Relaxing the Requirements for Requests for Extension in the Filing of Annual Reports and/or Audited Financial Statements

March 18, 2020SEC NOTICETO :All Concerned Corporations   SUBJECT :Relaxing the Requirements for Requests for Extension in the Filing of Annual Reports and/or Audited Financial Statements The Commission on March 12, 2020 issued SEC Memorandum Circular No. 5, Series of 2020, extending the filing period for Annual Reports and Audited Financial Statements for the year ended 31 December 2019, as follows:(i) For companies doing domestic operations only; an extension of time until 30 June 2020; and(ii) For companies with domestic and foreign operations: an extension of time until 30 June 2020 or 60 days from the date of lifting of travel restrictions/ban by the concerned government authorities, whichever comes later. In light of the implementation of an enhanced community quarantine for the entire Luzon due to the COVID-19, the Commission En Banc, in its meeting held on 18 March 2020, resolved to DISPENSE with the following requirements, both for publicly listed and non-publicly listed companies, as provided in SEC Memorandum Circular No. 5, Series of 2020:a. Sworn certification of the requesting company signed by its President...