fee for stock

corporation:
1/5 of 1% of the
authorized capital
stock but not less than
P1,000.00 plus 1% of
the amount as legal
research fee;
Registration fee for
By-Laws of stock
corporation is P510.00
Payment
Assessment
Form

Articles of
Incorporation and ByLaws of a non-stock
corporation is
P1,020.00
CRMD
25 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
3.
Pay filing fee at the Cashier

located at the 2/F, SEC Bldg.
and file application at the
Green Lane, located at the
2/F, SEC Bldg.
After receipt of application, GL staff

generates the Certificate of
Incorporation bearing applicants
SEC Registration No. and corporate
Tax Identification No.
4.
Present Official Receipt to

CRMD Releasing Unit, 2/F, SEC
Bldg. to get the Certificate of
Incorporation
The GL OIC reviews the application

and forwards it for approval of
CRMD Director
Sorts articles of incorporation and
by-laws with certificate of
incorporation for release to
applicant
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
GL Staff
FEES
FORM
None
Generated
Certificate of
Incorporation and
By-laws from the
i-register system
OIC GL
CRMD Director
Applications filed
before 11:00 AM
approved the
same day; filed
after 11:00AM,
approved not
later than 12 noon
of the following
working day.
CFRD Staff
None
Signed
Certificate of
Incorporation
and By-Laws
PROCESSING OF APPLICATIONS FOR PARTNERSHIP AT THE GREEN LANE

All applicant corporations thru their representatives EXCEPT
a. Application requiring secondary license
b. Application with more than 40% foreign equity
c. Subscriptions paid in modes other than cash
CRMD
26 | P a g e

1.
2.
3.
4.
Cover Sheet
Articles of Partnership (AP)

SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
STEP
APPLICANT/CLIENT
1.

name

given to the applicant
Name
Verification
Officer
2.
Present Articles of Partnership

at Green Lane, 2/F, SEC Bldg.

complete, advise the registrant to
pay the filing fee. If not, advise
requirements
GL Processor
FEES
FORM
P40.00- reservation
for 30 days;
P80.00 reservation
for 60 days;
120.00 reservation
for 90 days
Confirmation
Reservation Notice
Payment
Assessment Form
CRMD
27 | P a g e

STEP
APPLICANT/CLIENT
3.

nd
located at the 2 Floor and
file application at the Green
Lane, 2/F, SEC Bldg.
PERSON IN
CHARGE
FEES
Accepts Payment Assessment Form

and generates official receipt
HRAD Cashier
After receipt of the application, GL

staff generates the Certificate of
Recording of the Articles of
Partnership bearing applicants SEC
Registration No. and corporate Tax
Identification No.
GL Staff
Filing fee: 1/5 of 1% of

the Partnerships
capital but not less
than P1,000.00 plus
1% of the amount as
legal research fee
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
The GL OIC reviews the application

and forwards it for approval of
CRMD Director
4.

CRMD Releasing Unit, 2/F,
SEC Bldg.
to get the
Certificate of Recording of
the Articles of Partnership
Sorts articles of partnership with

Certificate of Recording of the
Articles of Partnership for release
to applicant
FORM
Official Receipt
Generates
Certificate of
Recording of the
Articles of
Partnership from
the i-register
system
GL OIC
CRMD Director
Applications filed
before 11:00 AM
approved the
same day; filed
after 11:00AM,
approved not
later than 12 noon
of the following
working day.
CFRD Staff
None
Signed Certificate
of Recording of
the Articles of
Partnership
CRMD
28 | P a g e

STOCK AND NON-STOCK CORPORATION
All applicant corporations thru their representatives
1.
2.
3.
4.
5.
6.
Cover Sheet
By-laws (BL)

STEP
APPLICANT/CLIENT
1.

name
SERVICE PROVIDER

given to the applicant;
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10 minutes
PERSON IN
CHARGE
FEES
FORM
Name
Verification
Officer
P40.00- reservation for

30 days;
P80.00 reservation
for 60 days;
120.00 reservation
for 90 days
Confirmation
Reservation Notice
CRMD
29 | P a g e
STEP
APPLICANT/CLIENT
SERVICE PROVIDER
2.
Present Articles of
Incorporation and By-Laws at
the Corporate and Partnership
/
Registration Division, 2 F, SEC
Bldg.

complete, advise the registrant to pay
the filing fee. If not, advise applicant
to comply with requirements
3.

and file application with
CRMD Receiving Unit, located
at the 2/F, SEC Bldg.
After receipt of application, CPRD

Incorporation bearing applicants SEC
Identification No.
Asst. Director reviews the application
and forwards it for approval of CRMD
Director
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10-20 minutes
5 minutes/
activity
PERSON IN
CHARGE
Securities
Specialist
CPRD Staff
FEES
FORM

corporation:
1/5 of 1% of the
authorized capital stock
but not less than
P1,000.00 plus 1% of
the amount as legal
research fee;
Registration fee for ByLaws of stock
Articles of
corporation is
P1,020.00
None
Payment
Assessment Form
Generated
Certificate of
Incorporation and
By-laws from the iregister system
Asst. Director
CRMD
Director
CRMD
30 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
4.

Incorporation
Sorts articles of incorporation and bylaws with certificate of incorporation

for release to applicant
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
PERSON IN
CHARGE
CFRD Staff
FEES
FORM
None
Signed
Certificate of
Incorporation and
By-Laws
PROCESSING OF APPLICATIONS
FOR PRIMARY REGISTRATION OF PARTNERSHIPS
1.
2.
3.
4.
Cover Sheet
Articles of Partnership (AP)
CRMD
31 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10 minutes
PERSON IN
CHARGE
1.

name

given to the applicant
Name
Verification
Officer
2.
Present Articles of Partnership

at the Corporate and
Partnership Registration
Division, 2/F, SEC Bldg.

the filing fee. If not, advise applicant
to comply with requirements
10-15 minutes
Securities
Specialist
3.

located at the 2nd Floor and
file application with the
Receiving Unit, CRMD located
Accepts Payment Assessment Form

5 minutes/
activity
HRAD Cashier
CPRD Staff
After receipt of the application, CPRD

Partnership bearing applicants SEC
Identification No.
The Asst. Director reviews the
application and forwards it for
approval of CRMD Director
FEES
FORM
P40.00- reservation for

30 days;
P80.00 reservation
for 60 days;
120.00 reservation
for 90 days
Confirmation
Reservation Notice
Payment
Assessment Form

the Partnerships
than P1,000.00 plus 1%
of the amount as legal
research fee
Asst.
Director/
CRMD
Director
Official Receipt
Generates
Certificate of
Recording of the
Articles of
Partnership from
the i-register
system
CRMD
32 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
4.

Partnership

Certificate of Recording of the Articles
of Partnership for release to applicant
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
PERSON IN
CHARGE
CFRD Staff
FEES
FORM
None
Signed Certificate
of Recording of the
Articles of
Partnership
PROCESSING OF APPLICATIONS FOR AMENDMENTS

OF STOCK AND NON-STOCK DOMESTIC CORPORATIONS
I. AMENDED ARTICLES OF INCORPORATION
1.
Cover Sheet
2.
Directors or Trustees Certificate a notarized document signed by a majority of the directors (in case of stock
corporations) or trustees (in case of non-stock corporations) and the corporate secretary, certifying (i) the
amendment of the Articles of Incorporation or By-laws and indicating the amended provisions, (ii) the vote of
the directors or trustees and stockholders or members, (iii) the date and place of the stockholders or
members meeting; and (iv) the tax identification number of the signatories which shall be placed below their
names.
CRMD
33 | P a g e

3.
Amended Articles of Incorporation/Amended By-lawsAll amendments/changes made shall be indicated by

underscoring the same followed by the date of the meeting approving the same (i.e. As amended on_____).
4. Notarized Secretarys Certificate on no pending case of intra-corporate dispute
5. Compliance Monitoring Division clearance
6. Secure and attach endorsement/clearance from other government agencies or other SEC Departments, if
applicable.
7. If the provision to be amended is the corporate name, secure Name Verification Slip from the Name
Verification and Reservation Unit, 2nd Floor, SEC Bldg.
8. Amendment of the Articles of Incorporation may be made on the following:
a. Corporate name
b. Purpose (Primary/Secondary)
c. Address
d. Number of directors/trustees
e. Authorized capital stock
II. AMENDED BY-LAWS
1. Amended By-laws
2. Directors or Trustees Certificate a notarized document signed by a majority of the directors or trustees and
the corporate secretary, certifying to (i) the amendment of the By-laws, indicating the amended provisions, (ii)
the vote of the directors or trustees and stockholders or members, (iii) the date and place of the stockholders
or members meeting, and (iv) the tax identification number of the signatories which shall be placed below
their names
Note: The following cannot be amended: names, citizenship and residences of the incorporators and/or directors/trustees; names, citizenship
and original subscription of the subscribers; names and contribution of each member; name of the designated Treasurer.
CRMD
34 | P a g e

STEP
APPLICANT/CLIENT
1.
Prepare Directors or Trustees

Certificate and Amended
Articles of Incorporation
and/or Amended By-laws
Secure Monitoring Clearance
from Compliance Monitoring
/
Division, located at the 2 F, SEC
Bldg.
2.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FEES
FORM
As stated in the
basic requirements
for amendments
Check compliance with reportorial
requirements;
Check for any double submission of
the General Information Sheet; and
Within 7 days
from date of
presentation of
complete
requirements
CMD Monitor
Payment of penalties
Payment
Assessment Form/
Monitoring Sheet
Determine existence of intracorporate disputes as provided under

the Guidelines on Double Submission
of GIS.
Note:
For Financing and Lending companies,
issuers of proprietary membership
(i.e. golf clubs) listed and public
companies and foundations,
monitoring shall be with the
Corporate Governance and Finance
Department located at the 11/F
For capital market participants such as
brokers, dealers and investment
houses, monitoring is with the Markets
Securities and Regulation Department
CRMD
35 | P a g e

STEP
APPLICANT/CLIENT
3.
Submit the (i)

Directors/Trustees Certificate;
(ii) Amended Articles of
Incorporation and/or Amended
By-laws; and the (iii)
Monitoring
Clearance to Corporate and
Division located at the 2/F, SEC
Bldg. for pre-processing
/
located at the 2 F, SEC Bldg.
4.
SERVICE PROVIDER
Check documents if compliant with

the provisions of the Corporation
Code of the Philippines and other
existing laws. If complete, advise
registrant to pay filing fee. If not,
advise applicant to comply with
requirements
Accept payment assessment form

DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
15-30 minutes
depending on the
complexity of
amendments
5 minutes
PERSON IN
CHARGE
FEES
FORM
Securities
Specialist
None
As stated in the
basic requirements
for amendments
HRAD Cashier
Registration fee for the

Amended Articles of
Incorporation is
P510.00.
Official Receipt

Amended Articles of
Incorporation where
amendment consists
of
extending the term of
corporate existence is
1/5 of 1% of the
authorized capital
stock
CRMD
36 | P a g e

but not less than
P2,000.00 plus 1% of
such amount as legal
research fee.
Amended Articles of
Incorporation where
there is conversion or
reclassification of
shares is P2,020.00.
5.
File the application with CRMD

Receiving Unit, located at the
2/F, SEC Bldg
After receipt of the application, the

same shall be forwarded to the
Corporate Filings and Records
Division (CFRD) for the verification
and production of applicants
corporate records on file with the
Commission.
For corporations registered from
1996 onwards whose records are
available in the Commissions
database, production of documents
may take 1 to 2 days. However, for
corporations whose records are not
available in the database, production
of documents may take longer as the
same shall be secured from the SEC
offsite warehouse.
5-10 minutes
CFRD Staff

Amended By-laws is
P510.00.
None
CRMD
37 | P a g e

After receipt of the application, the
same shall be forwarded to the
Corporate Filings and Records
Commission.
database, production of documents
may take 1 to 2 days. However, for
corporations whose records are not
available in the database, production
of documents may take longer as the
same shall be secured from the SEC
offsite warehouse.
Thereafter, the application with the
attached records shall be
transmitted
to CPRD for the generation of the
Certificate of Filing of Amended
Articles of Incorporation and/or Bylaws.
The Assistant Director will review
the application and forward it to the
CRMD Director for approval
Printed Certificate
of Filing of
Amended Articles
of Incorporation
and/or By-laws
Asst. Director
CRMD
Director
CRMD
38 | P a g e

STEP
6.
APPLICANT/CLIENT

CRMD Releasing Unit, located
/
at the 2 F, SEC Bldg. to get the
SERVICE PROVIDER
Sorts articles of incorporation and/or

by-laws with Certificate of Filing of
Amended Articles of Incorporation
and/or Certificate of Filing of
Amended By-laws for release to
applicant
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
Certificates may
be claimed within
five (5) days from
filing of
application from
the CRMD
Releasing Unit.
However, for
corporate records
not available in
the database, the
release of the
Certificate of
Filing may vary.
PERSON IN
CHARGE
CFRD Staff
FEES
FORM
None
Signed Certificate of
Filing of the
Amended Articles
of Incorporation
and/or By-laws
PROCESSING OF APPLICATIONS
FOR AMENDMENTS OF PARTNERSHIPS
All applicant partnerships thru their representatives
CRMD
39 | P a g e

1. Cover Sheet
2. The Amended Articles of Partnership shall be signed by all partners and duly notarized.
If the amendment pertains to the transfer or assignment of interest(s), or the withdrawal, resignation or death of any partner,
the document evidencing said fact shall be submitted in support of the application
STEP
APPLICANT/CLIENT
1.
Prepare the Amended

Articles of Partnership
2.
Submit the Amended

Articles of Partnership at
the Corporate and
Division (CPRD), located at
the 2/F, SEC Bldg. for preprocessing.
located at the 2/F, SEC
Bldg.
3.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FEES
FORM
As stated in the
basic requirements
for amendments
Check the documents if compliant
with the Civil Code provisions on
partnership and other existing laws. If
complete, advises registrant to pay
filing fee. If not, advises applicant to
comply with requirements.
5 minutes
Securities
Specialist
Prepares Payment Assessment Form
1 minute
HRAD Cashier
Registration fee
P1,010.00;
Payment
Assessment Form/
Official Receipt
For increase of capital:

1/5 of 1% of the
increase in capital but
not less than P1,000.00
plus LRF
CRMD
40 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
4.
File the application with the

CRMD Receiving Unit
Bldg.
After receipt of the application by

CFRD, the records on file shall be
attached and transmitted to CPRD for
the generation of the Certificate of
Recording of Amended Articles of
Partnership.
5.

CRMD
Releasing
Unit
Bldg. to get the Certificate
of Recording of Amended
Articles of Partnership.
The Asst. Director will review the

application and forward it to the
CRMD Director for approval.
Amended Articles of Partnership for
release to applicant
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10-15 minutes
PERSON IN
CHARGE
FEES
FORM
CFRD Staff
Printed Certificate
of Recording of
Amended Articles
of Partnership
CPRD Staff
Asst. Director
CRMD Director
Certificate may be
claimed within 5
days from the filing
of application with
the CRMD
Receiving Unit
CFRD Staff
None
Signed Certificate
of Recording of
Amended Articles
of Partnership.
PROCESSING OF INCREASE/DECREASE OF AUTHORIZED CAPITAL STOCK

1. Certificate of Increase of Capital Stock signed by majority of the directors and certified by Chairman and Corporate
Secretary of the stockholders meeting;
CRMD
41 | P a g e

2. Treasurers Affidavit certifying the increase of capital stock, the amount subscribed and the amount received as
payment thereto;
3. List of stockholders as of the date of the meeting approving the increase, indicating the nationalities of the
subscribers and their respective subscribed and paid-up capital on the existing authorized capital stock certified by the
corporate secretary;
4. Amended Articles of Incorporation;
5. Notarized Secretarys Certificate on no pending case of intra-corporate dispute;
6. Directors Certificate a notarized document signed majority of the directors and the corporate secretary certifying (a)
the amendment of the Articles of Incorporation increasing the authorized capital stock, (b) the votes of the directors
and the stockholders, and (c) the date and place of the stockholders meeting.
7. Notarized Secretarys Certificate certifying that all of the non-subscribing stockholders waived their respective preemptive rights/resolution by the stockholders representing at least 2/3 of the outstanding capital stock approving (the
mode of payment made)
8. Monitoring clearance from Financial Analysis and Audit Division
Under M. C. No. 6, series of 2012
- Subscription Contract
Additional requirements depending on the kind of payment on subscription
STEP
APPLICANT/CLIENT
1.
Prepares the (i) basic requirements

and (ii) additional requirements
depending on the mode of
payment on subscription
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FEES
FORM
As stated in the
basic
requirements and
additional
requirements
CRMD
42 | P a g e
STEP
APPLICANT/CLIENT
SERVICE PROVIDER
2.
Secure Monitoring Clearance from

Financial Analysis and Audit
Division or Compliance Monitoring
nd
Division , 2 Flr, SEC Bldg.
Examiner determines
compliance with reportorial
requirements, checks double
submission of General
Information Sheets and
determines existence of
intra-corporate dispute as
provided in the Guidelines
on Double Submission of
GIS
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
15-30 minutes
PERSON IN
CHARGE
FEES
FORM
FAAD Examiner
or
CMD Monitor
Monitoring
Sheet
NOTE: For financing

companies, issuers of
proprietary or nonproprietary membership and
foundations, monitoring shall
be done at the Investor
Protection and Surveillance
Department;
For listed and public
companies, monitoring is
done at the Corporate
Governance and Finance
Department;
For capital market
participants such as brokers,
dealers and investment
houses, monitoring is done
at the Markets Securities and
Regulation Department
CRMD
43 | P a g e
STEP
APPLICANT/CLIENT
SERVICE PROVIDER
3.
Pay assessed fee at the Cashier


for payment of penalties
4.
Submit the (i) basic requirements

and (ii) Additional requirements
with
Monitoring Clearance at
nd
FAAD or CMD, 2 Flr, SEC Bldg.
Checks if the documents, if

compliant with the
provisions of the
Corporation Code of the
Philippines and other
existing laws. If complete,
advises applicant to pay
filing fee. If not, advises
requirements
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
4-8 hours
depending on the
complexity of the
application
PERSON IN
CHARGE
FEES
FORM
HRAD Cashier
Confirmation of
Payment of
Penalties
FAAD Examiner
or
CPRD Processor
For applications to be
approved by FAAD, if the
documents are complete,
FAAD Examiner will prepare
the report and submit to
the Assistant Director for
review,
if
approved,
applicant will be advised to
pay the filing fee.
CRMD
44 | P a g e

STEP
APPLICANT/CLIENT
5.
Pay filing fee at the Cashier located

/
at the 2 F, SEC Bldg.
SERVICE PROVIDER
Prepares Payment
Assessment Form
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
PERSON IN
CHARGE
FAAD Examiner
or
CPRD Processor
FEES
FORM
Registration fee
for Increase of
Capital Stock is
1/5 of 1% of the
increase in capital
stock or
subscription
price, whichever
is higher, but not
less than
P1,000.00 plus 1
% LRF and
P510.00 for the
Payment
Assessment Form
Amended Articles
of Incorporation
For computation
of filing fee of
other applications
aside from
increase of capital
stock, please refer
to SEC
Memorandum
Circular No. 9,
series of 2004
CRMD
45 | P a g e
STEP
APPLICANT/CLIENT
SERVICE PROVIDER
6.
File the application with the CRMD

/
Receiving Unit located at the 2 F,
SEC Bldg.
After receipt of the

application, the same is
forwarded to CFRD for
verification and production
of applicants records on
file. Thereafter the
application with the
attached records shall be
transmitted to FAAD and/or
CPRD for the generation of
Certificate of
Increase/Decrease of
Authorized Capital Stock
and Certificate of Filing of
Amended Articles of
Incorporation and/or Bylaws.
The Asst. Director will
review the application and
forward it to the CRMD
Director for approval
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10-20 minutes
PERSON IN
CHARGE
FEES
FORM
CFRD Staff
Certificate of
Filing of Amended
Articles of
Incorporation
and/or By-laws
FAAD Staff or
CPRD Staff
Asst. Director
CRMD Director
CRMD
46 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
7.
Present Official Receipt to CRMD

Releasing Unit, 2/F, SEC Bldg. to
get the Certificate of Filing of
Amended Articles of Incorporation
and/or By-laws
Sorts the Certificate of

Authorized Capital Stock and
Certificate of Filing of
Amended Articles of
Incorporation and/or By-laws
with all pertinent documents
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
PERSON IN
CHARGE
CFRD Staff
FEES
FORM
None
Signed
Certificate of
Increase/
Decrease of
Authorized
Capital stock and
Certificate of
Filing of
Amended
Articles of
Incorporation
and/or By-laws
PROCESSING OF APPLICATIONS OF FOREIGN CORPORATIONS

Registrant foreign corporations thru their representatives
A. Branch Office & Representative Office
1. Cover Sheet
2. Name Verification Slip
3. Application Form (AF)
F-103: for Stock Branch Office (SBO)
F-104: for Stock Representative Office (SRO)
F-108: For Non-Stock Branch Office and Representative Office, including
Foundations (NBO & NRO)
CRMD
47 | P a g e
4.
Authenticated copy of the Board Resolution

authorizing the establishment of Branch/Representative Office in the Philippines
5.
6.
7.
designating the resident agent to whom summons and other legal processes may be served in behalf of the
foreign corporation
stipulating that in the absence of such agent or upon cessation of its operation in the Philippines, any
summons or legal processes may be served to SEC as if the same is made upon the corporation at its
home office
Authenticated copies of the Articles of Incorporation/Partnership with an English translation if foreign
language other than English
Financial Statements
for the immediately preceding year at the time of filing of the application
audited by an independent Certified Public Accountant of the home country
authenticated before the Philippine Consulate/Embassy
Compliance with Financial Ratios
SBO
Ratio
Solvency
Liquidity
Debt to Equity
Formula
Total
Assets/Total
Liabilities
Current
Assets/Current
Liabilities
Total
Liabilities/Equity
SRO, NBO & NRO

Ratio
Formula
Solvency
Total Assets/Total
Liabilities
Benchmark Value
1:1
1:1
3:1
Benchmark Value
1:1
CRMD
48 | P a g e
NOTES:
8.
9.
10.
11.
12.
B.
If Solvency Ratio is not within the Benchmark Value: application is rejected.

If Liquidity Ratio and/or Debt to Equity Ratio is/are not within the Benchmark Value: submit PhP1M
Surety Bond
Notarized Proof of inward remittance such as bank certificate of inward remittance or credit advices (for
SBO & SRO)
Affidavit of undertaking to change corporate name (not required if already stated in the AF)
Resident Agent's (RA) acceptance of appointment (not required if RA is the signatory to the AF)
Indorsement/Clearance from appropriate government agencies
Additional requirements for Foundations
a. Notarized Certificate Bank Deposit of the amount of not less than PhP1M
b. Statement of Willingness to allow the Commission to conduct an audit
RHQ & ROHQ

1.
2.
3.
4.
5.
6.
7.
Cover Sheet
Application Form (AF)
Certification from the Philippine Consulate/Embassy or the Philippine Commercial Office or from the equivalent
office of the Philippine DTI in the applicants home country that said foreign firm is an entity engaged in
international trade with affiliates, subsidiaries or branch offices in the Asia Pacific Region and other foreign
markets; in case the Certification is issued by the equivalent office of the DTI, the same shall be authenticated by
the Philippine Consulate/Embassy
Authenticated Certification from principal officer of the foreign entity to the effect that the said foreign entity
has been authorized by its board of directors or governing body to establish its RHQ/ROHQ
Affidavit of undertaking to change corporate name (not required if already stated in the AF)
Indorsement from the Board of Investments
CRMD
49 | P a g e

Notes:
Submit original + 3 copies
Use A4 size bond paper
All documents executed abroad should be authenticated by the Philippine Embassy or Consular Office
Only applications, which are complete and compliant in form and substance, shall be issued the Payment
Assessment Form.
How may the services be availed of:
STEP
APPLICANT/CLIENT
1.
Applicant presents ALL

accomplished documentary
requirements for preprocessing at the Licensing
Unit (LU)
2.
3.
SERVICE PROVIDER
LU Officer of the Day (OD) takes

the application to the LU Division
Head (DH) for assignment.
LU DH assigns the application to LU

Specialist (and Financial Specialist,
for SBO).
Applicant waits to be called
by the Specialist
LU Specialist (and LU Financial

Specialist, for SBO) pre-processes/
evaluates the application
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
1 minute
1 minute
1 hour
PERSON IN
CHARGE
FEES
FORM
LU Officer of
the Day
F-103: for SBO

104: for SRO
F-108: for
NBO/NRO
RHQ AF
ROHQ AF
All documentary
requirements
LU Division
Head
LU Specialist/
Financial
Specialist
All documentary
requirements
CRMD
50 | P a g e

4.
LU Specialist issues the Payment

Assessment Form (PAF)
1 minute
LU Specialist/
Financial
Specialist
1. Filing Fees (FF):

SBO:
Payment
Assessment Form
1% of the actual
inward remittance
converted into
Philippine currency
but not less than
P2,000
SRO:
1/10 of 1% of the
actual inward
remittance converted
into Philippine
currency but not less
than P2,000
NBO & NRO:
P2,000
RHQ:
P5,000
ROHQ:
1% of the actual
inward remittance
but not less than 1%
of peso equivalent of
US$200,000 at the
time of remittance
2. Legal Research Fee:
For ALL Applications:
1/10 of 1% of the FF
but not less than
P10.00
CRMD
51 | P a g e

STEP
APPLICANT/CLIENT
5.
Applicant pays license fees to

FMD Cashier and files
application with Corporate
Filing and Records Division,
Company Registration and
Monitoring Department
(CFRD)
7.
8.
Applicant claims the License

from CFRD
(Official Receipt must be
presented)
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FEES
FORM
FMD Cashier
CFRD
Support Staff
Upon receipt of application from
the CFRD,LU Specialist prepares
the License, and the Financial
Specialist prepares the Checklist of
Requirements , which contains the
financial report for SBO (Checklist)
LU DH valuates/reviews the License
and(Checklist for SBO), and initials
the same.
CRMD Director reviews/signs the
License.
6.
9.
SERVICE PROVIDER
5 days
5 days
2 days
LU
Specialist/
Financial
Specialist
License
Checklist
LU Division
Head
License
Checklist
CRMD
Director
License
CFRD
Support Staff
License
CRMD
52 | P a g e
MONITORING SERVICES
Filipino citizens, resident and non-resident aliens, at least 18 years of age
What are the MONITORING requirements:
1.
2.
3.
4.
Stock and Transfer Book/Membership Book

General Information Sheet (GIS)
Audited Financial Statement (AFS)
Original Articles of Incorporation and By-Laws/ Latest Amended Articles of Incorporation and/or Amended By-Laws

STEP
APPLICANT/CLIENT
1.
Applicant fills up the

Request Slip for
Monitoring and submission
of documents for
monitoring
2.
SERVICE PROVIDER
Monitor checks the requirements

submitted and accepts the same if
complete.
Release of the final Monitoring Sheet

and Payment Assessment Form, if for
payment and without further
corrections or If there is no penalty.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10-20 minutes
After 5 working
days
PERSON IN
CHARGE
FEES
FORM
CMD Staff;
CMD Monitor
Document Index
List
CMD Staff;
CMD Monitor
Monitoring
Sheet/Payment
Assessment Form
CRMD
53 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
3.
Applicant complies with the

additional requirements if
there are deficiencies or
corrections found in the
initial assessment.
Applicant pays the assessed
penalties
Release of the final Monitoring Sheet
4.
5.
6.
Present Official Receipt
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
30 minutes
PERSON IN
CHARGE
FEES
FORM
CMD Staff;
CMD Monitor
Prepare the Confirmation of Payment

of Fines (COP)
Review and sign COP
2 minutes
Support Staff
5 minutes
Release of the COP and MS
2 minutes
Division Head/
Assistant
Director
Support Staff
Monitoring
Sheet/Payment
Assessment Form
Confirmation of
Penalties
RECEIVING AND RELEASING PROCESS

Corporations or Partnerships, Foreign Corporations, Government Offices, Individual Persons
What are the requirements:
Conforms with the physical filing criteria
CRMD
54 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
Get service number
Present application
documents/Official Receipt
Call service number on a first come,

first serve basis
Receive/release
approved application
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
1 minute
1 minute
PERSON IN
CHARGE
FEES
FORM
CFRD Support
Staff
CFRD Support
Staff
CERTIFICATION PROCESS
Corporations or Partnerships, Foreign Corporations, Government Offices, Individual Persons
CRMD
55 | P a g e

STEP
APPLICANT/CLIENT
Get service number
Fill up request for

certification form
3
4
SERVICE PROVIDER
Call service number on a first come,

first serve basis
Receive request form
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
1 minute
CFRD Support Staff
1 minute
CFRD Support Staff
Check company status

2 minutes
CFRD Support Staff
2 minutes
CFRD Support Staff
Prepare Certificate
10-20 minutes
CFRD Specialist II
7
8
Review Certification
Sign Certification
15-30 minutes
5-10 minutes
CFRD Specialist III

CFRD Assistant
Director or CRMD
Director
CFRD Support Staff
Present official receipt to

secure Certificate of
Corporate Filing and
Information
FEES
FORM
Request for
certification form
CFRD Support Staff
Prepare Payment Assessment Form

(PAF)
Receive application form with
payment
Pay required certification

fee
Present application form
with payment
PERSON IN
CHARGE
2-5 minutes
P300.00
Payment
Assessment Form
Signed Certificate
CRMD
56 | P a g e
SATELLITE OFFICE
Services offered:
Verifies and reserves proposed corporate, partnership and business names;
Registers corporations;
Registers partnerships;
Processes applications for amendments of articles of incorporation, partnership, by-laws and increase of authorized capital;
Monitors compliance of domestic corporations with application for amendment of the articles of incorporation, by-laws and
increase of authorized capital stock;
Receives/releases applications and other documents approved at CRMD
Handles walk-in queries of the public on matters of registration applications/transaction directly handled by the Department.
Performs such other functions as may be assigned by the Department Director.
NAME VERIFICATION SERVICES (SATELLITE OFFICE)

10:00 am to 6:00 pm Mondays to Fridays (no noon break)
Who may avail of the Service:
Applicant corporations and partnerships thru their representatives
CRMD
57 | P a g e

How to avail of the service:
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
STEP
APPLICANT/CLIENT
SERVICE PROVIDER
1.
Fill-up Name Verification Form
Applicant submits the filled up request

form together with the money stamp to
verification officer
5 minutes
Inputs proposed company name in the

system
5 minutes/
Satellite Office
company name
Verification officer
Satellite Office
FEES
FORM
None
Name Verification
Form
None
Name Verification
Form
P40.00- reservation
for 30 days;
Confirmation
Reservation Notice
Support Staff

applicant;
P80.00
reservation for 60
days;
P120.00
reservation for 90
days
In case of disallowance of proposed

company name, the verification officer
verifies the other preferences of the
applicant. (maximum of three (3)
proposed names per number)
CRMD
58 | P a g e

STOCK AND NON-STOCK CORPORATION AT THE GREEN LANE
(SATELLITE OFFICE)

1.
2.
3.
4.
5.
6.
Cover Sheet
By-laws (BL)
CRMD
59 | P a g e

STEP
1.
APPLICANT/CLIENT

name
SERVICE PROVIDER

applicant;
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10 minutes
PERSON IN
CHARGE
Satellite Officer
Name Verification
Officer
FEES
FORM
P40.00- reservation
for 30 days;
Confirmation
Reservation Notice
P80.00
reservation for 60
days;
120.00
reservation for 90
days
2.
Present Articles of
Incorporation and By-Laws at
the SEC Satellite Office

the filing fee. If not, advise applicant to
comply with requirements
10-20 minutes
Satellite Office
Securities Specialist

corporation:
Payment Assessment
Form
1/5 of 1% of the
authorized capital
stock but not less than
P1,000.00 plus 1% of
the amount as legal
research fee;
By-Laws of stock
Articles of
corporation is
P1,020.00
CRMD
60 | P a g e

STEP
APPLICANT/CLIENT
3.
Pay filing fee thru cashiers or

managers check at SEC
Satellite Office or designated
banking institutions e.i.
LandBank, Union Bank or other
payment facilities
SERVICE PROVIDER
After receipt of application, CPRD staff

generates the Certificate of
Incorporation bearing applicants SEC
Identfication No.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes/
Present Official Receipt to the

SEC Satellite Office to get the
Certificate of Incorporation
Sorts articles of incorporation and bylaws with certificate of incorporation for

CPRD Staff
FEES
FORM
None
Generated Certificate
of Incorporation and
By-laws from the iregister system
None
Signed
activity
Asst. Director
Asst. Director reviews the application

and forwards it for approval of CRMD
Director
4.
PERSON IN
CHARGE
CRMD Director
5 minutes
Satellite Office
Support Staff/CPRD
Staff
Certificate of
Incorporation and
By-Laws
CRMD
61 | P a g e
PROCESSING OF APPLICATIONS FOR PARTNERSHIP

(SATELLITE OFFICE)
1. Cover Sheet
2. Reservation Payment Confirmation
3. Articles of Partnership (AP)
4. Joint Undertaking to Change Name
STEP
1.
APPLICANT/CLIENT

name
SERVICE PROVIDER
If proposed name is allowed by

the system, the reservation and
confirmation notice is printed
and given to the applicant
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10 minutes
PERSON IN
CHARGE
Satellite Office
Name
Verification
Officer
FEES
FORM
P40.00- reservation
for 30 days;
P80.00 reservation
for 60 days;
120.00 reservation
for 90 days
Confirmation
Reservation
Notice
CRMD
62 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
2.
Present Articles of
Partnership at the SEC
Satellite Office
Check the document presented.

If complete, advise the registrant
to pay the filing fee. If not, advise
requirements
3.
Pay filing fee thru cashiers

or managers check at SEC
Satellite Office or
designated banking
institutions e.i. LandBank,
Union Bank or other
payment facilities
Accepts Payment Assessment

Form and generates official
receipt
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10-15 minutes
5 minutes/activity
After receipt of the application,

CPRD staff generates the
Articles of Partnership bearing
applicants SEC Registration No.
and corporate Tax Identification
No.
PERSON IN
CHARGE
FEES
FORM
Satellite Office
Securities
Specialist
SEC Cashier/
Designated
Banks and
other payment
facilities
CPRD Staff
Payment
Assessment
Form

the Partnerships
than P1,000.00 plus
1% of the amount as
legal research fee
Official Receipt
None
Signed
Certificate of
Recording of
the Articles of
Partnership
Asst. Director/
Generates
Certificate of
Recording of
the Articles of
Partnership
from the iregister system
CRMD Director
The Asst. Director reviews the
application and forwards it for
approval of CRMD Director
4.

SEC Satellite Office to get
the Certificate of Recording
of the Articles of
Partnership

Articles of Partnership for release
to applicant
5 minutes
CFRD
Staff/Satellite
Office Support
Staff
CRMD
63 | P a g e
PROCESSING OF APPLICATIONS FOR AMENDMENT OF STOCK AND

NON-STOCK DOMESTIC CORPORATIONS (SATELLITE OFFICE)
I.
AMENDED ARTICLES OF INCORPORATION

1. Cover Sheet
2. Directors or Trustees Certificate a notarized document signed by a majority of the directors (in case of stock
corporations) or trustees (in case of non-stock corporations) and the corporate secretary, certifying (i) the amendment of
the Articles of Incorporation or By-laws and indicating the amended provisions, (ii) the vote of the directors or trustees and
stockholders or members, (iii) the date and place of the stockholders or members meeting; and (iv) the tax identification
number of the signatories which shall be placed below their names.
3. Amended Articles of Incorporation/Amended By-lawsAll amendments/changes made shall be indicated by underscoring
the same followed by the date of the meeting approving the same (i.e. As amended on_____).
5. Monitoring clearance at the SEC Satellite Office
6. Secure and attach endorsement/clearance from other government agencies or other SEC Departments, if applicable.
7. If the provision to be amended is the corporate name, secure Name Verification Slip from the Name Verification and
Reservation Unit, SEC Satellite Office
8. Amendment of the Articles of Incorporation may be made on the following:
a.) Corporate name
b.) Purpose (Primary/Secondary)
CRMD
64 | P a g e

c.) Address
d.) Number of directors/trustees
e.) Authorized capital stock
II.
AMENDED BY-LAWS
1. Amended By-laws
2. Directors or Trustees Certificate a notarized document signed by a majority of the directors or trustees and the corporate
secretary, certifying to (i) the amendment of the By-laws, indicating the amended provisions, (ii) the vote of the directors or
trustees and stockholders or members, (iii) the date and place of the stockholders or members meeting, and (iv) the tax
identification number of the signatories which shall be placed below their names
Note: The following cannot be amended: names, citizenship and residences of the incorporators and/or directors/trustees; names, citizenship
and original subscription of the subscribers; names and contribution of each member; name of the designated Treasurer.
CRMD
65 | P a g e

STEP
APPLICANT/CLIENT
1.
Prepare Directors or Trustees

Certificate and Amended
Articles of Incorporation and/or
Amended By-laws
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
FEES
FORM
As stated in the basic

requirements for
amendments
CRMD
66 | P a g e
STEP
APPLICANT/CLIENT
2.
Secure Monitoring Clearance at

the SEC Satellite Office
SERVICE PROVIDER
Check compliance with

reportorial requirements;
Check for any double
submission of the General
Information Sheet; and
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
Within 7 days
from date of
presentation of
complete
requirements
PERSON IN CHARGE
Satellite Office
FEES
FORM
Payment of penalties
Payment Assessment
Form/ Monitoring Sheet
Determine existence of intracorporate disputes as

provided under the
Guidelines on Double
Submission of GIS.
Note:
For Financing and Lending
proprietary or nonproprietary membership (i.e.
golf clubs) listed and public
companies and foundations,
monitoring shall be with the
Corporate Governance and
Finance Department located
at the 11/F
For capital market
participants such as brokers,
dealers and investment
houses, monitoring is with
the Markets Securities and
Regulation Department at
the 6/F, SEC Bldg.
CRMD
67 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
3.
Submit the (i)

Directors/Trustees Certificate;
(ii) Amended Articles of
Incorporation and/or Amended
By-laws; and the (iii) Monitoring
Clearance to SEC Satellite Office
for pre-processing
Check documents if
compliant with the
provisions of the
Corporation Code of the
Philippines and other
existing laws. If
complete, advise
registrant to pay filing
fee. If not, advise
requirements
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
15-30 minutes
depending on the
complexity of
amendments
PERSON IN CHARGE
Satellite Office
FEES
None
FORM

requirements for
amendments
CRMD
68 | P a g e

4.

managers check at SEC Satellite
Office or designated banking
institutions e.i. LandBank, Union
Bank or other payment facilities
Accept payment
assessment form and
generates official receipt
5 minutes
SEC Cashier/Designated
Bank and other
payment facilities

Amended Articles of
Incorporation is
P510.00.
Official Receipt

Amended Articles of
Incorporation where
amendment consists of
extending the term of
corporate existence is
1/5 of 1% of the
authorized capital stock
but not less than
P2,000.00 plus 1% of
such amount as legal
research fee.

Amended Articles of
Incorporation where
there is conversion or
reclassification of
shares is P2,020.00.
Amended By-laws is
P510.00.
CRMD
69 | P a g e

STEP
5.
APPLICANT/CLIENT
File the application to the SEC

Satellite Office
SERVICE PROVIDER

the same shall be forwarded to
the Corporate Filings and Records
Commission.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5-10 minutes
PERSON IN CHARGE
Satellite Office Staff/
FEES
FORM
None
CPRD Staff

database, production of
documents may take 1 to 2 days.
However, for corporations whose
records are not available in the
database, production of
documents may take longer as the
same shall be secured from the
SEC offsite warehouse.
Thereafter, the application with
the attached records shall be
transmitted to CPRD for the
generation of the Certificate of
Filing of Amended Articles of
Incorporation and/or By-laws.
The Assistant Director will review
the application and forward it to
the CRMD Director for approval
Asst. Director
CRMD Director
Printed Certificate of Filing

of Amended Articles of
Incorporation and/or Bylaws
CRMD
70 | P a g e

6.
Present Official Receipt to SEC

Satellite Office to get the
Certificate of Approval of
Amendment
Sorts articles of
incorporation and/or by-laws
with Certificate of Filing of
Amended Articles of
Incorporation and/or
Amended By-laws for
Certificates may
be claimed within
five (5) days from
filing of
application from
the SEC Satellite
Office Releasing
Unit. However,
for corporate
records not
available in the
database, the
release of the
Certificate of
Filing may vary.
Satellite Office Staff/

CFRD Staff
None
Signed Certificate of Filing

of the Amended Articles
of Incorporation and/or
By-laws
PROCESSING OF APPLICATIONS FOR AMENDMENT OF PARTNERSHIPS

(SATELLITE OFFICE)
CRMD
71 | P a g e

1. Cover Sheet
2. The Amended Articles of Partnership shall be signed by all partners and duly notarized.
If the amendment pertains to the transfer or assignment of interest(s), or the withdrawal, resignation or death of any partner, the
document evidencing said fact shall be submitted in support of the application.
STEP
1.
APPLICANT/CLIENT
SERVICE
PROVIDER
(UNDER NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
Prepare the Amended

FEES
FORM

requirements for
amendments
CRMD
72 | P a g e
STEP
APPLICANT/CLIENT
SERVICE
PROVIDER
2.
Submit the Amended Articles

of Partnership at the SEC
Satellite Office for preprocessing.
Check the
documents if
compliant with
the Civil Code
provisions on
partnership and
other existing
laws. If complete,
advises registrant
to pay filing fee. If
not, advises
applicant to
comply with
requirements.
3.

managers check at SEC
Satellite Office or designated
banking institutions e.i.
LandBank, Union Bank or
other payment facilities
Prepares
Payment
Assessment Form
(UNDER NORMAL
CIRCUMSTANCES)
5 minutes
1 minute
PERSON IN
CHARGE
FEES
FORM
Satellite Office
Securities
Specialist
Designated
Banking
Institutions
and other
payment
facilities
Registration
fee P1,010.00;
Payment Assessment
Form/
Official Receipt
For increase of
capital: 1/5 of
1% of the
increase in
capital but not
less than
P1,000.00 plus
LRF
CRMD
73 | P a g e
STEP
4.
5.
APPLICANT/CLIENT
File the application to the

SEC Satellite Office

SEC Satellite Office to get the
Certificate of Recording of
Amended Articles of
Partnership.
SERVICE
PROVIDER
After receipt of
the application by
CFRD, the records
on file shall be
attached and
transmitted to
CPRD for the
generation of the
Certificate of
Recording of
Amended Articles
of Partnership.
The Asst. Director
will review the
application and
forward it to the
CRMD Director
for approval.
Sorts articles of
partnership with
Certificate of
Recording of the
Amended Articles
of Partnership for
release to
applicant
(UNDER NORMAL
CIRCUMSTANCES)
10-15 minutes
PERSON IN
CHARGE
FEES
Satellite
Support Staff
FORM
Printed Certificate of
Recording of Amended
CPRD Staff
Asst. Director
CRMD Director
Certificate may be
claimed within 5 days
from the filing of
application with the SEC
Satellite Office
Receiving Unit
Satellite Office
Staff/
CFRD Staff
None
Recording of Amended
Articles of Partnership.
CRMD
74 | P a g e
PROCESSING OF INCREASE/DECREASE OF AUTHORIZED CAPITAL STOCK (SATELLITE OFFICE)

1.
Certificate of Increase of Capital Stock signed by majority of the directors and certified by Chairman and Corporate Secretary of
the stockholders meeting;
2.
Treasurers Affidavit certifying the increase of capital stock, the amount subscribed and the amount received as payment thereto;
3.
List of stockholders as of the date of the meeting approving the increase, indicating the nationalities of the subscribers and their
respective subscribed and paid-up capital on the existing authorized capital stock certified by the corporate secretary;
4.
Amended Articles of Incorporation;
5.
Notarized Secretarys Certificate on no pending case of intra-corporate dispute;
6.
Directors Certificate a notarized document signed majority of the directors and the corporate secretary certifying (a) the
amendment of the Articles of Incorporation increasing the authorized capital stock, (b) the votes of the directors and the
stockholders, and (c) the date and place of the stockholders meeting.
CRMD
75 | P a g e

7.
Notarized Secretarys Certificate certifying that all of the non-subscribing stockholders waived their respective pre-emptive
rights/resolution by the stockholders representing at least 2/3 of the outstanding capital stock approving (the mode of payment
made)
8.
Monitoring clearance from the SEC Satellite Office
Under M,C. No. 6, series of 2012

-
Subscription Contract
Additional requirements depending on the kind of payment on subscription

STEP
APPLICANT/CLIENT
1.
Prepares the (i) basic

requirements and (ii) additional
requirements depending on the
mode of payment on
subscription
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FEES
FORM

requirements and
additional
requirements
CRMD
76 | P a g e
STEP
2.
APPLICANT/CLIENT
Secure Monitoring Clearance

from SEC Satellite Office
SERVICE PROVIDER
Examiner determines
compliance with reportorial
requirements, checks double
submission of General
Information Sheets and
determines existence of intracorporate dispute as provided
in the Guidelines on Double
Submission of GIS
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
15-30 minutes
PERSON IN
CHARGE
Satellite Office
Staff
FEES
FORM
Monitoring Sheet
NOTE: For financing

proprietary or non-proprietary
membership and foundations,
monitoring shall be done at the
Investor Protection and
Surveillance Department;
For listed and public
companies, monitoring is done
at the Corporate Governance
and Finance Department;
For capital market participants
such as brokers, dealers and
investment houses, monitoring
is done at the Markets
Securities and Regulation
Department
CRMD
77 | P a g e
STEP
APPLICANT/CLIENT
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
3.

Payment Assessment Form for

payment of penalties
5 minutes
Designated
Banking
Institutions or
payment facilities
4.
Submit the (i) basic

requirements and (ii) Additional
requirements with Monitoring
Clearance
Checks if the documents, if

compliant with the provisions
of the Corporation Code of the
Philippines and other existing
laws. If complete, advises
applicant to pay filing fee. If
not, advises applicant to
comply with requirements.
4-8 hours
depending on the
complexity of the
application
Satellite Office
Processor
FEES
FORM
Confirmation of
Payment of Penalties
CRMD
78 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
5.

Prepares Payment Assessment

Form
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
PERSON IN
CHARGE
Designated
Banking
Institutions or
payment facilities
FEES
FORM

Increase of Capital
Stock is 1/5 of 1% of
the increase in capital
stock or subscription
price, whichever is
higher, but not less
than P1,000.00 plus 1
% LRF and P510.00 for
the Amended Articles
of Incorporation
Payment Assessment
Form
For computation of
filing fee of other
applications aside
from increase of
capital stock, please
refer to SEC
Memorandum Circular
No. 9, series of 2004
6.
File the application with the SEC

Satellite Office

the same is forwarded to CFRD
for verification and production of
applicants records on file.
Thereafter the application with
the attached records shall be
transmitted to CPRD for the
generation of Certificate of
Increase/Decrease of Authorized
Capital Stock and Certificate of
Filing of Amended Articles of
Incorporation and/or By-laws.
The Asst. Director will review the
application and forward it to the
CRMD Director for approval.
10-20 minutes
Satellite Office
Staff/CFRD Staff
Amended Articles of
Incorporation and/or
By-laws
CPRD Staff
Asst. Director
CRMD Director
CRMD
79 | P a g e

STEP
APPLICANT/CLIENT
SERVICE PROVIDER
7.
Present Official Receipt to SEC

Satellite Office to get the
By-laws
Sorts the Certificate of

Authorized Capital Stock and
By-laws with all pertinent
documents
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
PERSON IN
CHARGE
CPRD Staff/
Satellite Office
Staff
FEES
None
FORM
Increase/
Decrease of
Authorized Capital
stock and
Amended Articles of
Incorporation
and/or By-laws
CRMD
80 | P a g e
FUNCTION AND RESPONSIBILITIES

OF THE
OFFICE OF THE GENERAL ACCOUNTANT
Acts as lead office in the adoption and implementation of financial reporting and auditing standards and practices based on global
framework;
Prepares opinions, clarifications and replies to public queries with respect to financial reporting and audit issues;
Accredits external auditors or auditing firm, appraisal companies, credit rating agencies and other independent professionals or experts
engaged by corporations regulated by the Commission;
Monitors compliance with rules by external auditors and auditing firms, appraisal companies, credit rating agencies and
other experts accredited by the Commission;
Evaluates financial statements of corporations that may be referred by the Departments;
Renders advice to the Departments, upon request, on financial reporting and related matters;
Formulates rules and guidelines on quality assurance review of work of accredited experts or professionals, and implements the
same to determine compliance;
Evaluates applications for, and issues, certificates of eligibility under the Special Purpose Vehicle law;
Maintains custody over documents it has acted on, or are directly filed with it, unless otherwise directed by the En Banc;
Performs such other functions as may be assigned by the En Bane or the Chairperson
a.
b.
Undertakes rule-making and standard-setting assignments pertinent to the quality assurance review system
All previous functions as may be retained by the Office except the evaluation of applications for, and issues certificates of
eligibility under the Special Purpose
81 | P a g e
ACCREDITATION OF APPRAISAL COMPANIES

8:00am-5:00pm Mondays-Fridays (without noon break)
Who May Avail of the service
Appraisal companies
a. Notarized application for accreditation;
b. Company profile indicating the history, scope of services, list of key officers and technical staff, bio-data of the
executive/certifying officers;
c. Copy of license of the certifying property value issued by the Professional Regulatory Board of Real Estate
Service or if applicable, copy of license of the appraisal company issued by the Department of Trade and
Industry;
d. Certificate of good standing issued by a registered association of property values and appraisal companies;
e. List of existing and past clients;
f. Certifications from at least two (2) commercial banks or two (2) public companies or secondary licensees
that they have engaged the services of the appraisal company;
g. Notarized certification of the appraisal signed by its President that the company meets all the qualification
requirements under Sec. 2 of the Guidelines on Property Valuations; that it has not been declared liable by the
Commission or by any competent court for violation of the Corporation Code or the Securities Regulation
Code and that the company or any of its directors/executive officers has no adverse judgment on any
administrative, civil or criminal case involving its appraisal business;
h. Latest audited financial statements; and
i. Copy of at least one Appraisal Report issued.
OGA
82 | P a gCRMD
e

How to Avail of the Services:
STEP
APPLICANT/CLIENT
PRE-EVALUATION PROCEDURES
1.
Secures checklist of
requirement from the OGA.
2.
Presents application and

supporting documents
SERVICES PROVIDER
Provides client a checklist of requirements with

instructions.
1.
2.
3.
Present the PAF at the

Cashier and settles the
required fee
4.
Submits the machinevalidated PAF to OGA with

the application and its
Pre-evaluates application and supporting

documents.
a. If application and supporting
documents are not complete, the same
are returned to applicant with list of
requirement not complied with
b. If application and supporting document
are complete, the Officer of the Day
clears application for payment of the
prescribed fees (proceeds to No. 2)
Prepares Payment Assessment Form (PAF)
and instructs applicant to
process payment and issue O.R
Processes payment and issues O.R
1.
2.
Checks contents and stamps receive

the three (3) sets of application
document
Returns one (1) copy of the application
document to the client.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
5 minutes
Officer of the Day of

OGA
30 minutes

OGA
FEES
Application
letter duly
signed by
authorized
officer
10 minutes
Executive Assistant
10 minutes
5 minutes
Cashier
Filing Fee:
P5,000.00
UPLRF: 50
TOTAL P5,050
Executive Assistant
FORM
OGA
83 | P a gCRMD
e
STEP
APPLICANT/CLIENT
PROCESSING PROCEDURE
1.
SERVICES PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
Inputs application to Index Tracking System and

forwards the same to the supervising
Accountant for assignment.
5 minutes
-do-
2.
Forwards documents to assigned personnel
5 minutes
Supervising
Accountant
3.
Reviews application and supporting documents

using the OGAs Evaluation Sheet. If complete
and qualified, GO TO STEP 9
2 minutes
Assigned Personnel
4.
If not compliant, prepares comment letter to

the applicant
5.
Review s comment letter
5 minutes
6.
Signs comment letter
5 minutes
Supervising
Accountant
General Accountant
7.
If no compliance is made within the prescribed

period (allow a 30-day mailing and reply period
from date of letter):
a. Prepares a letter denying the
application for failure to comply with
the requirements.
b. Reviews letter
10 minutes
-do-
5 minutes
Supervising
Accountant
General Accountant
c.
Signs letter
FEES
-do-
5 minutes
OGA
84 | P a gCRMD
e
FORM

STEP
APPLICANT/CLIENT
8.
9.
10.
11.
12.
SERVICES PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
If there is a submission but still not fully

compliant with the requirement, GO TO STEP 4
but with a written warning that shall result to
the denial of the application
If applicant fully complies with the
requirements and presents all original
documents for authentication against
submitted photocopies with application,
prepares Memorandum to En Banc (through
Supervising Commissioner).
Reviews Memorandum
2 hours
Assigned Personnel
2 hours
-do-
10 minutes
Signs and present Memo to the Commission En

Banc for consideration
Receives advice of the resolution of the
Commission on the application
50 minutes
Supervising
Accountant
General Accountant
30 minutes
Assigned Personnel
FEES
If approved, GO TO STEP 13.

a. If denial / deferred:
Denial: Notifies the applicant of the
denial and reasons thereof
Deferment: Notifies the applicant
of the deferment and requirement
to be complied with or necessary
action to correct the deficiency:
GO TO STEP 4 and onwards.
OGA
85 | P a gCRMD
e
FORM
STEP
APPLICANT/CLIENT
13.
Present authority to receive
the certificate
SERVICES PROVIDER
Prepares Certificates of Accreditation
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
10 minutes
Executive Assistant
a.
b.
Prints two (2) copies

Initials on copies
10 minutes
3 minutes
Executive Assistant
Assigned Personnel
c.
Initials on copies
2 minutes
d.
Signs certificates
5 minutes
Supervising
Accountant
General Accountant
e.
Notifies applicant that the Certificate

may be picked up (in case of
representative, subject to presentation
of authorization letter)
5 minutes
Executive Assistant
f.
Releases Certificate of accreditation

and forwards duplicate file to clerk
10 minutes
-do-
g.
Logs in registry of Accredited Appraisal

Companies; informs Index Tracking
Personnel of the issuance of the
certificate.
5 minutes
-do-
h.
Provides MIS with updated list
30 minutes
-do-
i.
Updates tracking system
30 minutes
Index Tracking
Personnel
FEES
END OF TRANSACTION
OGA
86 | P a gCRMD
e
FORM

Duration:
Pre-evaluation of application:
Processing of application:
Mailing period (estimate):
Total duration:
1 hour
1 day
30 days
31 days and 1 hour
ACCREDITATION OF CREDIT RATING AGENCIES

8:00am-5:00pm, Mondays to Fridays (no noon break)
Who May Avail of the Service:
Credit Rating Agencies
What Are the Requirements:
a. Notarized application for accreditation;
b. Applicant should be a stock corporation and have a minimum paid-up capital of at least Ten Million Pesos (P10,000,000.00);
c. List of shareholders and their corporate affiliations;
d. List of other business activities, if any;
e. Copies of its Articles of Incorporation and By-Laws;
f. Sworn statement on the following:
1. Ownership structure and possible conflicts of interest;
2. Names, professional qualifications and independence of the staff involved in the rating decision ("rating
specialists");
3. Disclosure of affiliations, training, assistance or support it receives from international rating agencies, if any;
OGA
87 | P a CRMD
ge

g. Written code of conduct that can ensure the independence of the rating specialists and the rating agency from
the Issuers it is rating;
h. Rating scales, criteria, measurements, symbols and related assessment devices it uses;
i. Operating procedures, rating policies, rating criteria and other rationale used in arriving at a rating;
j. Copy of model written agreement with Issuers;
k. Manual on Corporate Governance.
How to Avail of the Services:
STEP
APPLICANT / CLIENT
1.
Secures checklist of
requirement from the OGA
SERVICE PROVIDER
Provides client a checklist of requirement

with instruction.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES
5 minutes
PERSON IN CHARGE
FEES

OGA
FORM
Application
letter duly
signed by
authorized
officer
OGA
88 | P a gCRMD
e
STEP
APPLICANT / CLIENT
2.
supporting document
SERVICE PROVIDER
1. Pre-evaluates application and supporting

document.
a. If application and supporting
documents are not complete the
same returned to applicant with list of
requirements not complied with
b. If application and supporting
documents are complete, the Officer
of the Day clears application for
payment of the prescribed fees
(proceeds to No.2)
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES
30 minutes
Presents the PAF at the

required fee
4.

supporting document
Process payment and issue s O.R
1.
Checks contents and stamps

receive the three (3) sets of
application document
2.
Returns one (1) copy of the

application document to the
client.
FEES

OGA
10 minutes
2. Prepares Payment Assessment Form

(PAF) and instructs applicant to proceed
to the Cashier
3.
PERSON IN CHARGE
Executive Assistant
10 minutes
Cashier
5 minutes
Executive Assistant
Filing Fee:
P50,000
UPLRF: 500
TOTAL
P50,500
OGA
89 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
1.
2.
3.
4.
5.
6.
7.
SERVICE PROVIDER
PERSON IN CHARGE
Inputs application to Index Tracking

System and forwards the same to the
supervising Accountant for assignment.
Forwards
documents
to
assigned
personnel
Reviews application and supporting
documents using the OGAs Evaluation
Sheet. If complete and qualified, GO TO
STEP 9
If not compliant, prepares comment letter
to the applicant
Review comment letter
5 minutes
-do-
5 minutes
Supervising
Accountant
Assigned Personnel
Signs comment letter

If no compliance is made within the
prescribed period (allow a 30-day mailing
and reply period from date of letter):
a. Prepares a letter denying the
application for failure to comply
with me the requirements.
5 minutes
Supervising
Accountant
General Accountant
10 minutes
-do-
5 minutes
Supervising
Accountant
5 minutes
2 hours
General Accountant
Assigned Personnel
b. Reviews letter
8.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES
c. Sign letter
If there is a submission but still not fully
compliant with the requirement, GO TO
STEP 4 but with a written warning that
shall result to the denial of the application
2 hours
FEES
-do5 minutes
OGA
90 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
9.
10.
11.
12.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES
PERSON IN CHARGE
If applicant fully complies with the

requirements and presents all original
documents for authentication against
submitted photocopies with application,
prepare Memorandum to En Banc
(through Supervising Commissioner).
Reviews Memorandum
2 hours
-do-
10 minutes
Signs and presents Memorandum to the

Commission En Banc for consideration
Commission on the application
50 minutes
Supervising
Accountant
General Accountant
30 minutes
Assigned Personnel
FEES
If approved, GO TO STEP 13.

a. If denial / deferred:
Denial: Notifies the applicant of
the denial and reasons thereof.
Deferment: Notifies the applicant
of
the
deferment
and
requirement to be complied with
or necessary action to correct the
deficiency: GO TO STEP 4 and
onwards.
OGA
91 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
13.
Presents authority to
receive the certificate
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES
PERSON IN CHARGE
FEES
Prepares Certificates of Accreditation

a.
b.
c.
Prints two (2) copies

Initials on copies
Initial on copies
10 minutes
3 minutes
2 minutes
d.
Log in registry of Accredited

Appraisal Companies; informs
Index Tracking Personnel of the
issuance of the certificate.
Provide MIS with updated list
Updated tracking system
5 minutes
Executive Assistant
Assigned Personnel
Supervising
Accountant
General Accountant
5 minutes
10 minutes
Executive Assistant
-do-
5 minutes
-do-
30 minutes
-do-
30 minutes
Index Tracking
Personnel
e.
f.
END OF TRANSACTION
Duration:
Total duration:
1 hour
1 day
30 days__________
31 days and 1 hour
OGA
92 | P a gCRMD
e
FORM
REQUEST FOR EXEMPTIVE RELIEF

Corporations or Other Interested Parties with Request for EXEMPTIVE Relief
1. Letter-Request for EXEMPTIVE; and
2. Supporting Documents, if any
How to avail of the Service:
STEP
APPLICANT / CLIENT
PRE-EVALUATION PROCEDURE
1
Presents letter-request for
EXEMPTIVE relief and
supporting document
2
Presents the PAF at the Cashier

and settles the required fee
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
Prepares Payment Assessment 10 minutes

Form (PAF) and instructs applicant
to proceed to the Cashier
Executive
Assistant
Cashier
10 minutes
FEES
FORM
Letter duly
signed by
authorized
officer/ person
Filing Fee:
P20,000.00
OGA
CRMD
93 | P a g e
STEP
APPLICANT / CLIENT
1.
Submits the machine-validated
PAF to the OGA with the
application and its supporting
document, if any
2.
3.
4.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
Inputs Letter-Request for

EXEMPTIVE Relief or Memorandum
referred by the Operating
Department to Index Tracking
System and forwards the same to
the Supervising Accountant for
assignment.
Forwards document to assigned
personnel
Evaluates the request.
3 minutes
Executive
Assistant
2 minutes
Supervising
Accountant
In case of complete supporting

documents and justification,
prepares a Memorandum for
presentation to the Commission En
Banc containing the results of
evaluation and recommendation
4 hours
Assigned
Personnel
In case of incomplete justification

with supporting documents,
prepares Advisement Letter to the
requesting party that the subject
matter is under evaluation and may
require additional submission of
documents.
Reviews Advisement Letter or
Memorandum for presentation to
Commission En Banc
16 hours
30 minutes
FEES
FORM
Supervising
Accountant
OGA
94 | P a gCRMD
e
STEP
APPLICANT / CLIENT
5.
6.
7.
8.
SERVICE PROVIDER
Reviews and signs Advisement Letter

or Memorandum
If there is a submission of additional
documents, GO TO STEP 3
Presents Memorandum to the
Commission En Banc for
consideration
Receives advice of the Resolution
from Commission En Banc
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
10 minutes
1 hour
10 minutes
PERSON IN
CHARGE
FEES
FORM
General
Accountant
Assigned
Personnel
General
Accountant
30 minutes
Assigned
Personnel
9.
Prepares Advisement Letter

containing the resolution of the
Commission En Banc, notifying the
party whether the request has been
approved or denied
Reviews Advisement Letter
30 minutes
10.
Reviews and signs Advisement Letter
10 minutes
11.
Logs/Updates Index Tracking System
2 minutes
Supervising
Accountant
General
Accountant
Executive
Assistant
END OF TRANSACTION
Duration:
Processing of request:
20 minutes
1-3 days
30 days
OGA
95 | P a gCRMD
e
REQUEST FOR OPINION ON ACCOUNTING MATTERS

Corporations or Other Interested Parties with Request for Opinion on Accounting Matters
1. Letter-Request for Opinion; and
2. Supporting Documents, if any
STEP
APPLICANT / CLIENT
PRE-EVALUATION PROCEDURE
1.
Presents letter-request
for opinion and
supporting document
2.
Present the PAF at the

required fee
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
Prepares Payment Assessment

Form (PAF) and instructs
application to proceed to the
Cashier
10 minutes
Executive
Assistant
10 minutes
Cashier
FEES
FORM
Letter duly signed

by authorized
officer/ person
Filing Fee:
P5,000.00
OGA
96 | P a gCRMD
e
STEP
APPLICANT / CLIENT
1.
Submits the machinevalidated PAF to the
OGA with the LetterRequest and its
supporting document, if
any
2.
3.
4.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
SERVICE PROVIDER
PERSON IN
CHARGE
Inputs Letter-Request for Opinion or

Memorandum referred by the
Operating Department to Index
Tracking System and forwards the
same to the Supervising Accountant
for assignment.
Forwards document to assigned
personnel
Evaluates the request for opinion.
3 minutes
Executive
Assistant
2 minutes
Supervising
Accountant
In case of the simple case and/or

no additional documents are
needed for the evaluation,
prepares an Advertisement Letter
or Memorandum containing the
results of the evaluation
4 hours
Assigned
Personnel
In case of complex case and/or

additional documents or further
research are needed, prepares
Advisement Letter to requesting
party that the subject matter is
under evaluation and may require
additional
submission
of
documents
16 hours
Reviews Advisement
Memorandum
30 minutes
Letter
or
FEES
Supervising
Accountant
OGA
97 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
5.
6.
7.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
Reviews and signs Advisement

Letter or Memorandum
10 minutes
General
Accountant
If there is a submission of additional

documents, GO TO STEP 3
Logs/Updates Index Tracking System
1 hour
Assigned
Personnel
Executive
Assistant
2 minutes
FEES
END OF TRANSACTION
Duration:
Processing of request:
20 minutes
1-3 days
30 days
OGA
98 | P a gCRMD
e
FORM

ACCREDITATION OF EXTERNAL AUDITOR/ AUDITING FIRMS
Auditing Firms
Individual Practitioners/External Auditors
INDIVIDUAL
a.
b.
c.
d.
e.
Fully accomplished application form for external auditor (SEC Form ExA-001- Revised 2009)
Certificate of Registration as public practitioner issued by the BOA
Copies of certificates of participation in seminars/trainings
Quality Assurance Manual
In case of Group A, B, and C accreditation, notarized certification that the applicant has fundamental
knowledge of the regulatory requirements on each of the other secondary licensees of the Commission.
f. Copies of Audited Financial Statements (AFS) of the applicant's two (2) largest clients in terms of assets.
g. Certificate of Accreditation issued by the BANGKO SENTRAL NG PILIPINAS (BSP) and Insurance Commission (IC)
- for those availing the mutual recognition of accreditation.
AUDITING FIRM
1.
2.
3.
4.
5.
Fully accomplished application form for auditing firm (SEC Form AuF-002- Revised 2009).
Certificate of Registration issued by the BOA to the firm that is current and effective.
Quality Assurance Manual.
Copies of Audited Financial Statements (AFS) of the firm's two (2) largest clients in terms assets.
Certificate of Accreditation issued by the BANGKO SENTRAL NG PILIPINAS (BSP) and Insurance Commission (IC) for those availing the mutual recognition of accreditation.
OGA
99 | P a gCRMD
e

STEP
APPLICANT / CLIENT
1.
Secures application form
from the OGA.
SERVICE PROVIDER
Provides client application

from, and checklist of
requirements.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
5 minutes
PERSON IN CHARGE
Officer of the Day

OGA
FEES
FORM
Auditing Firm
Initial
Application
SEC Form AuF002 (revised
2009)
Auditing Firm
Initial
Application SEC
Form AuF-002
(revised 2009)
OGA
100 | P a gCRMD
e
STEP
APPLICANT / CLIENT
2.
SERVICE PROVIDER
1. Pre-evaluates application
and supporting
documents.
a. If application and
are not complete, the
same are returned to
applicant with the list of
requirements not
complied with
b. If application and
are complete, the
Officer of the Day
clears application for
payment of the
prescribed fees
(proceeds to no.2)
2. Prepares Payment
Assessment Form (PAF)
and instructs applicant to
proceed to the Cashier
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN CHARGE
30 minutes

OGA
10 minutes
Executive Assistant
FEES
FORM
OGA
101 | P a gCRMD
e
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
3.
Presents the PAF at the
required fee
Process payment and

issue O. R.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
10 minutes
PERSON IN CHARGE
Cashier
FEES
Auditing Firm
Group A
Filing Fee:
P20,000.00
LRF* 200.00
Total
P20,200.00
Group B
Filing Fee:
P15,000.00
LRF* : 150.00
TOTAL :
P15.150.00
Group C or D
Filing Fee :
P5,000.00
LRF* : 50.00
TOTAL : P5,050.00
OGA
CRMD
102 | P a g e
FORM
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN CHARGE
FEES
Individual Applicant
Practitioners
Group A
Filing Fee :
P5,000.00
LRF* : 50.00
TOTAL : P5,050.00
Group B
Filing Fee :
P3,000.00
LRF* : 30.00
TOTAL : P3,030.00
Group C or D
Filing Fee :
P2,000.00
LRF* : 20.00
TOTAL : P2,020.00
*Legal Research Fee
(LRF-10% of Filing
Fee)
OGA
103 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
4.
supporting document
SERVICE PROVIDER
1. Checks contents and

stamps and receives the
three (3) sets of
application document
2.
3.
4.
5.
6.
PERSON IN CHARGE
4 minutes
Executive Assistant
1 minutes
-do-
Inputs application to Index

Tracking System and
forwards the same to the
supervising Accountant for
assignment.
Forwards documents
3 minutes
Executive Assistant
2 minutes
Reviews application and

supporting documents using
the OGAs Evaluation Sheet
Prepares comment letter to
applicants
Reviews comment letter and
Memorandum
Reviews and sign comment
letter and Memorandum
4 hours
Supervising
Accountant
Assigned Personnel
2. Returns one (1) copy of

the application
1.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
FEES
-do5 minutes
5 minutes
Supervising
Accountant
General Accountant
OGA
104 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
7.
8.
SERVICE PROVIDER
If no compliance is made
within the prescribed period
(allow a 30-day mailing and
reply period from date of
letter):
a. Prepares a letter
denying the application
for failure to comply
with the requirements.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN CHARGE
10 minutes
Assigned Personnel
b. Reviews letter
5 minutes
Supervising
Accountant
c. Signs letter
5 minutes
General Accountant
2 hours
Assigned Personnel
If there is a submission but

still not fully compliant with
the requirement, GO TO
STEP 4 but with a written
warning that shall result to
the denial of the application
FEES
OGA
105 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
9.
10.
11.
12.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN CHARGE
For Group A/B,

prepares Memo
random to the
Commission En Banc
(through Supervising
Commissioner) then GO
TO STEP 10, 11, and 14.
For Group C/D, finalize
s evaluation Sheet for
Submission to
Supervising
Commissioner, then GO
TO STEP 12, 13, and 15.
Reviews Memorandum
2 hours
-do-
10 minutes
Supervising
Accountant
Signs
and
present
Memorandum
to
the
consideration
Reviews Evaluation Sheet
20 minutes
General Accountant
10 minutes
Supervising
Accountant
FEES
FORM
If no compliance is
made within the
prescribed period
(allow a 30-day
mailing and reply
period from date of
letter):
OGA
106 | P a CRMD
ge
STEP
APPLICANT / CLIENT
13.
14.
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN CHARGE
Signs final Evaluation Sheet

and Forwards to Supervising
Commissioner for approval
20 minutes
General Accountant
Receives advice of the

resolution of the
Commission En Banc on the
application for A/B:
a. If approved, GO TO
STEP 16.
30 minutes
Assigned Personnel
FEES
b. If denial / deferred:
Denial: Notifies the
applicant of the
denial and reasons
thereof.
Deferment: Notifies
the applicant of the
deferment and
requirement to be
complied with or
necessary action to
correct the
deficiency: GO TO
STEP 4-6 and 8
onwards.
OGA
107 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
15.
SERVICE PROVIDER
Receives advice of the

recommendation of the
Supervising Commissioner
on the application for C/D:
a. If approved, GO TO
STEP 16.
b. If denial / deferred:
Denial: Notifies the
applicant of the
denial and reasons
thereof.
Deferment:
Notifies the
applicant of the
deferment and
requirement to be
complied with or
necessary
action to correct
the deficiency: GO
TO STEP 4-6 and 8
onwards.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
30 minutes
PERSON IN CHARGE
FEES
Assigned Personnel
OGA
108 | P a gCRMD
e
FORM
STEP
APPLICANT / CLIENT
16.
Present authority to
receive the certificate
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN CHARGE
FEES
Prepares Certificates of
Accreditation (group
A/B/C/D)
a.
Prints two (2)
copies
10 minutes
Executive Assistant
2 minutes
Assigned Personnel
3 minutes
Supervising
Accountant
5 minutes
General Accountant
10 minutes
-do-
5 minutes
-do-
b. Initials on copies
c. Initials on copies
d. Signs certificates
e. Notifies applicant that
the Certificate may be
picked up (in case of
representative, subject to
presentation of
authorization letter)
f. Releases Certificate of
Accreditation and
forwards duplicate file to
Clerk
OGA
CRMD
109 | P a g e
FORM
STEP
APPLICANT / CLIENT
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
SERVICE PROVIDER
PERSON IN CHARGE
FEES
g. Logs in registry of
Accredited Firm/External
Auditor; informs Index
Tracking Personnel of the
issuance of the certificate
h. Provide ICTD with
updated list
30 minutes
-do-
i. Updates tracking system
30 minutes
Index Tracking
Personnel
END OF TRANSACTION
Duration:
Pre-evaluation of application: 1 hour
2 days
40 days_________
Total duration:
42 days and 1 hour
OGA
110 | P a g e
FORM

OF THE
CORPORATE GOVERNANCE & FINANCE DEPARTMENT
Processes the registration of securities and licensing of an entity as an investment company;

Processes the licensing of Mutual Fund Companies (MFCs) including Exchange-Traded Funds (ETFs), Financing Companies (FCs),
Micro-Finance Companies (Micro-FCs), issuers of Resorts/Club shares membership certificates and timeshare;
Monitors Public Companies (PCs), Mutual Fund Companies (MFCs), Financing Companies (FCs), Lending Companies (LCs), Micro
Finance Companies (Micro-FCs), Resorts, Club, Timeshare Issuers and Foundations compliance with existing laws and regulations;
Monitors covered companies compliance with the Revised Code of Corporate Governance and other governance issuances of the
Commission;
Promotes good corporate practices and principles.
Licensing Division
Processes the licensing of Mutual Fund Companies (MFCs), including Exchange-Traded Funds (ETFs), Financing Companies (FCs),
Micro-Finance Companies (Micro-FCs), Issuers of Resorts/Club shares membership certificates and timeshares.
Monitoring Division
Monitors Public Companies (PCs), Mutual Fund Companies (MFCs), including Exchange-Traded Funds (ETFs), Financing Companies
(FCs), Lending Companies (LCs), Micro-Finance Companies (Micro-FCs), Resort, Clubs, Timeshare Issuers and Foundations
compliance with existing laws and regulations
Corporate Governance Division
1. Monitors compliance of covered companies with CG requirements
2. Evaluates Annual Corporate Governance Reports (ACGR)
3. Recommends measures to promote Corporate Governance (CG)
4. Maps Financial Conglomerates
5. Acts as CIC Desk
111 | P a g e
MONITORING OF MUTUAL FUNDS, EXCHANGE TRADED FUNDS,

PUBLIC COMPANIES AND ISSUERS OF MEMBERSHIP CERTIFICATES AND TIMESHARE
Mondays to Fridays 7:30 AM to 6:00 PM
Mutual Fund Company, ETF Company, Public Company and Issuer of Membership Certificates and Timeshares
Duration:
Request referring to payment of fees/penalties:
20 minutes to 1 hour (depending on causes beyond the control of the division, such as the accessibility and performance
of SEC i-Report e-payment and volume of clients at the Cashier)
Request referring to monitoring in relation to an application for Amendment of Articles of Incorporation and/or By-laws:
- If compliant 5 Hours and 10 minutes
- If not compliant Walk-in clients are advised that evaluation of the companys compliance with the reportorial requirements
of the Commission will be communicated through mail. Subsequent steps likewise involve correspondence between the
company and the Department through mail.
Step
1
2
Applicant/Client
Registers with the Guard. Gets
Number and Request Slip.
Accomplishes Request Slip.
Submit to Officer-of the- Day
Service Provider
Gives the Client a Number and
Request Slip.
Forwards Request Slip to Specialist
who monitors the company
Duration of Activity
(Under Normal Circumstances
5 minutes
5 minutes
Person in Charge
Fees
Guard on Duty
N/A
Officer-of-the-Day
Accountants
N/A
Form
Request Slip
CGFD
112 | P a gCRMD
e

A. If request refers to
payment of fees/assessed
penalties, waits for Payment
Assessment Form (PAF), then
pays assessed fees/penalties
Evaluate Request
A. Generates and issues PAF. Advise
s the client to pay fees/assessed
penalties at the Cashier.
10 Minutes
Accountants
I.
5 Minutes
Specialists
If the refers to fees on

Information Statement (SEC Form
20-IS), secure validated PAF and
receive copies of said document.
END OF TRANSACTION
II. If payment refers to assessed

penalties on violations, secure
validated PAF
a. Prepare Order on Payment of Penalty.
END OF TRANSACTION
5 Minutes
1 to 4 Hours
1 Hour
B. If request refers to monitoring
in relation to an application for
Amendment of Articles of
Incorporation and/or By-laws,
wait for advice on result of the
evaluation of companys
compliance with SEC
reportorial requirements.
Solicitation
of Votes by
the
Registrant:
P5,050
(Filing fee of
P5,000 plus
1% Legal
Research
Fee);
B. Monitor companys compliance

with reportorial requirements
thru SEC i-Report and other
relevant source.
Solicitation
of Votes
Other than
by the
Registrant
P2.020
(Filing fee of
P2,000 plus
1% Legal
Research
Fee)
Variable
(Depending
on the
violations
committed)
CGFD
113 | P a gCRMD
e
Payment
Assessment
Form
Information
Statement
(SEC Form
20-IS)

I. If compliant, prepare routing
slip/endorsement to the CRMD/ other
concerned SEC departments. END OF
TRANSACTION
II. If not compliant, prepare and Send
show cause letter addressed to the
company.
a. Monitor companys compliance
with show cause letter. If company
complies with the directives
contained in the show cause letter
and is not subject to penalty,
prepare routing slip/endorsement
to the CRMD. END OF
TRANSACTION
b. Monitor companys compliance
with show cause letter. If company
complies with the directives
contained in the show cause letter
and is subject to penalty, prepare
and send assessment letter
addressed to the company.
i. For payment of penalty, issue
PAF and advise client to pay the
cashier
ii. Secure validated PAF and
prepare Order on Payment of
Penalty addressed to the
company and endorsement to
the CRMD interposing no
objection to the application for
the amendment of the articles
of incorporation and/or by-laws.
END OF TRANSACTION
1 Hour
1 Hour
1 Hour
1 Hour
10 Minutes
1 Hour
CGFD
114 | P a gCRMD
e
APPLICATION FOR CERTIFICATE OF AUTHORITY TO OPERATE AS FINANCING COMPANY

Schedule of availability of Service:
Mondays to Fridays 7:30 AM to 6:00 PM (No noon break)
Any corporation that intends to engage in financing activities under the Financing Company Act (R.A 8556)
Duration:
22 days from the date of submission of complete requirements and payment of fees
DOCUMENTS REQUIRED
Main/Head:
1. Cover Sheet
2. Duly accomplished application Form;
3. All documents required for incorporation/amended articles of
incorporation/increase in capital stock;
4. Information Sheet;
5. Answer to SEC questionnaire; Personal Information Sheet of
each of the Directors and Officers;
Branch Office:
Cover Sheet;
Duly accomplished application form;
Information Sheet of Registrant Company;
NBI Clearance with right thumb print of the Branch Manager,
Cashier and Administrative Officer of the Proposed Branch;
5. Personal Data Sheet of the Branch Manager, Cashier and
Administrative Officer;
1.
2.
3.
4.
CGFD
115 | P a gCRMD
e

a. FILIPINO directors and officers:
i. NBI clearance with right thumb print
ii. Police clearance from local police of the city/municipality of
which he is a resident
iii. Certificate of good moral character to be executed under oath
by at least two (2) reputable and disinterested persons in the
community where he resides
iv. Notarized bank credit information to be issued by his
depository or creditor bank(s), if any;
b. FOREIGN directors and officers:
i. Photocopy of Alien Certificate of Registration (ACR) or
Immigration Certificate of Registration (ICR);
ii. Photocopy of passport showing valid visa or stay in the
Philippines
iii. Clearance from the Bureau of Immigration and Deportation
iv. Working permit from Department of labor and Employment
(DOLE), ig applicable;
1. Clearance from Bangko Sentral ng Pilipinas (BSP), if the
applicant financing company is a subsidiary or affiliation of a
bank and/or non-bank financial institution with quasi banking
license;
2. Certificate under oath by the President that the corporation
has not accepted nor will it solicit, accept or take
investments/placements from the public without the
necessary license from the SEC and that upon presentation of
valid claims, it shall immediately indemnify or return the
investments of claimants;
3. Photocopy of the long term lease contract of the building/unit
if under lease or title of the building, if owned by the
company;
6. Answer to SEC questionnaire (Indicate the minimum and

maximum loanable amount, interest rate per month, term of
loan, mode of payment. Marketing strategy and sources of
funds);
7. Clearance from the Bangko Sentral ng Pilipinas (BSP), if
applicant financing company is a subsidiary or affiliate of a
bank and/or non-bank financial institution with quasi-banking
license;
8. Certification under oath by the President that the corporation
has not accepted nor will it solicit, accept or take
investment/placements from the public without the necessary
license from the SEC; and that upon presentation of valid
claims, it shall immediately indemnify or return the
investments of claimants;
9. List of existing branch offices with CA;
10. Latest GIS and Audited Financial Statements;
11. Duly notarized Interim Financial Statements (signed by the
Presidents and Treasurer) in lieu of the Audited Financial
Statements;
12. Photocopy of the long-term lease contract of the
building/unit, if under lease or title to the building/unit, if
owned by the company;
13. Photocopy of Articles of Incorporation, Increase of Capital
Stock, CA:
14. Clearance from the Monitoring Division of the CGFD
CGFD
116 | P a gCRMD
e

4. Proof of financial capacity of the stockholders; (e.g. notarized
bank certification, TCT with latest tax declaration and
notarized certificate of earning capacity;
5. Manual of Corporate Governance; if foreign stockholding is
more than 40% of outstanding capital stocks or has total
assets of Php50 Million or more;
6. Manual on Anti-Money Laundering, if foreign stockholding is
more 40% of outstanding capital stocks or has paid-up capital
of Php10 Million or more;
7. Secretarys Certificate readoption by the said Manulas;
8. Affidavit of General Denial of any court/bank cases of each
director/officer; and
9. Format of Disclosure Statement on Loan/Credit Transaction
CGFD
117 | P a gCRMD
e
APPLICATION FOR CERTIFICATE OF PERMIT TO SELL SECURITIES AND ORDER OF REGISTRATION FOR MUTUAL FUNDS,
EXCHANGE TRADED FUNDS AND PROPRIETARY/NON-PROPRIETARY, MEMBERSHIP CERTIFICATES, TIMESHARES
Mondays to Fridays/7:30 AM to 6:00 PM (no noon break)
Any corporation that intents to sell or offer for sale to the Public Mutual Funds, Exchange Traded Funds and Proprietary/
Non-Proprietary, Membership Certificates, Timeshares
Duration:
22 days from the date of submission of complete requirements and payments of fees
DOCUMENTS REQUIRED
1. Accomplished SEC Form 12-1, as amended (Registration Statement)
2. Exhibits to be submitted together with Registration Statement
I. Initial Minimum Documentary Requirements
a)
b)
c)
d)
e)
f)
g)
Audited Financial Statements & Statement of Managements Responsibility;

Draft Notice of Publication;
Articles of Incorporation and By-laws;
Opinion re: Legality of Issue (notarized);
Opinion re: Tax Matter;
Consents of Experts and Independent Counsel;
Notarized Curriculum Vitae and Recent Photographs of Officers and Members of the Board of Directors;
CGFD
118 | P a CRMD
ge

h)
i)
j)
k)
l)
m)
n)
o)
Bank Authorization which shall be continuous as long as the registration of securities of the issuer is effective;
Bank Authorization which shall be continuous as long as the registration of securities of the issuer is effective;
Copy of Board Resolution approving the securities offering and authorizing the filing of the RS;
Duly verified Board Resolution dated and manually signed by a majority of the issuers Board of Directors; approving the
disclosures contained in the RS and assuming responsibility for the information contained therein;
Secretarys Certificate as to adoption by the companys Board re: (1) Adoption of a Fit and Proper Rule for the selection
of corporate directors/officer; (2) Submission of an Undertaking allowing the SEC to resolve conflicting issues regarding
the selection of independent directors;
Sample of Subscription Agreement;
Manual on Corporate Governance; at least 2 Independent Directors; and
Anti-Money Laundering Manual.
II. Additional Requirements

A. Mutual Funds:
a) Management Contract/Agreement;
b) Distribution Agreement;
c) Custodian or Escrow Agreement;
d) Advisory Agreement; and
e) Certification, under oath, by the President and Chairman of the Board, or their equivalent in rank, describing the
involvement, if any, by management or members of the Board of Directors in companies that the investment company
will be dealing with.
B. Exchange Traded Funds:
a) Contract/Agreement with Fund Manager;
b) Contract/Agreement with Authorized Participants;
c) Contract/Agreement with Market Maker;
d) Contract/Agreement with Index Provider;
e) Contract/Agreement with Custodian Bank;
f) Contract/Agreement with Transfer Agent; and
CGFD
119 | P a gCRMD
e

g) Certification under oath, by the President and Chairman of the Board, or their equivalent in rank, describing the
involvement, if any, by management or members of the Board of Directors in companies that the investment company
will be dealing with.
C. Proprietary/Non-Proprietary Shares, Membership Certificates, Timeshares:
a) Escrow/Custodian Agreement with a reputable bank;
b) Credit Line Agreement;
c) House/Membership Rules and Compliance Certificate;
d) Copy of Environmental Compliance Certificate;
e) Copy of Lease Contract (if property is under Lease);
f) Certified true copy of Transfer Certificate of Title (TCT);
g) Copy of brochures and other selling materials;
h) Copy of Development Agreement; and
i) Copy of Trust Agreement (if timeshares).
Step
Applicant/Client
Present SEC Form 12-1 for Pre-evaluation
Service Provider
Duration of
Activity*
(under normal
circumstances)
Person in Charge
Fees
Form
1. SEC Form 12-1, as
amended
(Registration
Statement)
2. Exhibits required
CGFD
120 | P a gCRMD
e
Step
Applicant/Client
Service Provider
2.4 Reviews documents.
Accomplishes pre-evaluation
checklist and provide copy to
the applicant based on the
documents presented.
If COMPLETE. Goes to Step 2.3 If

INCOMPLETE. Goes to Step 2.2
2.5 Returns document to applicant
for compliance. END
2.6 Computes Filing Fee and Issue
(PAF) and advises applicant to
pay prescribed fee to the
Cashier. Goes to Step 3
3
Duration of
Activity*
(under normal
circumstances)
Person in Charge
Fees
Form
Accountants
5 minutes
Specialists
Pays the prescribed Filing fee to the

Cashier and submits PAF together with the
required documents and its attachments
to receiving clerk/support staff.
Please see
schedule
below
Payment Assessment
Form
CGFD
121 | P a gCRMD
e
Step
4
Applicant/Client
Service Provider
4.1 Receives and encodes
documents;
4.2 Deliver s documents to
Assistant Director (AD)/
Division Head (DH) for
assignment. Goes to Step 5.1
4.3 Delivers documents to Step 6.
4.4 Transmits letter to the
Registrant. Goes to Step 7.
4.5 Delivers Memo to Supervising
Commissioner/Commission
5.1 Assigns application to
Specialist and Legal Counsel.
Goes to Steps 6.1 to 6.6
5.2 Reviews and initials
DRAFT/FINAL
letter/memo/advisement
letter/Order of
Registration/Permit to
Sell/Notice
Duration of
Activity*
(under normal
circumstances)
30 minutes
Person in Charge
25 minutes
Support Staff
20 minutes
Support Staff
Fees
20 minutes
10 minutes
Executive Assistant-
10 minutes
1 day
Assistant Director
CGFD
122 | P a gCRMD
e
Form
Step
6
Applicant/Client
Service Provider
If Initial Filing:
Duration of
Activity*
(under normal
circumstances)
7 days
Person in Charge
Fees
Accountants
6.1 Review Documents

6.2 Refer the Underwriting/
Management/Distribution
Agreement to MSRD
Specialists
6.3 Refer s Financial Statements to

OGA. Repeats Step 8
6.4 Refers to OTHER
GOVERNMENT AGENCIES (if
applicable)
3 days
Chief Counsel
6.5 Conducts Ocular Inspection (If

applicable/allowed)
CGFD
123 | P a gCRMD
e
Form
Step
Applicant/Client
Service Provider
Duration of
Activity*
(under normal
circumstances)
Person in Charge
Fees
6.6 Prepare and initial DRAFT/FINAL

1st COMMENT LETTER based on
findings.
Repeats Steps 5.2 and 5.3
IF 1st Revision Compliance with
2nd COMMENT LETTER
6.7 Repeats Steps 6.1, 6.3, 6.4
and/or conducts meeting with
the Registrant.
6.8 If compliant with all the
requirements, goes to Step
6.11.
Accountants
3 days
6.9 Prepares/Initials DRAFT/FINAL
2nd COMMENT LETTER. Repeats
Steps 5.2 and 5.3.
Specialists
IF 2nd Revision Compliance with

2nd COMMENT LETTER
Chief Counsel
6.10 Repeats Step 6.1, 6.3

6.11 If APS were cleared by OGA,
prepares initials DRAFT/FINAL
MEMO. Repeat Step 5.2
3 days
CGFD
124 | P a gCRMD
e
Form
Step
Applicant/Client
Service Provider
IF NO COMPLIANCE. Endorses to
Legal Counsel for Hearing.
Duration of
Activity*
(under normal
circumstances)
Person in Charge
Fees
1 day
6.12 Prepares DRAFT/FINAL

NOTICE OF HEARING.
Repeats Steps 5.2 and 5.3.
6.13 Legal Counsel holds meeting
for REJECTION of the
application.
6.14 Prepares DRAFT/FINAL
REJECTION LETTER. Repeat
Steps 5.2 and 5.3.
7
7.1 Files reply/compliance with Comment

Letter to support staff
st
nd
If reply to 1 Comment Letter or 2

Comment Letter. Repeats Steps 4.1
and 4.3.
7.2 If application is deferred, submits
compliance requirements. Repeats
Steps 4.1 and 4.2.
CGFD
125 | PCRMD
age
Form
Step
Applicant/Client
Service Provider
Duration of
Activity*
(under normal
circumstances)
Person in Charge
Fees
7.3 If rendered effective, submits FINAL

PROSPECTUS.
Repeats Steps 4.1, 4.3 and Goes to
Step 11
7.4 Receive s ORDER OF REGISTRATION
and PERMIT TO SELL/REJECTION. END
8
8.1 Review and evaluate AFS

8.2 Endorses findings to assigned
CGFD Specialist
9.1 For DRAFT
COMMENT/MEMORANDUM/
ORDER OF
REGISTRATION/PERMIT TO
SELL/NOTICE
9.1.a. Reviews and Initial
document
9.1.b. Returns document to
Specialist. Goes to Step
6.6 or 6.9
Office of the
General Accountant
3 hours
Acting Director
9.2 For FINAL COMMENT/

ADVISEMENT LETTER/NOTICE.
9.2.a. Reviews and signs
document. Repeats Step
4.4
3 hours
CGFD
126 | P a gCRMD
e
Form
Step
Applicant/Client
Service Provider
9.3 If FINAL MEMO, review and
sign document. Goes to Step
4.5.
Duration of
Activity*
(under normal
circumstances)
1 day
Person in Charge
Fees
Acting Director
9.4 Presents to the Commission En

Banc
9.5 Informs Specialist/Counsel of
En Banc Decision. Goes to
Step 10.
9.6 For ORDER OF REGISTRATION
and PERMIT TO SELL
10
9.6.a Reviews and signs document.

Returns document to
Specialist. Goes to Step 12.4
Upon receipt of the Commissions
action on the Memorandum:
10 minutes
Accountants
If Registration Statement is
DENIED/DEFERRED
Upon receipt of the Commissions
action on the Memorandum:
10.1 Prepare DRAFT/FINAL
ADVISEMENT LETTER
2 days
CGFD
127 | P a gCRMD
e
Form
Step
Applicant/Client
Service Provider
Repeat Steps 5.2, 5.3, 6.11,
9.1, 9.2 and 4.4
Duration of
Activity*
(under normal
circumstances)
2 days
Person in Charge
Fees
Specialists
10.2 If Registration Statement is

RENDERED EFFECTIVE Goes to
Step 7.3
11
11.1 Computes adjustment fee, if

necessary and inform registrant of
the additional fee
11.2 If COMPLETE. Go to Step 12
11.3 If INCOMPLETE, notifies registrant to
comply with and submit the
requirements. Go to Step 7.3
12
Accountants
Prepares CERTIFICATE OF PERMIT

TO SELL and ORDER OF
REGISTRATION
12.1 Prints draft/final copies of
Certificate of Permit to Sell
and Order of Registration
10 minutes
Specialists
5 minutes
Chief Counsel
12.2 Initial Copy

12.3 Repeat Steps 5.2, 5.3 and Go
to Step 9.6
CGFD
128 | P a gCRMD
e
Form
Step
Applicant/Client
Service Provider
12.4 Notifies issuer that the Permit
and Order are ready for release at
the CGFD. Goes to Step 7.4
Duration of
Activity*
(under normal
circumstances)
10 minutes
Person in Charge
Fees
12.5 Forwards records to ICTD for

microfilming.
*The allotted processing time covers all submissions and evaluations of documents, i.e., initial and subsequent submissions per Comment Letter/s.
Filing fee:
Maximum aggregate price of securities to be offered
Amount of Filing fee
Not more than P500 Million
0.10% of the maximum aggregate price of the securities to be offered
More than P500 Million but not more than P750 Million
P500,000 plus 0.075% of the excess over P500 Million
More than P750 Million but not more than P1 Billion
P687,500 plus 0.05% of the excess over P750 Million
More than P1 Billion
P812,500 plus 0.025% of the excess over P1 Billion
HANDLING OF COMPLAINTS FILED AGAINST COVERED INSTITUTIONS

7:30 AM 6:00 PM on weekdays ( without noon break)
Public Companies, Mutual Fund Companies, Financing Companies, Lending Companies, Micro-Finance Companies, Resorts,
Clubs, Timeshare Issuers and Foundation
CGFD
129 | P a gCRMD
e
Form

What are the Requirements:
Complaint Letter/Form
Supporting documents and any additional documents that the Commission may require
Step
Applicant/Client
Registers with the Guard and

get Request Slip
Accomplishes Request Slip and
Submit to Support Staff
I. With Complaint letter
2
3
a.
b.
II.
Service Provider
Gives the Client a Request Slip
Records request and forwards to
assigned Staff
I. With Complaint Letter
Submits together
with supporting
documents and
Get s receiving copy of
Complaint
Letter/Form
Without complaint letter
II.
a.
Receives and photocopies

supporting documents and
b.
Gives complainants copy

and advise complainant to
wait for companys reply
Without complaint letter
a.
Gets Complaint Form
a.
Gives Complaint Form
b.
Accomplishes
Complaint Form
b.
Waits for accomplished

complaint form. Assist
complainant, if needed
(Under Normal
Circumstances)
5 minutes
Guard on Duty (CGFD)
N/A
Request Slip
5 minutes*
Clerk
N/A
Request Slip
5 minutes
Accountant II
Examiner II
Examiner I
Specialist II
Specialist I
Records Specialist
Clerk
Monitoring Analyst
N/A
Complaint Letter with

relevant/ supporting
documents
Person in Charge
10 minutes
Fees
Form
Complaint Form with

relevant/supporting
documents
*Depending on circumstances beyond the control of the Division, such as the volume of walk-in clients handled and nature of complaint
CGFD
130 | P a gCRMD
e
Step
Applicant/Client
Service Provider
c.
Submits together
with supporting
documents, and
c.
d.
Gets received copy of

Complaint
Letter/Form
d.
Waits for Answer/ Comment

from the company or the
Commission
(Under Normal
Circumstances)
Fees
Form
Receives complaint form

and photocopy supporting
documents, and
Gives complainants copy

and advises complainant
to wait for companys
reply
Evaluates complaint if within the
jurisdiction of the department
I.
Person in Charge
Within the CGFDs jurisdiction

a.
Prepares and issues

advisement letter to the
company to answer
complaint
15 minutes*
b.
Monitors answer of the

company
N/A
i.
ii.
Accountant II
Examiner II
Examiner I
Specialist II
Specialist I
Records Specialist
Clerk
Monitoring Analyst
Complaint Letter/Form
Advisement Letter
With answer, waits

for reply/comment of
complainant to the
answer of the
company then
proceed to step c
Without answer,
resolve the complaint
or proceeds to step 5
CGFD
131 | P a gCRMD
e
Step
Applicant/Client
Service Provider
c.
II.
Attend Scheduled Hearing
Person in Charge
Fees
Form
N/A
i.
With reply, resolves

the complaint or
proceeds to step 5
Examiner II
Specialist II
ii.
Without reply,
resolves the
complaint or proceed
to step 5.
Director
Assistant Director
Division Head
Outside CGFDs jurisdiction

a.
Monitors reply of
complainant
(Under Normal
Circumstances)
N/A
Indorses to the proper

department of the
Commission or other
government office/agency
that has jurisdiction over
the complaint and/or
advises complainant of lack
of jurisdiction of SEC. END
OF TRANSACTION
Within 5 days*
a. Prepares and Issues Notice of

Hearing
15 minutes*
b. Conducts Hearing/Mediation
30 minutes*
c. Prepares Minutes, resolution of

complaint to be included in the
minutes or proceed to step d
10 minutes*
Accountant II
Examiner II, Specialist II
Specialist I
Records Specialist
Clerk, Monitoring Analyst
Chief Counsel
Counsel III, Examiner II
Specialist II
N/A
Notice of Hearing
Minutes of Conference
CGFD
132 | P a gCRMD
e
Step
Applicant/Client
Service Provider
d. Issue a written resolution of
the case. END OF
TRANSACTION
(Under Normal
Circumstances)
30 days*
Person in Charge
Fees
Director
Assistant Director
Division Head
MONITORING OF FINANCING AND LENDING COMPANIES

7:30 AM 6:00 PM on weekdays (without noon break)
Financing and Lending Companies
Monitoring Slip (from the CGFD or endorsed from other departments),

Certificate of Incorporation,
Latest approved Articles of Incorporation,
Latest approved By-Laws,
Latest due General Information Sheet,
Latest Audited Financial Statements,
Copy of the Stock and Transfer Book Registration, and
Other documents/reports (per monitors instruction).
CGFD
133 | P a gCRMD
e
Form

Step
1
2
3
Applicant/Client
Registers with the Guard and gets

Request Slip
Accomplishes Request Slip to Support
Staff
Waits for the Result of the Request:
I. For Clearance
a. If compliant, waits for issuance of

the Routing Slip (RS)
Service Provider
(Under Normal
Circumstances
5 minutes
N/A
Request Slip
5 minutes*
Clerk
N/A
Request Slip
5 minutes
Accountant II
Examiner II
Examine I
Specialist II
Specialist I
Clerk
N/A
Request Slip
1. Updates
Monitoring
Sheets (MS)
15 minutes*
Monitoring Analyst
Specialist II
Division Head
Monitoring
Sheet
2. Counter Checks MS
5 minutes
Routing Slip
3. Signs MS
10 minutes*
4. Prepares RS
5 Minutes
5. Signs RS, and
5 minutes
6. Issues RS to client,
2 minutes
Accountant II
Examiner II
Examiner I
Specialist II
Specialist I
Clerk
Monitoring Analyst
Director
Division Head
Gives a Client a Request

Slip
Records Request and
Forwards to assign Staff
Evacuates Request
I. Checks compliance of
the corporation
Person in Charge
Fees
Form
a. If compliant
END OF TRANSACTION
CGFD
134 | P a gCRMD
e
Step
Applicant/Client
Service Provider
(Under Normal
Circumstances
2 minutes
Person in Charge
b. If not compliant, requests for

monitoring (Step 3. V)
b. If not Compliant, do
Step 3.V
II. For Payment Assessment

Form (PAF) of fees and assessed
penalties, waits for PAF and pays at
the cashier
II. Generates and Issues

PAF and advises the
client to pay at the
Cashier
2 minutes
Accountant II
Examiner
Examiner I
Specialist II
Specialist I
III. For Assessment of penalties
III. Reviews MS
10 minutes
a.
a. If Penalty is reprimand
Clerk
Monitoring Analyst
Accountant II
Examiner II
Examiner I
Specialist II
Specialist I
Clerk
Monitoring Analyst
Director
Division Head
If Penalty is reprimand, waits for

Reprimand Letter (RL) and
Request for clearance (Step 3.I)
b. If with monetary penalty, waits for

the assessment and/or request for
a PAF (Step 3.II)
1. Prepares RL
2. Signs RL and
3.
Do Step 3.I.a and
issues the signed
RL.
END OF TRANSACTION
b. If with monetary
penalty
1. Does Step 3.I.a
1-3
2. Prepares and issue
san assessment
and/or sends an
Assessment Letter
(AL) addressed to
the company and
3. Do Step 3.II
5 minutes*
10 Minutes
40 minutes*
Fees
Form
Accountant II
4 hours
Assessment/
Payment
Assessment
Form
Reprimand
Letter
Assessment
Monitoring
Sheet
Monitoring
Sheet
Accountant II
Examiner II
Examiner I
Specialist II
Specialist I
Clerk
Monitoring Analyst
CGFD
135 | P a gCRMD
e
Step
Applicant/Client
IV. For submission proof of

compliance with deficiencies
a. If no violation, request for clearance

(Step 3.I)
Service Provider
IV. Evaluates the proof of

compliance/reports
submitted
(Under Normal
Circumstances
Person in Charge
Fees
Monitoring Analyst
a. If no violation, do
Step 3.I.a
END OF TRANSACTION
b. If with violation, Requests for an

assessment (Step 3.III)
V. For monitoring / updating of
companys compliance with
reportorial requirements, wait for
the result of monitoring
a. If no deficiencies, request for

clearance (Step 3.I)
b. If with violation, do
Step 3.III
V. Monitoring companys
compliance with
reportorial
requirements thru SEC
i-Report and other
relevant sources and
prepare or update
companys MS
a. If no deficiencies, do
Step 3.I.a
END OF TRANSACTION
CGFD
136 | P a gCRMD
e
Form
Step
Applicant/Client
b. If with deficiencies, submit proof of

compliance
Present OR, return the validation PAF

to the monitor and wait for the Order
on Payment and request for clearance
and RS (Step 3.1)
Service Provider
b. If with deficiencies,
direct client to submit
proof of compliance
(step 3.IV)
Do Step 3.1.a and
prepare Order on
Payment of Penalty
addressed to the
company.
(Under Normal
Circumstances
Variable
Person in Charge
Accountant II
Examiner II
Examiner I
Specialist II
Specialist I
Clerk
Monitoring Analyst
END OF TRANSACTION
Fees
Form
Payment
Assessment
Form/ Official
Receipt/ Routing
Slip
*Depending on circumstances beyond the control of the Division, such as the volume of walk-in clients handled, volume of previous reports filed, accessibility and
performance of the SEC i-Report.
Financing Companies / Lending Companies
FEES
Annual Fees
Annual Information Statement
PENALTIES
Variable (Depending on the
violations committed)
Head Office 1/8 of 1% of the required paid up capital

Branch Office 1/8 of 1% of the required paid up capital
Head Office P10,000.00 + P100.00 (LRF)
- Memorandum Circular No.6 , Series of 2005 or Consolidated Scale of Fines ( Financial Companies)
- Memorandum Circular No. 9, Series of 2010 or Scale of Penalties for Lending Companies (Lending Companies)
- Memorandum Circular No. 8 Series of 2009 of Fines for Non-compliance with the financial Reporting Requirements of the
Commission.
- Guidelines on the Imposition of Fines or Penalties for Non-Compliance with Reportorial Requirements dated 31 July 2002
- Other circulars/orders of the Commission on Penalties
CGFD
137 | P a CRMD
ge
MONITORING OF FOUNDATION
7:30AM - 6:00PM Monday to Friday (no noon break)
Foundation
What Are the Requirement:
Monitoring Slip (from the CGFD or endorsed from other department),
Latest approved Articles of Incorporation and By-laws,
Latest due General Information Sheet,
Latest Audited Financial Statements,
Copy of the Membership Book Registration,
Certification and Sworn Statement required by SEC Memorandum Circular No. 8, Series of 2006 (Section 4, 5 & 6), and
Other documents/reports (per monitors instruction).

STEP
APPLICANT/CLIENT
Registers with the Guard and

get Request Slip
Accomplishes Request Slip and
Submit to Support Staff
SERVICES PROVIDER
Gives the Client a Request Slip

Records request and assigns to
Technical Staff
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
5 minutes*
PERSON IN CHARGE
FEES
FORM
N/A
Request Slip
Clerk
N/A
Request Slip
CGFD
138 | P a gCRMD
e
STEP
APPLICANT/CLIENT
SERVICES PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
Waits for the result of the request:
Evaluate Request
5 minutes
For clearance/updating of monitoring,

present the required documents to
Technical Staff
Evaluates documents Presented vis - - vis

document index
30 minutes*
Accountant II
Examiner II
Examiner I
i. Prepares Monitoring Sheet (MS)
20 minutes*
Specialist II
Specialist I
Records Specialist
Clerk
Monitoring Analyst
ii. Counterchecks the MS
10 minutes*
iii. Conducts final checking of the MS
30 minutes*
iv. Prepare routing slip (RS)
5 minutes*
v.
5 minutes*
a. If compliant, wait for issuance

of the Routing Slip (RS)
I.
If compliant,
Signs the RS and
END OF TRANSACTION
II.
If not compliant, wait for the

assessment of violation of the
SEC rules, regulations and orders
FORM
N/A
Monitoring Sheet
with attachments
Examiner II
Specialist Ii
Division Head
Accountant II
Examiner II; Examiner I; Specialist II
Specialist I
Records Specialist
Clerk ; Monitoring Analyst
Director
Division Head
Routing Slip with MS

and attachment
Accountant II
Examiner II; Examiner I;
Specialist II
Specialist I
Records Specialist
vi. Gives to the client.
b. If not compliant, waits for

assessment of violation
FEES
2 minutes
Accountant II
Specialist II
Specialist I
Records Specialist
Monitoring Sheet
with attachments
CGFD
139 | P aCRMD
ge
STEP
APPLICANT/CLIENT
1.
If no penalty, wait for

the issuance of the RS
2.
If with penalty, wait for

the Payment Assessment
Form (PAF)
i.
If no penalty, do
ii. If with penalty
ii.
Do Step 3 (I.a.1-3)
FEES
hours*
FORM
Payment
Assessment Form
(PAF)
1 hour*
2 minutes
Generate and issue PAF

and
iii. Advise the client to pay at

the Cashier
Present OR, return the validated PAF
and wait for the Confirmation/Order
on Payment (COP) and Routing Slip
1.5
PERSON IN CHARGE
Step 3 (Step 3.I.a.1-6). END OF

TRANSACTION
i.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
SERVICES PROVIDER
Updates monitoring sheet and prepare COP

(with OR and date of payment)
(3.I.)
2 minutes
10 minutes
Accountant II
Specialist II
None
Specialist I
Records Specialist
Confirmation or
Order on Payment

Director
Division Head
Reviews and sign s the final MS/COP
Accountant II
Calls client and issue final MS/COP
Specialist II
Specialist I
Records Specialist
END OF TRANSACTION
Official Receipt/
Payment
Assessment Form/
CGFD
140 | P a CRMD
ge

FEE
PENALTIES
Variables (Depending on the violations
committed
N/A
-
Memorandum Circular No. 8 Series of 2009 or Scale of Fines for Non-compliance with the Financial Reporting
Requirement of the Commission.
Guidelines on the Imposition of Fines or Penalties for Non-Compliance with Reportorial Requirements Dated 31
July 2002
*Depending on circumstances beyond the control of the Division, such as the volume of walk-in clients handled, volume of previous reports filed, accessibility
and performance of the SEC i-Report.
MONITORING OF PUBLICLY LISTED COMPANIES, MUTUAL FUNDS, EXCHANGE TRADED FUNDS,

PUBLIC COMPANIES AND ISSUERS OF MEMBERSHIP CERTIFICATES AND TIMESHARES
COMPLIANCE WITH CORPORATE GOVERNANCE REGULATIONS
Monday to Fridays 7:30AM to 6:00PM
Publicly Listed Companies, Mutual Funds, Exchange Traded Funds, Public Companies and Issuers of Membership Certificates
and Timeshares
Duration:
Request referring to Clearances - 1 Hour and 5 minutes (depending on causes beyond the control of the division, such as
accessibility and performance of the SEC i-Report, e-payment and volume of clients at the Cashier)
Request referring to payment of fees/penalty - 1 Hour (depending on causes beyond the control of the division, such as
accessibility and performance of the SEC i-Report, e-payment and volume of clients at the Cashier)
CGFD
141 | P a gCRMD
e

A. REQUEST FOR CLEARANCE
Step
Applicant/Client
Service Provider
Duration of
Activity (Under
Normal
Circumstances)
Person in Charge
Fees
Form
Instructs Client where to proceed
5 Minutes
Guard on Duty
N/A
N/A
Receives the documents
5 Minutes
Specialist-in-Charge
N/A
N/A
Reviews the documents submitted
30 Minutes
N/A
N/A
4a
Issues clearance
5 Minutes
N/A
N/A
4b
Issues Payment Assessment Form

(PAF), in cases where the client has
been previously monitored and has
been assessed penalty/ies.
10 Minutes
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Variable
Cashier
Amount
Imposed
PAF
Receives the validated PAF and

issues clearance
10 Minutes
N/A
N/A
5a
5b
Registers with the Guard

Submits documents to
Receives the clearance

Receives the PAF and
proceeds to Cashier for
payment
Forwards validated PAF and
official receipt Specialist-incharge
CGFD
CRMD
142 | P a g e

B. PAYMENT OF FEE/PENALTY

Step
1
2
Applicant/Client
Registers with the Guard

Submits documents to
3
4
5
Receives the PAF and

proceeds to Cashier for
payment
Forwards validated PAF and
official receipt to Specialistin-charge
Duration of
Activity (Under
Normal
Circumstances)
Service Provider
Person in Charge
Fees
Form
5 Minutes
5 Minutes
Guard on Duty
N/A
N/A
Reviews the documents submitted
30 Minutes
N/A
Issues Payment Assessment Form

(PAF)
10 Minutes
N/A
N/A
variable
Cashier
Amount
Imposed
PAF
N/A
N/A
Instructs Client where to proceed

Receives the documents
Receives the validated PAF and

instructs the Client that the Order on
Payment will be sent to the principal
officer address via mail
10 Minutes
CGFD
CRMD
143 | P a g e
N/A
N/A
N/A
N/A

OF THE
MARKETS & SECURITIES REGULATION DEPARTMENT

The Markets and Securities Regulation Department (MSRD) assists the Commission in policy formulation, rule-making and market
supervision governing issuance of securities, securities markets and other market participants. In order to accomplish these
responsibilities, this Department is tasked to do the following:
Registers all types of securities as defined under Section 3 of the
SRC such as but not limited to equity securities, bonds,
commercial papers, real estate investment trusts and other alternative investment products, and supervises and monitors
the compliance by the issuers of such products with legal and regulatory requirements.
Registers and supervises securities markets and market institutions such as exchanges, alternative trading systems, overthe-counter markets and other trading markets, self-regulatory organizations, clearing agencies, securities lending agencies,
depositories, custodians, central trade reporting system, registrars of qualified buyers and other securities-related
organizations for their compliance with legal and regulatory requirements.
Supervises intermediaries and market professionals such as brokers, dealers, government securities eligible dealers,
associated persons and salespersons of brokers, dealers, transfer agents, investment houses, investment company advisers,
mutual fund distributors, compliance officers
and certified
investment solicitors
of investment company
advisers/mutual fund distributors, and other securities market participants for their compliance with legal and regulatory
requirements.
Reviews proposed rules of self-regulatory organizations (SROs) and other market participants and proposed products and
services in the market to ensure their consistency with securities laws, regulations, policies and global best practices.
Reviews existing regulatory frameworks of the securities industry and recommends rules and/or reforms.
Establishes linkages with national and international organizations and regulatory agencies with regard to the securities market,
including cross-border products, services and arrangements.
Acts as National Numbering Agency for all securities issued in the Philippines.
Issues show cause orders for non-compliance with rules and regulations.
144 | P a g e
Securities Registration Division

Registers all types of securities as defined under Section 3 of the S R C such as but not limited to equity securities, bonds,
commercial papers, real estate investment trusts and other alternative investment products.
Processes applications for Exemption from Registration/ request for confirmation of exemption from registration regarding
issuance of securities (10.1and 10.2 transactions).
Monitors and supervises the compliance by issuers with standards of financial reporting and the administration of fair
disclosure and other regulatory requirements.
Conducts audits of issuers of securities as warranted and prepares audit reports and recommends corrective actions or
sanctions.
Performs other functions as maybe assigned by the Commission.
Markets & Intermediaries Division

Monitors and supervises securities markets such as exchanges, alternative trading systems, over-the-counter markets, other trading
markets, self-regulatory organizations, clearing agencies, depositories, custodians, transfer agents, central trade reporting system and
other securities related organizations and participants, as well as securities brokers, dealers, associated persons and
salespersons of brokers dealers, investment houses, investment company advisers, mutual fund distributors, compliance officers and
certified investment solicitors of investment company advisers/ mutual fund distributors, securities lending agencies, registrars of
qualified buyers and other securities intermediaries, for their compliance with legal and regulatory requirements.
Reviews periodic reports of SROs, markets, intermediaries and other registered persons.
Conducts audits of SROs, intermediaries and other registered persons and prepares audit reports and recommends corrective actions
or sanctions.
Analyzes and collates data and risk-based financial reports to support audit activities.
Monitors compliance of PSE relative to its shares with listing and disclosure requirements.
Performs other functions as may be assigned by the Commission
MSRD
CRMD
145 | P a g e

Investment Products & Services Division
Registers securities markets and market institutions such as exchanges, alternative trading systems, over-the-counter markets and
other trading markets, self-regulatory organizations, clearing agencies, securities lending agencies, depositories, custodians, central
trade reporting system, registrars of qualified buyers and other securities-related organizations.
Reviews proposed rules of self-regulatory organizations (SROs) and other market participants and proposed products and services in
the market to ensure their consistency with securities laws, regulations, policies and global best practices.
Reviews existing regulatory frameworks of the securities industry and recommends rules and/or reforms.
Establishes linkages with national and international organizations and regulatory agencies with regard to the securities market,
including cross-border products, services and arrangements.
Acts as National Numbering Agency for all securities issued in the Philippines.
Performs other functions as maybe assigned by the Commission.
PROCESSING OF APPLICATION OF REGISTRATION AS AN EXCHANGE/EXCHANGE-SRO;

CLEARING AGENCIES/CLEARING AGENCY- SRO; DEPOSITORIES
8:00AM-5:00PM Mondays to Fridays (no noon break)
NOTE: This application procedure is applicable for the registration of the following:
A. Exchange/Exchange-SRO
B. Clearing Agency/Clearing Agency-SRO
C. Depository
MSRD
146 | P a gCRMD
e

A. As an Exchange/Exchange-SRO
Any Stock Corporation, Provided; that:
1. No person may beneficially own or control, directly or indirectly, more than five percent {5%) of the voting
rights of the Exchange.
2. No industry or business group may beneficially own or control, directly or indirectly, more than
twenty percent (20%) of the voting rights of the Exchange.
B. As a Clearing Agency/Clearing Agency-SRO/Depository
Any entity as may be allowed by the Commission.
A. For Exchange/Exchange-SRO
1. All documents enumerated in SEC Form 33/33-SR0/33-A;
2. Any additional document that the Commission may require
B. For Clearing Agency/Clearing Agency-SRO/Depository
1. All documents enumerated in SEC Form 33/33-SR0/33-A;
2. Any additional document that the Commission may require.
Duration: 2 months
MSRD
CRMD
147 | P a g e

STEP
APPLICANT / CLIENT
SERVICE PROVIDER
Requests for the necessary Gives client the necessary

application form
application form and additional
instructions
Files of the application and

supporting documents with
the MSRD for preprocessing
by the MRD Specialist
If application and supporting
documents were complete,
Specialist approved for
payment
Pays assessed fee at the
cashier
Submits application,
supporting documents and
proof of payment
4
5
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
Within 10 minutes
PERSON IN
CHARGE
FEES
FORM
MSRD Specialist
Pre-processes documents received

to determine its completeness. If
not complete, advises the
applicant document.
Prepare Payment Assessment
Form and advises client to pay the
prescribed fee at the Cashier
Within a week
Specialist/
Securities
Counsel
Within 30 minutes
Specialist
Accepts payment
Within 30 minutes
Cashier
Receives and assigns documents
Within 15 minutes
Support Clerk
Reviews and evaluates

documents/prepares
recommendation letter
1 week
Specialist
a.
For an Exchange
/Exchange-SRO and
Amendments
thereto:
SEC Form 33/33-SRO/33-A
a. For a Clearing
Agency/ Clearing
Agency-SRO and
Amendments
thereto: SEC Form
42-CA/42SRO/42AMD
Php50,500.00
Payment of assessed fee at

the cashier
MSRD
148 | P a gCRMD
e
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
Reviews
documents/letter/memorandum
8
9
Makes final comments and signs

Presents memorandum to the
Commission for approval
Issues certificate of registration
and informs applicant
10
Receive certificate of
registration
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
1 month
PERSON IN
CHARGE
1 week
1 week
Securities
Counsel/Division
Head/Assistant
Director
Director
Director
1 day
Specialist
FEES
FORM
ACCREDITATION OF SURETY BOND COMPANY

Surety Companies
All documents enumerated in Form SCA-001
Duration: 1 month
MSRD
CRMD
149 | P a g e

STEP
APPLICANT / CLIENT
1
Secures application form
2

SERVICE PROVIDER
Provides client application forms,

and checklist of requirements.
1. pre-evaluates application
and supporting
documents
a.
b.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
5 minutes
Specialist assigned
30 minutes
Specialist assigned
FEES
FORM
SCA-001
if application and
are not complete, these
are returned to applicant
with the list of
requirements not
complied with
if application and
are complete, the
Specialist -in -change
clears application for
payment of the
prescribed fees
(proceeds to No. 2)
MSRD
150 | P a gCRMD
e
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
FEES
FORM
2. Prepares Payment Assessment

Form
(PAF)
and
instructs
applicant to leave the three (3)
sets of application documents
with MSRD and to proceed to the
Cashier
Presents the PAF at the Processes payment and issues O.R
required fee
10 minutes
Submits the machinevalidated PAF to MSRD
Secures and attaches the

machine-validated PAF
application documents.
Stamps receive the three
(3) sets of application
document
Returns one (1) copy of
the application
1 minutes
Assigns application to Specialist in

charge and inputs in logbook
Forwards documents to Specialist
in-charge
5 minutes
Support Staff
3 minutes
Support Staff
Reviews application and

supporting documents using
checklist.
1 day
Specialist assigned
1.
2.
3.
1
2
3
10 minutes
3 minutes
Cashier
Filing Fee:
P5,000.00
LRF*:
P50.00
Specialist assigned
1 minutes
MSRD
151 | P a gCRMD
e
STEP
APPLICANT / CLIENT
4
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
If application is fully compliant

with all requirements, prepares
Memorandum to Commission to
En Banc
Reviews memorandum and
forwards it to Support Staff
Support staff logs memorandum
and forwards it to Director
Reviews memorandum
1 day
Specialist assigned
1 day
Division Head
30 minutes
Support Staff
1 hour
Director
Signs and presents Memo to the

consideration
1 day
Director
Receives advice of the resolution of

the Commission on the application:
1 day
Specialist assigned
5
6
7
If approved:
a. Prepares Certificates of
Accreditation
b. Prints two (2) copies
c. Initials on copies
d. Sign certificates
e. Releases Certificate of
accreditation and forwards
duplicate file to Specialist
assigned
f. Files Certificate and all
FEES
FORM
MSRD
152 | P a gCRMD
e
PROCESSING OF REQUEST FOR SEC CLEARANCE/CERTIFICATE OF GOOD STANDING

NOTE: This application procedure is applicable for the request for SEC Clearance/Certificate of Good Standing
a. Any entity as may be allowed by the Commission
b. Holder of the Secondary License
SEC-MSRD request form
Duration:
1 day

STEP
1
APPLICANT/CLIENT
Advises applicant to
submit SEC-MSRD
request form
Submits of SEC-MSRD
request form
SERVICES PROVIDER
Gives client the necessary instructions
Receives request form or letter-request,

logs in and forward the letter-request to
the assigned Specialist, if applicant is a
holder of a secondary license. If not,
prepares a clearance.
(UNDER NORMAL
CIRCUMSTANCES)
10 minutes
Support Staff
30 minutes
Support Staff
PERSON IN CHARGE
FEES
FORM
SEC-MSRD
request form
None
MSRD
153 | P a gCRMD
e
STEP
APPLICANT/CLIENT
1
2
(UNDER NORMAL
CIRCUMSTANCES)
SERVICES PROVIDER
Logs in and forwards letter-request to

Specialist- incharge.
Evaluates request and prepares the
clearance needed and returns
to Support Staff for recording purposes.
Reviews Clearance:
a. If no revision is needed, forwards
for signing
10 minutes
Support Staff
30 minutes
Specialist assigned
30 minutes
Division Head
15 minutes
Specialist assigned
10 minutes
Support Staff
10 minutes
Support Staff
30 minutes
Director
10 minutes
Director
10 minutes
Specialist assigned
FEES
b.
5
6
7
8
If revision is needed, returns to

specialist for revision.
Makes the necessary revision and forward
the same to the Supporting Staff for
recording.
PERSON IN CHARGE
Support Staff forward the it to the

Clearance to the Division Head for initial.
Forwards the Clearance to the Director for
final review/signature.
Reviews Clearance and recommend
revisions, if warranted.
If no further comments/revisions, signs
and forward to the Support Staff for
release.
Files clearance, letter-request and
supporting documents.
END OF TRANSACTION
MSRD
154 | P a gCRMD
e
FORM
PROCESSING OF REQUEST FOR COMMENT/RECOMMENDATION ON THE APPLICATION FOR ARTICLES

OF INCORPORATION/PARTNERSHIP/BY-LAWS AND AMENDMENTS RELATIVE THERETO
NOTE: This application procedure is applicable for the request for Comments/Recommendation relative to any application for
registration/amendments to Articles of Incorporation/By-Laws and Partnership
a. Any entity as may be allowed by the Commission
b. Holder of the Secondary License
Request Form
STEP
1
2
APPLICANT / CLIENT
Advises applicant to submit

Submits of SEC-MSRD
request form
SERVICE PROVIDER
Gives client the necessary

instructions
Receives request form or letterrequest, logs in and forwards the
letter-request to the assigned
Specialist, if applicant is a holder of
a secondary license. If not,
prepares comments/
recommendations
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
10 minutes
Support Staff
30 minutes
Support Staff
PERSON IN
CHARGE
FEES
FORM

None
MSRD
155 | P a gCRMD
e
STEP
APPLICANT / CLIENT
1
2
SERVICE PROVIDER
Logs in and forwards letterrequest to Specialist- in- change.

Evaluates request and prepares
the comments/recommendations
and returns to Support Staff for
recording purposes.
Reviews Comments/
Recommendation:
a. If no revision is needed,
forwards to Director for
signature.
b. If revision is needed,
returns to specialist for
revision.
Makes the necessary revision and
forward the it to the Support Staff
for recording.
Forwards the comments/
recommendations to the Division
Head for initials.
Forwards the comments/
recommendations the Director for
final review/signature.
Reviews comments/
recommendation and
recommends revisions, if
warranted.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
PERSON IN
CHARGE
10 minutes
Support Staff
1 day
Specialist
assigned
1-2 hours
Division Head
15 minutes
Specialist
assigned
10 minutes
Support Staff
10 minutes
Support Staff
1 hour
Director
FEES
FORM
MSRD
156 | P a gCRMD
e
STEP
APPLICANT / CLIENT
8
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
SERVICE PROVIDER
If no further comment/revisions,
signs and forwards to the Support
Staff for release.
File comments/recommendations,
letter-request and supporting
documents.
10 minutes
10 minutes
PERSON IN
CHARGE
FEES
FORM
Director
Specialist
assigned
END OF TRANSACTION
PROCESSING OF REQUEST FOR EXEMPTIVE RELIEF

NOTE: This application procedure is applicable for the request for SEC Clearance
Who may avail of the service:
Any entity as may be allowed by the Commission
Duration: 1 Day
MSRD
157 | P a gCRMD
e

STEP
APPLICANT/CLIENT
Advises applicant to
submit SEC-MSRD
request form
Submits request form of
Letter Request
Presents the PAF to the

Cashier and pat required
fee
Submits the machinevalidated PAF to MSRD
SERVICES PROVIDER
Gives client the necessary instructions
Prepares Payment Assessment Form (PAF) and

advise client to pays the prescribed fee at the
Cashier, if applicable.
Receives payment and issues corresponding
O.R
1.
Receives the machine-validated PAF

and attaches the it to the request
form/letter-request.
2.
Stamps received the letter-request

or received the request form
including PAF.
Returns one (1) copy of the letterrequest to the client.

Receives request form or letter-request, log in
and forwards the same to the assigned
Specialist, if applicant is a holder of a
secondary license. If not, prepares a Clearance.
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
10 minutes
Support Staff
10 minutes
Support Staff
10 minutes
Cashier
5 minutes
Support Staff
30 minutes
Support Staff
PERSON IN CHARGE
FEES
FORM
Letter-request
3.
MSRD
158 | P a gCRMD
e
STEP
APPLICANT/CLIENT
1
2
3
4
5
6
SERVICES PROVIDER
Logs in and forwards letter-request to

Specialist- in -charge
Evaluates request and prepares the clearance
needed and return to Support Staff for
recording purposes.
Review Clearance:
a. If no revision is needed, forward it to
Director for signature.
b. If revisions are needed, returns to
Specialist for revision
Reviews Memorandum and forwards it to
Support Staff
Support Staff logs memorandum and forwards
it to Director
Reviews Memorandum and recommends
revision, if warranted
If no further comments/revisions, signs and
present memorandum to the Commission for
approval
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN CHARGE
10 minutes
Support Staff
30 minutes
Specialist assigned
FEES
30 minutes
1 day
Division Head
30 minutes
Support Staff
3 hours
Director
1 day
Director
MSRD
159 | P a gCRMD
e
FORM
STEP
APPLICANT/CLIENT
7
12
13
14
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
SERVICES PROVIDER

Commission on the application.
a. If approved, prepares a letter
informing the applicant of the
approval;
b. If not approved, prepares a letter
informing the applicant of the denial
of the request and additional
instructions/guidance from the
Commission.
Reviews and countersigns the letter if no
revision and forwards it to the Support Staff
for logging and signature of the Director
Final review and signing of the letter
Logs and releases the letter for fax and mailing
Files letter-request and all supporting
documents including Memorandum to and
Resolution from the Commission En Banc
PERSON IN CHARGE
1 day
Specialist assigned
30mins
Division Head
30 minutes
30 minutes
15 minutes
Director
Support Staff
Specialist assigned
FEES
END OF TRANSACTION
MSRD
CRMD
160 | P a g e
FORM

OF THE
ENFORCEMENT & INVESTOR PROTECTION DEPARTMENT
Investigates, motu proprio or upon complaint or referral, violations of laws rules and regulations enforced by the Commission;
Initiates the issuance of a Cease and Desist Order (CDO) by the Commission;
Conducts surveillance of the trading of securities in the exchanges and ensures compliance of market participants and
intermediaries with Sections 24, 26 and 27 of the SRC and its IRR;
Acts as the Anti-Money Laundering Desk of the Commission and acts on all requests made by the AMLC;
Acts as representative of the Commission on all matters relating to the IOSCO;
Performs such other functions as may be assigned by the Commission En Banc or the Chair.
Investigation & Prosecution Division

1.
2.
3.
4.
5.
6.
Investigates, motu proprio or upon complaint or referral, violations of laws rules and regulations enforced by the
Commission;
Initiates the issuance of a Cease and Desist Order (COO) by the Commission;
Initiates administrative and/or criminal actions against erring individuals, corporations, partnerships or associations;
Issues Orders for the imposition of fine and/or other administrative penalties;
As representative of the Commission, actively prosecutes criminal cases in courts;
Prepares and files necessary pleadings as required in administrative and criminal cases handled by the Division
Market Surveillance Division

Conducts surveillance of trading securities in the exchanges and ensures compliance of market
participants and intermediaries with Sections 24, 26 and 27 of the SRC and its IRR.
161 | P a g e
Special Operations Division

1.
2.
3.
4.
5.
6.
Acts on the requests for assistance by foreign and local law enforcement authorities and foreign
regulator;
Acts as the Anti-Money Laundering Desk of the Commission and acts on all requests
made by the AMLC
Attends regular meetings of the NALECC as representative of the Commission and acts on all
requests made by the NALECC members;
Attends and renders assistance to walk-in complainants
Issues advisories on investment scams
Acts as representative of the Commission on all matters relating to the IOSCO.
RECEIPT AND FILING OF COMPLAINT

8:00AM - 5:00 PM without noon break Monday to Friday
Public (Investors, members, Stockholders, Officers, NGO's etc.)
What Are The Requirement:
1. Verified Complaint-Affidavit with Certification on Non-Forum Shopping
2. Supporting documents, evidences
3. Filing fee PhP 510
EIPD
162 | P a gCRMD
e

STEP
1
2
CLIENT
SERVICES PROVIDER
Registers with the guard (lobby)

and waits to be called
Gives out Complaint Form/Request Slip
Fills up Complaint
Form/Request Slip
Assesses the inquiry/request for

assistance/verbal complaint to determine
whether the Commission has jurisdiction
and if without jurisdiction, recommends
appropriate action.
If the Commission has jurisdiction, requests
the client to prepare and submit a verified
complaint with Certification on Non-forum
Shopping and other supporting documents
1 minute
Guard on Duty
15 minutes
Holds conference/meeting with the Client
PERSON IN
CHARGE
FEES
FORM
None
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
1 hour or depends
on the subject of
complaint
Submits 2 original copies of

verified complaint with
Certification on Non-forum
Shopping and other supporting
documents to the Office of the
Director
None
Complaint
Form/Request
Form
None
Complaint
Form/Reques
t Form
Officer of the Day
None
None
Officer of the Day
None
None
Office of the
Directors Staff
None
Verified
complaint
with
Certification
on
Non-forum
Shopping
Assesses of the verified complaint if it
satisfies the formal requisites
15 minutes
Officer of the Day
EIPD
163 | P a gCRMD
e
STEP
CLIENT
10
11
SERVICES PROVIDER
If the verified complaint is acceptable, issues

Payment Assessment Form for the filling fee
is issued
Proceeds to the Cashier
Upon payment, goes back to
the Office of the Director,
presents proof of payment, and
submits the receiving copy of
the Verified Complaint
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
5 minutes
10 minutes
PERSON IN
CHARGE
FEES
Office of the
Directors Staff
Cashier
Office of the
Directors Staff
Payment
Assessment
Form
PhP 510
END OF TRANSACTION
EIPD
CRMD
FORM
164 | P a g e

OF THE
ECONOMIC RESEARCH & TRAINING DEPARTMENT

Coordinates the conduct of strategic and operational planning and implementation of the SEC including the formulation and
monitoring of the accomplishments under the Capital Market Development Plan Blueprint; prepare and disseminate information
materials on the policies, plans, programs and accomplishments of the SEC including the publication of the SEC Annual Report;
acts as the focal department in the SEC on matters relating to performance governance system and quality management
programs;
Undertakes relevant economic researches and publishes investment and financial statistics and analytics based on SEC filings;
coordinates the preparation and publication of the annual ranking of the Philippines; provides technical support to inter-agency
coordination on matters relating to international trade in financial services including the following: multilateral [eg. World Bank,
World Trade Organization, International Finance Corporation], regional [ASEAN, ADB, APEC], and bilateral [JPEPA, ASEAN vis-vis other countries]; and,
Undertakes periodic training needs assessment for the participants of the Philippine financial and capital markets, including the
internal capability building needs of the SEC human resources; and
Recommends programs for career growth and human resource development of the internal public for implementation by the
HRAD.
Strategic Management & Planning Division
1. Coordinates the conduct of strategic and operational planning and implementation;
2. Prepares and disseminates information materials on the policies, plans, programs and accomplishments of the Commission;
3. Undertakes periodic agency performance monitoring and reporting to external demand agencies (e.g. DOF, DBM, OP,
Congress, etc.)
4. Coordinates the formulation and monitoring of the accomplishments on the commitments of the Commission under the
Capital Market Development Plan Blueprint and on matters relating to national and financial sector plan formulation;
5. Acts as the focal department in the SEC on matters relating to performance governance system and quality management
programs;
6. Provides secretariat services to the Strategic Performance Management System team;
7. Prepares and publishes the SEC Annual Report.
165 | P a g e

Economic Research & Statistics Division
1. Publishes investment and financial statistics and analytics based on SEC filings;
2. Provides technical support to inter-agency coordination on matters relating to international trade in financial services
including the following: multi-lateral (e.g. World Bank, World Trade Organization, International Finance Corporation),
regional (ASEAN, ADB, APEC) and bilateral (JPEPA, ASEAN vis-a-a-vis other countries);
3. Coordinates the preparation and publication of the annual ranking of the Philippines top corporations and related studies;
4. Proposes the annual research agenda of the Commission for approval by the Commission En Banc and undertake the same
in coordination with the primary source SEC department or office;
5. Compiles relevant statistics in compliance with inter-agency statistical requirements (BSP, NSCB, NSO, etc.)
Training Division
1.1. Undertakes periodic training needs assessment of the participants of the Philippine financial and capital markets as well as
the internal public to identify training goals which enables SEC officials and employees to meet organizational goals;
2.2. Conducts regular [monthly] or special [upon request of a firm for a group of 30 examinees] accreditation or licensing
examinations for market participants;
3.3. Updates regularly the content, syllabi and methodology of capital market training and reviews programs to ensure relevance
to SEC regulatory and compliance requirements; In coordination with concerned SEC departments and offices, updates
regularly the content in the question pool to ensure relevance and applicability to current situation and regulatory
requirements;
4.4. Evaluates offers from external service providers to partner with SEC on review and training programs for market
participants;
5.5. Maintains an updated pool of highly-qualified internal or external trainers for CMTD training and review programs.
6.6. Recommends programs for career growth and human resource development activities of the internal public for
implementation by HRAD.
7.
ERTD
166 | P a CRMD
ge
SEMINAR/EXAMINATION FOR ASSOCIATED PERSONS (AP)

Schedule of Availability of Service
8:00AM to 5:00 PM Mondays to Fridays (no noon break)
Associated Persons, Certified Securities Representatives, Mutual Funds & Fixed Income Salesmen
Endorsement from the respective participants; Walk-in applicants
Duration: 1 (one) hour
Step
Applicant/Client
(under normal
circumstances)
Service Provider
Person-in-Charge
1. Pre-registration
Examinee
ERTD
5 minutes
Training Staff
2. Payment
Examinee
SEC Treasury Division
15 minutes
Cashier
Examinee
ERTD
5 minutes
Training Staff
Examinee
ERTD/ICTD
3. Issuance of
examination
permit
4. Release of Results
One (1) week after

the examination
END OF TRANSACTION
ICTD/ERTD Staff
Fees
Form
PAF
PhP5,500
PAF/Receipt of
Payment
PAF/Receipt of
Payment/ Regis
Congratulatory
Letter
ERTD
167 | P a gCRMD
e
PAYMENT OF EXAMINATION FEES- REGULAR EXAMINATION

8:00-AM 5:00 PM Mondays to Fridays (no noon break)
Associated Persons, Certified Securities Representatives, Mutual Funds & Fixed Income Salesmen
Endorsement from the respective Participants; Walk-in
Duration: 1 Hour
Step
Applicant/Client
Service Provider
(under normal
circumstances)
Person-in-Charge
1.Pre-registration
Examinee
ERTD
5 minutes
Training Staff
2.Payment
Examinee
SEC Treasury Division
15 minutes
Cashier
3.Issuance of
Examination permit
Examinee
ERTD
5 minutes
Training Staff
4.Release of Results
Examinee
ERTD/ICTD
One (1) week after

the examination
END OF TRANSACTION
ICTD/ERTD Staff
Fees
Form
PAF
PhP500
PAF/Receipt of
Payment
PAF/Receipt of
Payment/Registration
Form
Congratulatory Letter
ERTD
CRMD
168 | P a g e

OF THE
FINANCIAL MANAGEMENT DEPARTMENT

The Financial Management Department implements financial policies and procedures in accordance with government rules and
regulations. It develops and recommends budgetary plans and programs for the Securities and Exchange Commission, evaluates
existing policies on budgetary and fiscal matters, and recommends measures to improve the financial management of the
Securities and Exchange Commission. In order to accomplish its responsibilities, the Department does the following:
Prepares annual, supplemental and special budgets, fiscal plans, financial and budgetary reports, and requests for
changes in financial plans of fund releases.
Handles preparation of vouchers and request for obligation of allotments; monitors and attends to
budgetary needs of all SEC operating units, including the extension offices.
Liaisons with the Department of Budget and Management, Department of Finance, Commission on Audit and other
government offices. Manages all SEC fund releases and proper allocations to different programs, projects and
activities of the SEC.
Participates in the determination of proper fees, fines/penalties and other charges that the SEC may impose on its
clientele.
Handles immediate payment of all SEC creditors, and attends to the immediate refund of fees, remittances to the
client business entities whose computation became excessive due to change in capitalization or cancellation of
original request.
Undertakes collection of all SEC income from its clientele and immediate deposit of the same to the National
Treasury.
Prepares and issues checks to all creditors of the SEC, issues salaries and allowances to all SEC employees.
Serves as custodian of promissory notes of registered commercial paper issuers and deposit substitutes of
multinationals and other foreign corporations doing business in the Philippines.
Records financial transactions of the Commission and prepares financial statements;
Pre-audits all disbursements for accu racy and compliance with rules and regulations on disbursements.
Reconciles bank statements against book balances of all bank accounts of the head office and the extension offices.
Remits withheld taxes to the Bureau of Internal Revenue.
169 | P a g e
Remits premiums and loan deductions to GSIS, HDMF, PHILHEALTH, SECCU, SECEA, Provident Fund and PHILAM
Prepares regular payroll, overtime, contractual and benefits of employees
Prepares the monthly report of income and request confirmation from the Bureau of Treasury of income
collected.
Prepares report of collections of Legal Research Fee for credit to UP Account at the BTR
Prepares and distributes pay slips of employees
Remits deductions for GSIS,HDMF, BIR & PHILHEALTH of EOs
Prepares monthly BIR Form 2306, 2307,1600,1601
Prepares BIR Form 2316 and the Annual Alpahlist
Acts as the Authorized Administrative Officer for GSIS Reconciles subsidiary ledgers against the general ledger
Reconciles statement from the procurement service against book balances
Handles bookkeeping of and operation of the Provident Fund.
Performs such other functions as may be assigned by the Commission En Banc or the Chair.
FMD
PURCHASE OF PIN MAILER
Schedule of availability of service:
8:00AM to 5:00PM Mondays to Fridays (no noon break)
Walk-in public clients/customers
1. Fully accomplished Purchase Order Slip (POS)
2. Payment
Duration: 20 seconds
FMD
170 | P aCRMD
ge

STEP
APPLICANT/CLIENT
Gets priority service number

and fills-up completely the
Purchase Order Slip (POS)
Waits for the queuing number
to be served
Pays to the cashier with

completely filled-up POS
SERVICES PROVIDER
Processes payment and issue official

receipt together with the PIN Mailer
(UNDER NORMAL
CIRCUMSTANCES)
5 seconds
No definite time for it

depends on the number of
transactions of the client
being served
15 minutes
PERSON IN
CHARGE
Guard on duty
(cashier area)
SEC Cashier
FEES
POS
PhP100.00
PURCHASE OF SERVICE STAMPS

Walk-in public clients/customers
Payment
Duration: 2 seconds
FORM
FMD
171 | P aCRMD
ge
POS

STEP
APPLICANT/CLIENT
Pays directly to the cashier
without need of priority
service number and POS
SERVICES PROVIDER
Processes payment and issue service stamp
(UNDER NORMAL
CIRCUMSTANCES)
2 seconds
PERSON IN
CHARGE
SEC Cashier
FEES
FORM
PhP40.00 per
service stamp
END OF TRANSACTION
PAYMENT OF FEES FOR REGISTRATION TRANSACTION

Who may avail of the Service: Filer/s or company representative/s
What Are the Requirement/s:
1. Payment Assessment Form (PAF)
2. Payment
Duration: 5 minutes
STEP
APPLICANT/CLIENT
SERVICES PROVIDER
Get s priority service number
(UNDER NORMAL
CIRCUMSTANCES)
3 seconds
PERSON IN
CHARGE
FEES
Guard -onduty

(cashier area)
FMD
172 | P aCRMD
ge
FORM

STEP
APPLICANT/CLIENT
SERVICES PROVIDER

to be served
Pay to the Cashier with PAF

form concerned operating
department
Goes back to the concerned

operating department
Processes payment by encoding

the PAF number in the SEC iReport Cashiering Module. If in
order, issues official receipt, and
returns the machine-validated
PAF to the client
(UNDER NORMAL
CIRCUMSTANCES)
No definite time for it depends
on the number of transactions
of the client being served
4 minutes
PERSON IN
CHARGE
FEES
FORM
SEC Cashier
SEC Cashier
depends on
type of
transaction/s
END OF TRANSACTION
PAYMENT OF FEES FOR NON-REGISTRATION TRANSACTION

Company representative/Payer
What Are the Requirement/s:
1. Payment Assessment Form (PAF)
2. Payment
Duration: 5 minutes
FMD
173 | P aCRMD
ge
PAF

STEP
APPLICANT/CLIENT
Gets priority service number

to be served
Pays to the Cashier with PAF

form
concerned
operating
department
Goes back to the concerned

operating department
(UNDER NORMAL
CIRCUMSTANCES)
3 seconds
SERVICES PROVIDER
Processes Payment by encoding

the PAF number in the SEC i-Report
Cashiering Module. If in order
issues official receipt, and returns
the machine-validated PAF to the
client
No definite time for it

depends on the number
of transactions of the
client being served
4 minutes
PERSON IN
CHARGE
Guard on duty
(cashier area)
SEC Cashier
SEC Cashier
FEES
depends on type
of transaction/s
END OF TRANSACTION
FMD
CRMD
174 | P a g e
FORM
PAF

OF THE
HUMAN RESOURCE & ADMINISTRATIVE DEPARTMENT

The HRAD implements the laws and policies related to recruitment and employment; recommends and implement programs
for career growth and human resource development; and provides timely and effective administrative and maintenance support
to the Departments and Offices of the Commission.
Implements CSC laws, rules and regulations, in matter of recruitment and selection, training and staff development,
scholarship grants, performance management, merit promotion, employee welfare and administrate
disciplinary actions.
Manages the activities of the Medical and Dental Unit in providing health care to SEC employees.
Conducts human resource (HR) policy research.
Implements internal and external communications system such as publication of newsletter, SEC Circulars, Vacant Position
and other publication as may be assigned from time to time.
Coordinates with the Office of Commission Secretary on media-related matters.
Manages the SEC Library.
Provides timely and effective administrative and general services support to the departments and offices of the
Commission.
Provides administrative support and assistance in the procurement process of the SEC in accordance with Republic
Act No. 8194 and its Revised Implementing Rules and Regulations (IRR) and other applicable laws and rules.
Reviews and submits SALN of employees to appropriate agencies.
Manages the Citizens Charter and monitors compliance with the Anti-Red Tape Act of 2001 (RA 8974).
Plans and implements Gender and Development (GAD) programs.
Plans and implements Senior-Citizens-related concerns.
Administers the internship program.
Performs such other functions as may be directed by the Chair and Commissioners.
175 | P a g e
Human Resources Management & Development Division

1.
2.
3.
4.
5.
6.
7.
8.
9.
Implements CSC laws, rules and regulations, in matters of recruitment and selection, performance management, merit
promotion, employee welfare and administrative disciplinary actions which includes the following:
Manages the activities of the Medical and Dental Unit in providing health care to SEC employees
Issues certificate of employment, service record, no pending case, appearance, etc.
Monitors/reports attendance and punctuality of the employees and computes and updates leave balances.
Facilitates GSIS, Philhealth, Pag-IBIG memberships, loans and other concerns.
Maintains and manages 201 files of officials and employees of the Commission;
Acts as Secretariat to the Personnel Selection Board (PSB), Grievance Machinery Committee GMC) and Investigating
Committee (IC).
Reviews and submits SALNs to appropriate agencies
Performs such other functions as may be directed by the HRAD Director.
General Services Division

1.
2.
3.
4.
5.
Provides timely and effective administrative and maintenance support to all departments, offices and units
of the Commission on building, security, janitorial and transport services;
Ensures the safety and proper maintenance of official properties and equipment;
Conducts annual inventory of properties and equipment of the Commission in accordance with laws, rules
regulations; and
Manages provision of office supplies.
Performs such other functions as may be directed by the HRAD Director
HRAD
176 | P aCRMD
ge
Learning Resource & Information Division

1.
2.
3.
4.
5.
6.
Publishes the SEC Newsletter and other forms of employee communications;
Coordinates with the Office of the Commission Secretary on media relations and undertakes special media projects;
Pans and implements SEC Gender and Development (GAD) programs;
Conducts human resources (HR) policy research;
Acts as Secretariat to the Personnel Development Committee (PDC);
Plans and Conducts all trainings/seminars and other HR development interventions for SEC personnel, whether
funded through SEC appropriations or external grants;
7. Monitors compliance to the Anti-Red Tape Act of 2001
8. Administers the SEC Internship Program; and
9. Manages the SEC Library.
10. Plans and implements Senior -Citizens- related concerns.
11. Performs such other functions as may be directed by the HRAD Director
Procurement Division
1.
2.
3.
4.
5.
6.
7.
Provides administrative support to the Bids and Awards Committee (BAC);

Organizes and makes all necessary arrangements for BAC meetings and conferences;
Manages the sale and distribution of Bidding Documents to interested bidders;
Advertises and/or post bidding opportunities, including bidding documents, and Notices of Awards;
Monitors procurement activities and milestones for proper reporting to relevant agencies when required; and
Consolidates Project Procurement Management Plans (PPMPs) from various SEC Departments/Offices/EOs and
prepares the SEC Annual Procurement Plan (APP).
Performs such other functions as may be directed by the HRAD Director
HRAD
177 | P aCRMD
ge
HRAD
178 | P aCRMD
ge
HRAD
179 | P aCRMD
ge
HRAD
180 | P aCRMD
ge
HRAD
181 | P aCRMD
ge
HRAD
182 | P aCRMD
ge
HRAD
CRMD
183 | P a g e

OF THE
INFORMATION & COMMUNICATIONS TECHNOLOGY DEPARTMENT
Formulates the SEC Information Systems Strategic Plan (ISSP) and coordinates activities relative to the
implementation thereof;
Undertakes p rocurement p lanning, a cquisition, and d eployment o f t he C ommission's Information and
C ommunications Technology (ICT) Resources in accordance w ith t he S EC-ISSP;
Acts as lead coordinator on application systems development activities, including the administration and
maintenance of the systems developed and deployed Commission-wide;
Performs capacity-planning activities and administers the network and communications infrastructure of
the Commission including establishment of linkages between the SEC head office and extension offices;
Promotes the development of an efficient management information system in the Commission;
Ensures the proper maintenance of the computer facilities and systems of the Commission;
Maintains and manages the content of the SEC Website <www.sec.gov.ph>;
Prepares the terms of reference and oversees activities for preserving the integrity of the SEC data (through the
conduct of a database cleanup and undertaking the related maintenance service agreements);
Participates in inter-agency electronic linkages and data-sharing arrangements such as the electronic issuance
of pre-generated TINs to newly-registered corporations and partnerships, and the Philippine Business Registry
project, wherein the SEC provides the list of newly-registered firms daily;
Updates the database entries relative to amendments to the capital structure/contributed capital of company
registration with the SEC;
Performs other technical support services as may be assigned by the SEC Officials;
Receives reports and applications and releases SEC documents except applications processed and approved by the
CRMD;
Maintains electronic copies of documents and reports submitted to SEC. Develops and updates procedures and
standards for electronic and paper copy records retention at the SEC and ensure that the standards are applied in
all departments;
184 | P a g e
Stores the official electronic records of the SEC and ensures the records are available upon request;
Coordinates with the other departments/ offices in the disposal of records in accordance with Philippine law and
SEC policy;
Assists in the preparation of annual budget insofar as the records keeping and management is concerned;
Handles records keeping and filing of SEC documents;
Provides information to the public;
Retrieves and prepares corporate/partnership documents requested by SEC clients for authentication of the CRMD
Information Systems Development & Management Division

1. Formulates Information Systems strategic plan and budget.
2.
Manages and supervises information system development projects
3.
Develops/formulates system/ICT standards, policies and procedures.
4.
Manages the development and maintenance of the website.
5.
Manages transition of information systems developed into production and provides system.
6.
Administers the operation of Information system/s in production.
7.
Manages database build up/conversion/population.
8.
Monitors system performance.
9.
Manages and maintains IT Library and information resources/assets.
Systems Operations Division

1. Manages system software (Operating System, Firewall, Anti-Virus, etc.) and version updates.
2.
Manages network and computer services (e.g. internet, email, video conferencing, etc.)
3.
Manages databases and servers.
4.
Secures network and databases.

ICTD
185 | P a CRMD
ge

5.
Provides HW and SW set up and installation support.
6.
Provides technical support, trouble-shooting and repairs.
7.
Responds to incoming requests for help, support, problems, etc.
8.
Tracks and monitors incoming requests for help, support, problems, etc.
Electronic Records Management Division

1. Records and releases SEC documents and maintains official records of SEC.
2. Develops and updates procedures and standards for electronic and paper copy records retention at the SEC
and ensures that the standards are applied in all departments.
3. Develops and implements the most effective means of storing and retrieving records in electronic format.
4. Stores the official electronic records of the SEC and ensures the records are available upon request.
5.
Oversees destruction of records under Philippine law and SEC policy.
6.
Handles records keeping and filing of SEC documents.
7.
Provides information to the public and issues certified true copy of corporate/partnership documents
requested by SEC clients at the PRU.
Provides information to the public at the PRU on corporate/ partnership status and direct walk-in
clients to other SEC Departments/Offices for other issues and concerns that requires assistance/advice.
8.
ICTD
186 | P aCRMD
ge
RECEIVING OF DOCUMENTS
8:00am to 5:00 pm, Mondays to Fridays (no noon break)
General public
Duration: 10 minutes
STEP
APPLICANT/CLIENT
Get a queue number then
wait
SERVICES PROVIDER
(UNDER NORMAL
CIRCUMSTANCES)
1 minute
3 minutes
1. Calls the client on queue, submit reports

2. Checks completeness of documents
3. Receives/submits the document into the
I-Submit Module
3 minutes
4. Retains two copies & returns third copy
along with an acknowledgement page to
client
3 minutes
END OF TRANSACTION
PERSON IN
CHARGE
Receiving Officer
FEES
None
ICTD
187 | P aCRMD
ge
FORM
None
RELEASING OF DOCUMENTS
8:00 am to 5:00 pm, Mondays to Fridays (no noon break)
General public
Original Official Receipt presented
STEP
APPLICANT/CLIENT
Gets a queue number then

wait
SERVICES PROVIDER
1.
2.
Accomplishes information
required in the logbook
Call the client on queue.
Releasing Officer checks

completeness of documents
Releasing Officer releases document
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
1 minute
PERSON IN
CHARGE
FEES
FORM
Releasing Officer
None
None
Releasing Officer
None
none
4 minutes
5 minutes
END OF TRANSACTION
ICTD
188 | P aCRMD
ge
RETRIEVAL OF DOCUMENTS
8:00 am to 5:00 pm, Mondays to Fridays (no noon break)
General public
1) Fully accomplished Clearance Form (PRU Form 97-05)
2) Fully accomplished Request Form (PRU Form 97-02/PRU Form 97-03)
3) Payment Assessment Form (PAF)
STEP
APPLICANT/CLIENT
a)
b)
Fills out Clearance Form

Submits to Information
Counter for verification
SERVICES PROVIDER
a)
Stamps time IN and gives

Clearance Form to client;
b) Verifies request;
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
2 minutes & 30
seconds
PERSON IN
CHARGE
a)
Guard- onduty;
b) Information
Counter
Personnel
FEES
FORM
PRU Form
97-05
ICTD
189 | P aCRMD
ge
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
STEP
APPLICANT/CLIENT
Fills out Request Form and

submits to Paper/Film Counter
personnel; waits for number
called
Presents request form with
assessed fees
Calls priority service number
7-10 minutes
Section Counter
Personnel
Prepares & prints Payment Assessment

Form
1 minute
PAF Counter
Personnel
Proceeds to Cashier to:
Accepts Payment and issues official

Receipt
a)
b)
5
a)
b)
Pays assessed fee;

Buys required Pin
mailer
(for Paper & Film)
Presents
payment/
receipt
and
get
document
(for I-view) Return to

Records Retriever; get
document
Lines up document for
authentication (CTC)
SERVICES PROVIDER
PERSON IN
CHARGE
FEES
PRU Form
97-02
PRU Form
97-03
Payment
Assessment
Form (PAF)
Cashier, Ground
Floor
Releases printed document
1 minutes
Records Retriever
AI- P100
BL- P100
GIS- P25
OthersP5/pages+P20
Creates Client account and prints

requested document fro, database;
7-10 minutes
Records Retriever
P100/pin
mailer
16 minutes
a) Authentication
Counter
Personnel;
b) Authorized
signatory
AI- P100
BL-P100
GIS- P50
OthersP5/pages+P20
/doc
a)
Checks
document
completeness, stamps
initials;
b)
Signs document
for
and
FORM
ICTD
190 | P aCRMD
ge
STEP
APPLICANT/CLIENT
SERVICES PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
PERSON IN
CHARGE
FOR PLAIN COPY PROCEED TO

STEP 7
Returns signed Clearance Form

to Guard
FEES
FORM
doc from
IVIEW P50/doc
w/ certificate
P20-others
Retrieves signed Clearance Form from
Client and stamps time OUT
Guard -on-duty
END OF TRANSACTION
PROCEDURE FOR REQUESTING LISTINGS:

STEP
APPLICANT/CLIENT
Fills-up
request form and
submit to ICTD
Evaluates request
Presents request form
Assesses request, prepares and prints

Proceeds to Cashier to pay

assessed fee
Presents request form and the
payment/receipt
Accepts payment and issues Official

Receipt
Transmits the request form and PAF to
System Developer
SERVICES PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
30 minutes to fillup the form
5 minutes to
generate
5 minutes
PERSON IN
CHARGE
FEES
Support Staff
Request for
ICTD
Information
services
Payment
Assessment
Form (PAF)
Support Staff
Cashier Ground
Floor
Support Staff
FORM
Initial payment
of P200
ICTD
CRMD
191 | P a g e
STEP
APPLICANT/CLIENT
Generates data requested and

assesses total payment due
Returns to the ICTD to get the

document
Proceeds
to
Cashier
if
additional payment required
Presents payment/ receipt and
get document
SERVICES PROVIDER
Checks record of requesting data if

ready for releasing and prepares PAF
for additional payment
Releases data request
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCES)
Due 15 working
days from receipt
of request and
PAF
PERSON IN
CHARGE
FEES
FORM
System Developer
5 minutes
Support Staff
15 minutes
Cashier Ground
Floor
Support Staff
REQUESTS FOR PLAIN/AUTHENTICATED DOCUMENTS:

Application at the SEC Office :
Clients who still want to PERSONALLY COME to request for documents will have to get A PRIOR APPOINTMENT:
Thru a phone call 737-888
By logging in to www.secexpress.ph.
Online Application:
Public may place their request at the user-friendly, web-based interface, pay at any of the designated payment channels,
and then wait for the documents to be delivered to them in three (3) days.
ICTD
192 | P aCRMD
ge

Call Center Facility:
Public may call the hotline 737-888 to place their requests for document/s, pay at any of the designated payment
channels, and then wait for the documents to be delivered in three (3) days.
ICTD
CRMD
193 | P a g e

OF THE
EXTENSION OFFICES
These offices will support the SEC Commission's enforcement and regulatory responsibilities and goals in field offices located in a
number of cities in the Philippines. In order to accomplish their responsibilities, these Offices will do the following:
Performs enforcement investigations in coordination with the Enforcement and Investor Protection Department (EIPD);
Performs inspections in coordination with the EIPD;
Support work for the Commission Head Office.
SEC BAGUIO EXTENSION OFFICE

PROCESSING OF APPLICATIONS FOR PRIMARY REGISTRATION
8:00 am- 5:00 pm with no noon break
Filipino citizens, Non-resident or Resident Aliens qualified to form corporations and partnerships
in accordance with applicable laws
Basic Requirements:
2. Document Cover Sheet
3. Articles of Incorporations (w/TIN and Undertaking to Change Name)
BEO
194 | P a CRMD
ge

4. By-Laws
5. Endorsement of other Government Agencies (if Applicable)
6. Notarized Bank Certificate (for Stock Corporations and Foundations Only)
Duration: 1 hour
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
(UNDER NORMAL
CIRCUMSTANCE)
10 minutes
PERSON IN
CHARGE
Any
attending
Personnel
1
name
Verification*
Gives proposed name/s

to attending staff
Gets service number instruction

from the guard- on- duty
2
Registration
Presents Name
Reservation Certification,
Articles and By-Laws
st
Issuance of 1
Endorsement, If
applicable
Evaluates documents to
determine sufficiency/
completeness
Checks for compliance with
Corporation Code on
Endorsement from Supervising
Government Agency
15 minutes
Securities
Counsel II
5 minutes
Securities
Counsel II,
any other
Attending
Personnel
Pay Required Filling Fees at

the Cashier
Confirms Registration Payment
5 minutes
Securities
Specialist
Prepares Certificate of Registration
10 minutes
Support Staff
Undertakes final Evaluation and

Signing of the Certificate of
Registration
10 minutes
Director
FEES
Depending on
Reservation
Period minimum
P40
Schedule of Fees/
Memorandum
Circular Attached by
SEC HRAD
BEO
195 | P aCRMD
ge
FORM
STEP
5
APPLICANT / CLIENT
Presents Official receipt
to secure Certificate of
Registration
SERVICE PROVIDER
Release of Certificate of
Registration
(UNDER NORMAL
CIRCUMSTANCE)
5 minutes
PERSON IN
CHARGE
SEC-BEO
Support Staff
FEES
END OF TRANSACTION
*If name verified by client himself proceeds to step 2
SEC CAGAYAN DE ORO EXTENSION OFFICE

PROCESSING OF NAME RESERVATION
8:00am to 5:00 pm with no noon break; Monday to Friday
Filipino citizen, Non-resident or resident aliens
Duly accomplished verification form
Duration: 8 minutes
CDO
196 | P aCRMD
ge
FORM

How to avail of the services:
STEP
APPLICANT/CLIENT
Gets a verification form from the

guard on duty, accomplishes it
and submits it
Brings the 2 copies of the
reservation notice to the cashier
for payment of the period of
reservation
SERVICES PROVIDER
Verifies the proposed name at the iregistr.sec.gov.ph and prints the
reservation notice in 2 copies
Accepts payment and issues official
receipt to the client including 1
reservation notice stamped paid.
(UNDER NORMAL
CIRCUMSTANCES)
8 minutes
PERSON IN
CHARGE
Verifier
2 minutes
Cashier
FEES
None
P40.00/ P80.00/
P120.00
END OF TRANSACTION
PROCESSING OF APPLICATION FOR PRIMARY REGISTRATION FOR A NON-STOCK

EXCLUDING APPLICATION WITH REQUIRED ENDORSEMENT FROM CONCERNED GOVERNMENT AGENCY
Monday to Friday 8:00am to 5:00 pm with no noon break
1. Coversheet
2. Reservation Notice
3. Articles of Incorporation and By-laws
4. Joint Affidavit of Undertaking to Change Name
5. Tax Identification Numbers
Note: Please use an A4 size of book paper.
CDO
197 | P aCRMD
ge
FORM
Verification
form

Duration: 3 days
STEP
3
4
5
6
APPLICANT / CLIENT
Submits application to the Evaluates documents to determine

Examiner of the day
completeness of registration requirements. If
complete, affixes initial for filling and payment
at the Cashier otherwise provides a checklist
for deficiencies.
Brings the checked
Accepts payment and issues official receipt to
application for payment of
the client
the filling fee
File s application duly paid
Receives filed application and stamp the
documents received
Forwards the received application to the
Examiner who evaluates completeness of the
documents
Reviews the application and forward to the
Director for final approval
If approved
Forward the same to the in-charge for the
preparation of Certificate otherwise return the
documents to the examiner for compliance
Prepares Certificate of Incorporation
8
9
SERVICE PROVIDER
Claims document
Signs Certificate and forward it to the

Releasing personnel
Releasing Documents
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
10minutes
PERSON IN CHARGE
FEES
Securities Specialist/
Securities Counsel
None
5 minutes
Cashier
P1,060.00
10 minutes
Receiving In-charge
None
Examiner
1 day & 25 minutes
None
1 day
Securities Counsel
SEC-CDOEO Director
6 minutes
In-charge
None
4 minutes
SEC-CDOEO Director
None
2 minutes
In-charge
None
None
END OF TRANSACTION
CDO
198 | P aCRMD
ge
FORM
PROCESSING OF APPLICATIONS FOR PRIMARY REGISTRATION FOR

A STOCK CORPORATION WHOSE PAID-UP CAPITAL IS IN CASH EXCLUDING APPLICATION
WITH REQUIRED ENDORSEMENT FROM CONCERNED GOVERNMENT AGENCY
Monday to Friday 8:00 am to 5:00 pm with no noon break
1. Coversheet
4. Treasurer's Affidavit under oath.
5. Bank Certificate
6. Affidavit (for non-resident alien)
7. ACR, ICARD, & ICR (for resident alien)
8. Joint Affidavit of Undertaking to Change Name
Duration: 3 days
CDO
199 | P aCRMD
ge

STEP
APPLICANT / CLIENT
Submit s application to
the Examiner of the day
Bring the checked

application for filling and
payment of the filling fee
SERVICE PROVIDER
Evaluates documents to determine
completeness of registration
requirements. If complete, affixes
initial for filling and payment at
the cashier; otherwise , provides a
checklist for deficiencies.
Accept payment and issue official
receipt to the client. Forward the
same to the Receiving Unit.
Receive filed application and

stamp the documents received.
Forward the received application
to the Examiner who evaluates the
document
Reviews the application, prepares
Examiners report, and
accomplishes routing slip.
Forwards the received application
to the Examiner who evaluates
the documents
Reviews the application. If
approved, forward the same to the
In-charge for the preparation of
Certification otherwise return the
documents to the examiner for
compliance
(UNDER NORMAL
CIRCUMSTANCE)
10 minutes
PERSON IN
CHARGE
Securities
Specialist/
Securities
Counsel
5 minutes
Cashier
10 minutes
Receiving Incharge
1 day & 25 minutes
Securities
Specialist/
Securities
Counsel
1 day
SEC-CDOEO
Director
FEES
None
Minimum Cap is
P500,000 AI- 1/5 of
1% of authorized BL
500, H-30, SB-10,
LRF-(1% of AI + 10)
CDO
200 | P aCRMD
ge
FORM
STEP
APPLICANT / CLIENT
6
7
8
Claims documents at the

releasing section
SERVICE PROVIDER
Prepares Certificate of
Incorporation
Signs Certificate and forward it to
the Releasing personnel
Releases Documents
(UNDER NORMAL
CIRCUMSTANCE)
6 minutes
4 minutes
PERSON IN
CHARGE
In-charge
SEC-CDOEO
Director
Releasing Officer
2 minutes
FEES
none
END OF TRANSACTION
PROCESSING OF APPLICATION FOR THE RECORDING OF PARTNERSHIP

WITH CAPITAL CONTRIBUTION IN CASH
Monday to Friday 8:00am to 5:00pm without noon break
1. Coversheet
3. Articles of Partnership
4. Bank Certificate (if partner is a foreigner)
Duration: 3 days
CDO
201 | P aCRMD
ge
FORM

STEP
APPLICANT / CLIENT
Submits application to the

Examiner of the day
Brings the checked

application for filling and
payment of the filling fee
Submit application & receipt
of filling fee
6
7
8
Claims documents at the

Releasing Section
SERVICE PROVIDER

completeness of registration requirements. If
complete, affixes initial for filling and
payment at the cashier otherwise provides a
Accepts payment and issues official receipt to
the client. Forwards the same to the receiving
section.
documents received. Forward s the received
application to the Examiner who evaluates
the document
Reviews the application and accomplishes
routing slip. Forwards the same to the
director for final review and approval
Reviews the application. If approved,
forwards the same to the Officer- In-charge
for the preparation of Certification otherwise
return the documents to the examiner for
compliance
Signs Certificate and forward it to the
Releasing personnel
Releases Documents
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
10 minutes
PERSON IN
CHARGE
Securities
Specialist/
Securities
Counsel
5 minutes
Cashier
10 minutes
Receiving Incharge
1 day & 25 minutes
Securities
Specialist/
Securities
Counsel
SEC-CDOEO
Director
1 day
6 minutes
4 minutes
2 minutes
In-charge
SEC-CDOEO
Director
Releasing
Officer
FEES
FORM
None
none
END OF TRANSACTION
CDO
202 | P aCRMD
ge
CEBU EXTENSION OFFICE

8:00am -5:00pm without noon break
What Are the BASIC Requirement:
1. Cover Sheet
2. Name Reservation Notice
3. Bank Certificate of Deposit (if stock corporation or foundation)
NOTE: Use A4 coupon bond
CEO
203 | P aCRMD
ge

STEP
1
Name
verification
APPLICANT / CLIENT
Gets and fills up
Verification request
form from the
Information
SERVICE PROVIDER
Issues service number to
applicant
(UNDER NORMAL
CIRCUMSTANCE)
2 to 3 minutes
PERSON IN
CHARGE
Guard -on -Duty
Instructs applicant to pay to 2 to 3 minutes

the cashier
Instructs applicant to call 2 to 3 minutes
two (2) weeks from date of
payment to inquire if name
verified is approved
Cashier
Brings approved name

reservation notice and
gets a service number
from the guard
Verifies/reserves
proposed corporate
name, prepares Articles
of Incorporation and
By-laws and others
pertinent documents
Pays filling fee and
others charges
Presents approved name

reservation in 2 copies
Cashier
Submits application to
the Receiving Section
FEES
FORM
Name
verification Slip
P40.00 for the

first 30 days.
Support Staff
For Online Users:
2(a) Registration
(when mode of
payment for
subscription is
CASH)
2(a) 1
2(a) 2
Presents application to
officer of the day for preprocessing
20 minutes
Officer of the Day
Receives payment of filling

fees and other charges
5 minutes
Stamps Received in the

application
Forwards application to the
processing lawyer for
review
10 minutes
Cashier refer to
Memorandum
Circular 9
Support Staff
20 minutes
Securities Counsel
P40 for the

first 30 days
Refer to attached
list of
documentary
requirements
CEO
204 | P aCRMD
ge
STEP
APPLICANT / CLIENT
2(a) 4
2(a) 5
2(a) 6
2(a) 7
Presents Official
Receipt to Releasing
Unit, to secure the
certificate
FOR ONLINE USERS:
2(b)
Registration
(when mode of
payment for
subscription is
OTHER THAN
CASH)
2(b) 1
SERVICE PROVIDER
If application is complete in
form and substance and in
conformity with the
Corporation Code, forwards
application to Support Staff
for typing
Signs Certificate
Forwards signed certificate
to Releasing Unit
Releases Certificate
(UNDER NORMAL
CIRCUMSTANCE)
10 minutes
FEES
FORM
Support Staff
10 minutes
2 minutes
Director
Support staff
2 minutes
Support Staff
For future implementation.

Currently taking measures
to implement on-line
capability
Verifies/reserves
Presents application to 20 minutes
proposed
corporate Officer of the Day and
name, prepares Articles Securities Counsel for preof Incorporation and processing
By-laws and other
pertinent documents
Requires applicant to Receives payment of filling
pay filling fee and other fees and other charges
charges
PERSON IN
CHARGE
Securities Counsel
5 minutes
Officer of the Day

and Securities
Specialist
Cashier
Refer to attached
list of
documentary
requirements
Refer to
Memorandum
Circular 9
CEO
205 | P aCRMD
ge
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
(UNDER NORMAL
CIRCUMSTANCE)
FOR ONLINE USERS:

2(b) 2
Submit s application to Stamped Received in the 10 minutes
the Receiving Unit
application
2(b) 3
Forwards application to the 30 to 45 minutes
Securities Specialist for the
preparation of the
Examiners Report then to
processing lawyer for
review
2(b) 4
If application is complete in 10 minutes
form and substance and in
conformity with the
Corporation Code, forwards
application to Support Staff
for typing
2(b) 5
Signs certificate
10 minutes
2(b) 6
Forwards signed Certificate 2 minutes
to Releasing Unit
2(b) 7
Present Official Receipt Releases Certificate
2 minutes
to Releasing Unit, to
secure the certificate
END OF TRANSACTION
PERSON IN
CHARGE
FEES
FORM
Support Staff
Securities
Specialist and
Securities Counsel
Securities
Counsel
Support Staff
Director
Support Staff
Support Staff
CEO
206 | P aCRMD
ge
PROCESSING OF APPLICATION FOR CERTIFICATION OF AUTHORITY

TO OPERATE AS LENDING CORPORATION
8:00 am - 5:00 pm without noon break

Filipino citizen, Non - resident or resident aliens
1.
Application Form
2.
Information Sheet
3.
Business Plan
4.
NBI Clearance of each Director/Officer
5.
For Foreign Director/Officer
a.
Clearance from the Bureau of Immigration
b.
Photocopy of the passport showing valid visa or stay in the Philippines
c.
Alien Certificate of Registration (ACR), I-Card and
d.
Work Permit issued by the Department of Labor and Employment
For New Corporation
6. Sworn Statement by the President that the corporation will not accept, solicit investment and/or incur loans from more
than nineteen (19) persons.
In case of unauthorized acceptance, solicitation of investments or borrowings, it shall immediately indemnify or return the
investments of persons upon presentation of valid claims.
CEO
207 | P aCRMD
ge

In case there is/are foreign stockholders, the President shall state of a foreign stockholder/s allows Filipino citizens and/or to do
lending business therein.
That the company shall comply with the Rule 17 1 (2) (C) of the Amended Rules and Regulations of the Securities Regulation Code.
PROCESSING OF APPLICATION FOR CERTIFICATION OF AUTHORITY

For Existing Corporation Lending Investors
1. Sworn statement by the President that the corporation has not accepted, solicited investment or incurred loans from more
than nineteen (19) persons and undertaking that the corporation will not accept, solicit investment and/or incur loans from
more than nineteen (19) persons. In case of unauthorized acceptance, solicitation of investments or borrowings, it shall
immediately indemnify of return the investment of persons upon presentation of valid claims.
In case there is/are foreign stockholders, the President shall state further that the country or state of foreign stockholders
allows Filipino citizens and/or corporation/s to do lending business therein.
2. Sworn Statement of the External Auditor (BOA Accredited) that based on his examination of the corporate books of account and
other related records, the Corporation/Partnership/Single Proprietorship engaged as a lending investors has neither accepted,
solicited investments nor incurred loans from more than nineteen (19) persons. Special audit report on the site verification of
financial records on the paid-up capital of the proposed lending corporation.
3. Schedule of Companys capital build-up capital shall be within 3 years from the effectivity of the Lending Company Act of
2007.
4. That the Company shall comply with a Rule 17 1 (2) (C) of the Amended Rules and Regulations of the
Securities Regulation Code.
CEO
208 | P aCRMD
ge
For Old and New Corporation

Manual on Good Corporate Governance and Revised Anti Money Laundering Operating Manual
NOTE: A4 coupon bond
How to avail the Service:
Step
Applicant/Client
Service Provider
Verifies/reserves proposed
corporate name and
prepares Articles of Inc Bylaws and other pertinent
documents
Pay s filing fee and other
charges
Presents application to Officer

of the Day for pre-processing
and evaluates documents to
determine completeness of
registration requirements
Receives payments of filing
fees and other charges

Receiving Unit
Stamped Received on the

application
Checks documents for
conformity with existing law;
ensures that all documents
requiring signatures and
notarization are signed; and
prepares memorandum report
Reviews application
3
4
Duration of
Activity
(Under Normal
Circumstances
20 minutes
Person in
Charge
Fees
Securities
Specialist
5 minutes
Cashier
10 minutes
Support Staff
30 45 minutes
Securities
Specialist
30 45 minutes
Securities
Counsel
Form
Refer to attached list

of documentary
requirements.
Refer to
Memorandum
Circular 9
CEO
209 | P aCRMD
ge
Step
Applicant/Client
7
8
Presents Official Receipt to

Releasing Unit, to secure
the certificate
Service Provider
Signs Certificate of Registration

and Certificate of Authority to
Operate as a Lending Company
Forwards to Releasing Section
Releases of Certificate
Duration of
Activity
(Under Normal
Circumstances
10 minutes
Director
2 minutes
2 minutes
Support Staff
Support Staff
Person in
Charge
Fees
Form
END OF TRANSACTION
DAVAO EXTENSION OFFICE

GENERAL PROCEDURE FOR REGISTRATION OF CORPORATIONS AND PARTNERSHIPS:
Schedule of Availability of Service
8:00 AM to 5:00 PM without noon break
What entities are registered with SEC:
Stock Corporations (including foreign corporations e.g. Branch Offices, Representatives offices, regional
Headquarters or regional operating requirements)
Non-Stock Corporations (Foundations, Associations, Non-government organizations, religious organizations, etc.)
Partnership (General and Limited Partnership)
*Generally, non-stock corporations need not submit Bank Certificate of Deposit except for Foundations which require a
Bank Certificate of Deposit in the amount of P1 million.
DEO
210 | P a CRMD
ge

STEP
Applicant/Client
Service Provider
Submits or calls-in
proposed company
name/s
Verifies/ Reserves proposed

Company Name through SEC
website
Prepares Articles of
in Accordance Corporation
Code.
If assistance is sought, advices

client on information needed in
said forms
Presents five (5) sets of

prepared and
accomplished Articles of
to Legal Unit for Pre- filing
conference
Review s documents and advises

client on needed corrections/
additions, if any.
(Under Normal
Circumstances)
5 minutes
Person in
Charge
Executive
Asst.
Fees
Form
P40 for each month of

reservations (max. 3
months)*
List of names
Blank Pro-forma
forms may be
purchased at
Davao Extension
Office
Initial Assistance= 15
minutes
Securities
Counsel
P600 for Pro-forma stock

corporation form;
P500 for non-stock & P350
for partnership **
15 minutes
Securities
Counsel
None
Endorse AOI and BL to different

government agencies, if required
If Articles of Incorporation and ByLaws are complete and in order,
the documents stamped
Approved for payment and
forwards them to Cashier
DEO
211 | P a CRMD
ge
STEP
Applicant/Client
Pays Filing Fees to Cashier
Service Provider
Issues Official Receipt and affixes
payment stamps on document
(Under Normal
Circumstances)
5 minutes
Person in
Charge
Cashier
Fees
Form
For stock corporations = 1/5

of 1% of authorized capital
plus legal Research Fee (LRF),
handling fee and stock and
transfer book registration fee
For non-stock = P1,000 plus

LRF, handling fee and
registration of membership
book.
Proceeds to Receiving
Station
Accomplishes documents to be
stamped Received
5 minutes
Receiving
Section Clerk
Proceeds to Legal Unit
Processes Documents and affixes

necessary signatures. If complete,
forwards them to Receiving Unit
for Typing of Certificate of
Incorporation
5 minutes
Securities
Counsel
In case of Stock corporations,

forward to Examiners Section for
preparation of Examiners Report
prior to typing of Certificate of
Incorporation
10 minutes
For Partnership= 1/5 of 1%

of contribution plus LRF and
handling fee
None
None
None
None
Securities
Specialist
DEO
212 | P aCRMD
ge
STEP
Applicant/Client
Service Provider
Proceed to Releasing
Section
Forward documents to Director

for final review and signing of
certificate of Incorporation
Review s and signs Certificate of
Incorporation then forwards it to
Releasing Unit
Client to acknowledges receipt of
approved certificate by signing in
the logbook
Claims Certificate of
Incorporation
(Under Normal
Circumstances)
5 minutes
Person in
Charge
Receiving
Section Clerk
Fees
None
15 minutes
Director
None
10 minutes
Releasing
Section Clerk
None
Form
None
1 set to be
released to
client. SEC
retains 4 sets.
END OF TRANSACTIONS
*Paid to Cashier
**Purchased from SECCU desk at Extension Office
ILOILO EXTENSION OFFICE

Schedule of Availability of Services:
8:00 am 5:00 pm without noon break
What are the Basic requirements:
1. Cover Sheet*
2. Name Verification Slip*
3. Articles of Incorporation and By-laws*
IEO
213 | P aCRMD
ge

4. Joint Undertaking to Change Name*
Step
1
Name
verification
Applicant/Client
Gets and fills up

Verification Request
nd
Form from the 2 Floor
For Online Users:

reservation to Cashier
2(a) Registration
(when mode of
payment for
subscription is
CASH)
Verifies/reserves
proposed corporate
name, prepares AOI and
BLs and other pertinent
documents
Service Provider
name verifier
When company name

is allowed, the Verifier
prints out the
Reservation Payment
Confirmation and
attaches it to the
stamped paid
verification slip
TELLERING DONE
(Under Normal
Circumstances)
10 minutes/
per name
Person In Charge
Clerk/
Messenger-NVer
Fees
P40.00 per
name
Clerk/
Messenger- NVer
Form
Name Verification
Slip
Reservation
Payment
Confirmation
OUTSIDE SEC
Cashier issues OR
Cashier-Executive
Assistant
NVer prints out

Reservation Payment
Confirmation
Assigns application for
pre-processing
Clerk/
Messenger -NVer
Support Clerical I
P40.00
Name Reservation
Notice
Reservation
Payment
Confirmation
Refer to attached
list of documentary
requirements
IEO
214 | P aCRMD
ge

Presents application to
processing CPA and/or
lawyers
Pays required filling fee

at the Cashier
Presents official receipt

registration
determine
completeness of
registration
requirements
Processing CPA &
lawyer affixes approved
for Payment on
documents
Receives and forwards
application to
processing CPA/lawyer
Securities
Specialist II /
Securities Counsel
Prepares
report/memorandum
Review
report/memorandum
Reviews legal aspect of
application
Securities
Specialist II
Securities
Specialist IV
Securities Counsel
Signs certificate of
registration
IEO Director
Securities
Specialist II /
Securities Counsel
Refer to
Memorandum
Circular 9
Cashier/Support
Clerical
Releasing Unit
Ground Floor
For Online users

Verifies/reserves
proposed corporate
name, downloads
Articles of Inc. By-laws
and other pertinent
documents
IEO
215 | P aCRMD
ge
Step
Applicant/Client
Service Provider
(Under Normal
Circumstances)
Person In Charge
Fees
Form
For Online users

either directly at Cashier
or authorized bank
Presents signed and
notarized application
and proof of payment to
SEC IEO
2(b) Registration
(when mode of
payment for
subscription is
OTHER THAN CASH)

registration
Prepares documents
then presents
application to the
Receiving Section for
assignments
Refer to
Memorandum
Circular 9
Assigns application for
pre-processing
Support Clerk
determine
completeness of
registration
requirements
Receives documents
Securities
Specialist/
Securities Counsel
Reviews application
Securities Counsel
Signs Certificate of
Registration
Release s and forwards
certificate to Releasing
Unit
Assigns application to
pre-processing
CPA/lawyer
IEO Director
Refer to attached
list of documentary
requirements
Support Clerk
Support Clerk
Support Clerk
Refer to attached
list of documentary
requirements
IEO
216 | P aCRMD
ge

Step
Applicant/Client
Service Provider
(Under Normal
Circumstances)
Person In Charge
Fees
Form
For Online users

Presents application for
pre-processing of
CPA/lawyer

to Cashier

Increase from Releasing
Unit
Checks documents for :

Completeness of
requirements,
conformity with
existing laws. Ensures
all documents requiring
signatures and
notarization are signed
and notarized
Confirms Registration
Payment
Securities
Specialist II /
Securities Counsel
Receives and forwards

application to
processing CPA/lawyer
Prepares Examiners
Report
Reviews and approves
Examiners Report
Examines application
re: legal aspect
Prepares certificate for
the application
Reviews application
and signs certificate
Releases certificate and
forwards 2 copies to
Head Office
Support Clerk
SEC Cashier
Refer to
Memorandum
Circular 9
Securities
Specialist II
Securities
Specialist IV
Securities Counsel
SEC Executive
Assistant
IEO Director
Support Clerk
END OF TRANSACTION
IEO
217 | P aCRMD
ge
LEGASPI EXTENSION OFFICE

8:00AM -5:00PM without noon break Monday to Friday
What Are the BASIC Requirement:
1. Cover Sheet
NOTE: Use A4 coupon bond, and submit 4 conformed copies/page
LEO
218 | P aCRMD
ge

STEP
1
Name
verification
APPLICANT / CLIENT
Gets and fill up Verification

slip
SERVICE PROVIDER
Confirms the name and issues

the confirmation/reservation
notice
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
5 minutes
PERSON IN CHARGE
Verification Officer
FEES
P40.00
verification/
reservation fee
FORM
Verification
Slip
Name
reservation
Confirmation
notice
Step 2:
(REGISTRATION)
Confirms the name and issues

the confirmation/reservation
notice
Presents approved verification Verification Officer issues
name reservation notice to
Reservation payment
confirmation
Presents the application (AI-BL Evaluates the document to
to AP) to the Processor for determine completeness of
pre-processing
registration requirements and
conformity with pertinent
laws
In case of Stock Corporations
(with Cash Paid-up), transmits
to Specialist for review of
Capital Structure
If documents are in order,
authorizes the payment by
stamping OK for payment
5 minutes
3 minutes
P40.00
Verification/
reservation fee
Securities Counsel
SEC Specialist
Securities Counsel
LEO
219 | P a CRMD
ge
STEP
APPLICANT / CLIENT
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
Proceeds to the Cashier for

payment of filling fees
Issues official receipt for

payment of filling fees and
validates two (2) copies of the
documents
Presents the documents to Stamps the document
Receiving Officer for stamping Received, indicates the date
Received
of receipt and compiles the
same in a folder, which is
subsequently transmitted to
the Director for review
Evaluates if the documents in
order, if they are transmits
them back for preparation of
the Certificate of
Incorporation/Partnership
filling
Routes the Certificate back to
the Processor for initials
PERSON IN CHARGE
Cashier
FEES
FORM
Filling Fees per

SEC Memo
Circular No. 9
series of 2004
Receiving Officer
and SEC Director
SEC Director Support

Staff
Presents the receipt for Releases the Certificate of

payment of filling fees and Incorporation
signs
the receipt of the
Certificate of Registration
END OF TRASANCTION
Certificate of
Registration/
filling
Support Staff
SEC Specialist/ SEC
Counsel
Support Staff
LEO
220 | P aCRMD
ge
ZAMBOANGA EXTENSION OFFICE

8:00AM -5:00PM without noon break Monday to Friday
What Are the Basic Requirement:
1. Cover Sheet
STEP
1
Name
verification
APPLICANT / CLIENT
Gets and fills up Verification

Request Form from the
SERVICE PROVIDER
Confirms the name and issues the

confirmation/reservation notice
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
10 minutes
PERSON IN
CHARGE
Verification
Officer
FEES
FORM
Name
Verification
ZEO
221 | P aCRMD
ge
STEP
APPLICANT / CLIENT
Fills up form and pays

verification fee to cashier
Submits filled up form to
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
5 minutes
PERSON IN
CHARGE
Cashier
FEES
FORM
P80.00
Verifies request and when company 20 minutes

name is allowed, prints out the Name
Reservation Confirmation
TELLERING DONE
OUTSIDE SEC
5 minutes
Verification
Officer
Issues Reservation Payment

Confirmation
20 minutes
Verification
Officer
Reservation
Payment
Confirmation
Assigns application for pre-processing
15 minutes
SEC Specialist
Refer to
attached list to
documentary
requirement

requirements
1 hour
SEC Specialist
FOR ONLINE USER

reservation notice to
Name
Reservation
Confirmation
Name
Reservation
Notice
Pays to the cashier
Prepares Articles of
Incorporation and other
pertinent documents
Checks financial aspects of the

application
ZEO
222 | P aCRMD
ge
STEP
APPLICANT / CLIENT
5
6
SERVICE PROVIDER
DURATION OF
ACTIVITY (UNDER
NORMAL
CIRCUMSTANCE)
FEES
FORM
Prepares Examiners Report (if mode

of payment is other than cash)
Pays required filling fee to
Cashier
5 minutes
Cashier
Securities
Counsel
Director
Reviews Application
15 minutes
Signs Certificate of Registration
5 minutes
Releases the Certificate of

Registration
5 minutes
PERSON IN
CHARGE
Presents Official Receipt to

secure Certificate of
Registration and
acknowledges receipt thereof
Supporting
Staff
END OF TRANSACTION
TARLAC CITY EXTENSION OFFICE

PROCESSING OF NAME RESERVATION
8:00AM to 5:00PM with no noon break
Duly accomplished verification form
TCEO
223 | P aCRMD
ge
Step
Applicant/Client
Service Provider
(Under Normal
Circumstances)
Person In
Charge
Gets a verification form from the

guard on duty, accomplishes and
submit
Verifies the proposed name at the iregister.sec.gov.ph and prints the

reservation notice in 2 copies.
12 minutes
Verification
Officer
Brings the 2 copies of the

Reservation Notice to the Cashier for
payment of the period of
reservation.

receipt to the client including 1
reservation notice stamped Paid.
3 minutes
Cashier
Fees
None
Form
Verification
form

FOR A STOCK CORPORATION WHOSE PAID-UP IS IN CASH
8:00AM to 5:00PM with no noon break
1. Cover Sheet
TCEO
224 | P aCRMD
ge

3.
4.
5.
6.
Articles of Incorporation and By-laws (Indicate the individual TIN for Filipinos and Passport Number for foreign incorporators)
Treasurers Affidavit under oath.
Joint Affidavit of Undertaking to Change Name*
Endorsement from concerned government agency, if required.
*Not required if already stated in the Articles of Incorporation

Note: Please use A4 size bond paper
Duration: 2 days
Step
Applicant/Client
Service Provider
Duration of
Activity (Under
Normal
Circumstances)
Person In
Charge
Submits application to
the Front Desk Clerk

completeness of registration requirements.
If complete, affixes initials for filing and
payment at the Cashier otherwise; provides
a checklist for deficiencies.
10 minutes
Processor
Pays of the filing fee
Accepts payment and issues official receipt

to the client. Forwards the OR to the
Receiving Unit.
5 minutes
Cashier
Fees
Form
All
requirements
as mentioned
above
Minimum Cap is
P500,000
Ai-1/5 of 1% of
Authorized
BL-500, H-30, SB-10,
LRF- (1% of Al+10)
TCEO
225 | P a g e
CRMD
Step
Applicant/Client
Duration of
Activity (Under
Normal
Circumstances)
Service Provider
Person In
Charge

documents Received. Forwards the
received application to the Processor who
evaluates the document
10 minutes
Clerk
Reviews the application, prepares

examiners report, and accomplishes
routing slip. Forwards the same to the
Director for final review and approval
8 hours
Processor

forwards it to the Officer- In-Charge for the
preparation of Certificate; otherwise returns
the documents to the Processor for
compliance -checking
5 hours
Director
6 minutes
Officer-InCharge
Signs Certificate and forwards it to the

Releasing personnel
4 minutes
Director
Releases documents
2 minutes
Releasing
Officer
Claims documents at
the Releasing Unit
Fees
END OF TRANSACTION
TCEO
226 | P aCRMD
ge
Form
PROCESSING OF APPLICATIONS FOR PRIMARY REGISTRATION FOR A NON-STOCK

EXCLUDING APPLICATION WITH REQUIRED ENDORSEMENT FROM CONCERNED GOVERNMENT AGENCY
8:00 am to 5:00 pm with no noon break
Who May Avail of the service:
1.
2.
3.
4.
5.
6.
7.
Cover Sheet
Articles of Incorporation and By-Laws (Indicate the individual TIN for Filipinos and Passport Number for foreign incorporators)
Joint Affidavit of undertaking to Change Name*
List of members, certified by the Corporate Secretary*
List of contributors and amount contributed certified by the treasurer*
Endorsement from concerned government agency, if required.
*The three (3) requirements need not be submitted if already stated in the Articles of Incorporation
Note: Please use A4 size bond paper
Duration: 2 days
TCEO
227 | P aCRMD
ge
Step
Applicant/Client
Submits application to the Front

Desk Clerk
Payment of the filing fee
Files application
Duration of
Activity (Under
Normal
Circumstances)
Service Provider
Person In
Charge

completeness of registration requirements.
If complete, affixes initials for filing payment
at the cashier
otherwise
a checklist
Accepts
payment
and issue
s officialisreceipt
provided
for deficiencies.
to
the client
Receives filed application and stamps the
documents Received
Forwards the received application to the
processor who evaluates completeness of
the documents
10 minutes
Front Desk Clerk
5 minutes
Cashier
10 minutes
Officer- InCharge
Front Desk
Clerk
Reviews the application and forwards to the

Director for final approval
8 hours
Processor
Forwards the application to the Officer-inCharge for the preparation of Certificate

;otherwise returns the documents to the
processor for compliance-checking
5 hour
Director
Prepares Certificate of incorporation
6 minutes
Officer-InCharge
Signs Certificate and forward s it to the

Releasing personnel
4 minutes
Director
Releases documents
2 minutes
Officer-InCharge
If approved
Claims document
Fees
Form
All requirements
as mentioned
above
P1,060.00
END OF TRANSACTION
TCEO
228 | P aCRMD
ge
PROCESSING OF APPLICATIONS FOR THE RECORDING OF A PARTNERSHIP

WITH CAPITAL CONTRIBUTIONS IN CASH
8:00am to 5:00pm without noon break
Filipino citizen, Non-resident aliens
1. Cover Sheet
3. Articles of Partnership (Indicate the individual TIN for Filipino and Passport Number for foreign partners)
4. Endorsement from concerned government agency, if required.
Note: Please use A4 size Bond paper.
Duration: 2 days
Step
Applicant/Client

Examiner of the day
Service Provider

requirements. If complete, affixes initials
for filing and payment at the cashier
otherwise; provides a checklist for
deficiencies.
(Under Normal
Circumstances)
10 minutes
Person In
Charge
Processor
Fees
Form
All requirements
as mentioned
above
TCEO
229 | P aCRMD
ge
Step
Applicant/Client
Pays of the filing fee
Submit s application & receipt

of filing fee
6
7
8
Claim documents at Releasing

Section
Service Provider
(Under Normal
Circumstances)
Person In
Charge
Accepts payment and issues official receipt

to the client. Forward the OR to the
Receiving Unit
Receive filed application and stamps the
documents Received. Forward s the
received application to the Examiner who
evaluates the documents
Reviews the application and accomplishes
routing slip. Forwards the application to
the Director for final review and approval
5 minutes
Cashier
10 minutes
Office-InCharge
8 hours
Processor
Review s the application. If approved,

forward it to the Officer-In-Charge for the
preparation of Certificate otherwise
returns it to the Processor for compliancechecking
5 hours
Director
6 minutes
Clerk
Signs Certificate and forwards it to the

Releasing personnel
Releases documents
4 minutes
Director
2 minutes
Releasing
Officer
Fees
AP-1/5 of 1% of
Contribution
LRF- (1% of AP)
None
END OF TRANSACTION
TCEO
230 | P aCRMD
ge
Form
PROCESSING OF APPLICATION FOR CERTIFICATE OF AUTHORITY

8:00am to 5:00pm without noon break
Filipino citizen, Non-resident aliens, at least 18 years of age, and of good moral character.
1. Application Form
2. Information Sheet
3. Location Map (signed by the President and Corporate Secretary)
4. NBI Clearance of each Director/Officer
5. For Foreign Director or officer, if any, in addition of the NBI Clearance:
a. Clearance from the Bureau of Immigration
b. Photocopy of the passport showing valid visa or stay in the Philippines
c. Alien Certificate of Registration (ACR), I-Card and
d. Work Permit issued by the Department of Labor and Employment
For New Corporation
6. Sworn Statement by the President that the corporation will not accept, solicit investment and/or incur loans from more
than nineteen (19) persons. In case of unauthorized acceptance, solicitation of investments or borrowings, it shall immediately
indemnify or return the investments of persons upon presentation of valid claims.
* In case there is/are foreign stockholders, the President shall state further that the country or state of a foreign stockholder/s
allows Filipino citizens and/or corporation to do lending business therein. That the company shall comply with the Rule 17 1 (2) (C)
of the Amended Rules and Regulations of the Securities regulation Code.
TCEO
231 | P aCRMD
ge
For Existing Corporation Lending Investors

1. Sworn statement by the President that the corporation has not accepted, solicited investment or incurred loans from more than
nineteen (19) persons and undertaking that the corporation has not accepted, solicited investment and/or incur loans from more
than nineteen (19) persons. In case of unauthorized acceptance, solicitation of investments or borrowings, it shall immediately
indemnify or return the investments of persons upon presentation of valid claims.
*In case there is/are foreign stockholders, the President shall state further that the country or state of a foreign stockholders
allows Filipino citizens and/or corporation/s to do lending business therein
2. Sworn Statement of the External Auditor (BOA Accredited) that based on his examination of the corporate books of account and
other related records, the Corporation/Partnership/Single Proprietorship engaged as a lending investor has neither accepted, solicited
investments nor incurred loans from more than nineteen (19) persons. Special audit report on the site verification of financial records
on the paid-up capital of the proposed lending corporation.
3. Schedule of Companys capital build-up capital shall be within 3 years from the effectivity of the Lending Company Act of 2007
4. That the Companys capital build-up capital shall comply with the Rule 17 1 (2) (C) of the Amended Rules and Regulations of the
Securities Regulation Code
For Old and New Corporation
Manual on Good Corporate Governance and Revised Anti Money Laundering Operating Manual
Duration: 6 days
NOTE: A4 coupon bond
TCEO
232 | P a CRMD
ge

Step
Applicant/Client
Service Provider
Duration of
Activity (Under
Normal
Circumstances)
Person In Charge

Front Desk Clerk

requirements. If complete, affixes
initials for filing and payment at the
cashier otherwise; provides a
15 minutes
Front Desk Clerk
Pays of filing fee

receipt to the client
5 minutes
Cashier
Files application
Accepts filed application and stamp

documents Received
10 minutes
Clerk
Forwards the received application to

the Processor ,who evaluates
completeness of the documents
Review and checks documents for :

conformity with existing laws;
ensures all documents requiring
signatures and notarization are
signed ; and prepares memorandum
report
Fees
Form
All requirements
as mentioned
above
Refer to
Memo. Cir.
No.9
Clerk
4 days
Processor
TCEO
233 | P aCRMD
ge
Step
Applicant/Client
Service Provider
Duration of
Activity (Under
Normal
Circumstances)
Person In Charge

forwards it to the Officer- In-Charge
for the preparation of Certificate
Authority otherwise return the
documents to the processor for
compliance-checking
1 day
Director
Prepares Certificate of Authority
6 minutes
Clerk
Signs Certificate of Authority and

forward it to the releasing clerk
5 minutes
Director
Release s Certificate of Authority and

approved documents
3 minutes
Clerk
Claims the Certificate of

Authority and the approved
documents
Fees
END OF TRANSACTION
TCEO
234 | P aCRMD
ge
Form
PROCESSING OF APPLICATIONS FOR CERTIFICATE OF AUTHORITY FOR BRANCH OFFICE

TO OPERATE AS FINANCING COMPANY
8:00AM -5:00PM without noon break
1. Cover Sheet
2. Duly accomplished application form for a Certificate of Authority to Operate as a Financing Company;
3. All documents required for incorporation/amended articles of incorporation/increase in capital stock, (if
applicable);
4. Information Sheet of the registration;
5. Answer to SEC questionnaire;
6. Personal Information Sheet of each of the directors and officers;
7. FILIPINO directors and officers:
a. NBI clearance
b. Police clearance from local police of the city/municipality of which he is a resident
c. Certificate of good moral character to be executed under oath by at least two (2) reputable and
disinterested person in the community
d. Bank credit information to be issued by his depository or creditor bank(s),if any
TCEO
235 | P aCRMD
ge

FOREIGN directors and officers:
a. Photocopy of Alien Certificate of Registration (ACR) or Immigration Certificate of Registration (ICR)
b. Photocopy of passport showing valid visa or stay in the Philippines
c. Clearance from the Bureau of Immigration and Deportation
d. Working permit from Department of Labor and Employment (DOLE), if applicable
8.
9.
Clearance from Bangko Sentral ng Pilipinas (BSP),if the applicant financing company is a subsidiary
of affiliate of a bank and/or non-bank financial institution with quasi-banking license;
Organizational Chart;
10. Certification under oath by the President that the corporation has not accepted nor will it solicit, accept or take
investments/placements from the public without the necessary license from the SEC and that upon presentation
of valid claims, it shall immediately indemnify or return the investments of claimants;
11. Photocopy of the long-term lease contract of the building/unit if under lease or title of the building/unit
if owned by the company;
12. Proof of financial capacity of stockholders;(e.g. bank certification must be notarized, TCT with latest
tax declaration and certification of earning capacity under oath)
13. Manual on Corporate Governance; if foreign stockholding is more than 40% or has total assets of P50million
or more;
14. Manual on Anti-Money Laundering, if foreign stockholding is more 40% or paid up capital of P10million
or more
15. Board Resolution, certified by the Corporate Secretary, adopting the aforesaid Manuals;
16. Affidavit of General Denial of any court/bank cases of each director/officer
ADDITIONAL REQUIREMENTS FOR EXISTING APPLICANTS:
1. Report of an Independent CPA on the conduct and result of the verification procedures required under
SEC Memorandum Circular No. 6, Series of2008;
2. Management of Representation as required under the above-cited circular;
3. Latest audited financial statements and GSIS
TCEO
4. Monitoring Clearance
236 | P aCRMD
ge
Duration: 10 days
MONITORING PROCEDURE
(FOR STOCK, NON STOCK FOUNDATION, LENDING AND FINANCING CORPS.)
Schedule of Availability of service:
8:00 AM 5:00 PM (without noon break)
Who May Avail of the service:
Corporations
1. Properly filled out Request for Monitoring
2. Certificate of Incorporation
3. Latest Approved Articles of Incorporation
4. Latest Approved By-laws
5. Latest Due General Information Sheet
6. Latest Due Audited Financial Statement
7. Copy of the Stock and Transfer Book/Membership Book Registration
Duration: Variable*
*Depending on causes beyond the control of the Division, such as the volume of the walk-in clients handled, volume of previous reports
filed, accessibility and performance of the system, etc
TCEO
237 | P aCRMD
ge

Service Provider
Duration of
Activity (Under
Normal
Circumstances)
Step
Applicant/Client
Person In Charge
Gets a number from Guards Desk

and waits to be called by the
frontline staff
Gives client a number
Approaches the Front Desk when

called
Endorses client to Securities

Specialist for monitoring
3 minutes
Front Desk Clerk
Presents the requirements to the

monitor/analyst
Generates Document Index List.

Views the clients previous filing
of the report in the database.
Assesses the corporation for
violation of the law and SEC rules.
Prepares the MS/COP.
45 minutes
Monitorer/ Analyst
Fees
Form
Guard on Duty
Monitoring
Request
Requirement Nos.
2 to 7
TCEO
238 | P aCRMD
ge
Step
Applicant/Client
Service Provider
Duration of
Activity (Under
Normal
Circumstances)
If NO PENALTY, wait s for the

MS/COP to be issued. (END OF
TRANSACTION)
Reviews the MS/COP.
If WITH PENALTY, waits for the

Assessment to be issued.
If NO PENALTY, signs MS/COP
10 minutes
Calls client and issue final

MS/COP. (END of TRANSACTON)
3 minutes
Person In Charge
Fees
Assigned Specialist
If WITH PENALTY, call client and

issues Assessment
Analyst
5
Pays at the Cashier
Processes payment and issues

O.R.
Cashier
Penalty
Assessed
TCEO
239 | P aCRMD
ge
Form
Step
Applicant/Client
Service Provider
Returns to the monitorer/analyst

and presents the O.R. with cashier
validated PAF
Prepares the final MS/COP (with

OR and date of payment)
Waits for the final MS/COP to be

issued
Duration of
Activity (Under
Normal
Circumstances)
15 minutes
Person In Charge
Monitorer/Analyst
Fees
Form
O.R and cashier

validated PAF
Reviews and signs the final

MS/COP
Calls Client and issues final

MS/COP
Monitorer/Analyst
END OF TRANSACTION
TCEO
240 | P aCRMD
ge

SEC Citizen's Charter Asof 20141223

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

SEC Citizen's Charter Asof 20141223

Uploaded by

Copyright:

Available Formats

2014

[Type the document title]

SECURITIES AND EXCHANGE COMMISSION

FRONTLINE SERVICE PROCEDURES

SEC EXTENSION OFFICES