GIS of Foreign Corporation

December 13, 2019ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENTNOTICEThe Commission hereby requests comments on the attached draft Memorandum Circular on Revision of the General Information Sheet (GIS) of Foreign Corporations to include Beneficial Ownership Information. Please submit duly signed written comments on the exposure draft to the Enforcement and Investor Protection Department of this Commission on or before 10 January 2020, by way of any of the following: LetterEnforcement and Investor Protection DepartmentGround Floor, North Wing, Secretariat BuildingPICC Complex, Vicente Sotto St.1307 Pasay CityEmail[email protected] All interested parties are requested to use the Comments Table in submitting comments and proposed revisions.Issued on December 13, 2019.ATTACHMENTComments on the Proposed Memorandum Circular on Revision of the General Information Sheet (GIS) of Foreign Corporations to Include Beneficial Ownership Information RULES/FORMSCOMMENTSPROPOSED REVISIONSCOST OF IMPLEMENTATIONSECTION 1. Coverage. — This Memorandum Circular shall apply to all SEC registered foreign corporations, both stock and non-stock, required to submit the GIS under existing laws, rules and regulations.   SECTION 2. Disclosure of Beneficial Ownership. — All SEC registered foreign corporations are required to disclose their beneficial...