2017
SEC-MSRD
SUBJECT : Simplified RS Form for Comments
NOTICE
The stakeholders, the general public and other concerned entities and are invited to provide their recommendations and/or comments to SEC Form 12-1 Simplified Registration Statements (SRS) for Hospitals, and its corresponding Memorandum Circular. EcTCAD
Stakeholders, the general public and other concerned entities are given fifteen (15) days from initial posting to submit its recommendation and comments.
Memorandum Circular: SEC Form 12-1 Simplified Registration Statement for Hospitals.
SEC FORM 12-1: Simplified Registration Statement for Hospitals.
ATTACHMENT
MEMORANDUM CIRCULAR NO.________
Series of 2017
| TO | : | ISSUER OF SECURITIES AND ITS AUTHORIZED REPRESENTATIVE |
| SUBJECT | : | SEC FORM 12-1 SIMPLIFIED REGISTRATION STATEMENT FOR HOSPITALS |
WHEREAS, there is an acute shortage of hospitals nationwide which various groups are seeking to address through offering or selling securities to the investing public to raise funds to establish hospitals;
WHEREAS, Subsection 8.1 of the Securities Regulation Code ("SRC") prohibits the selling or offering for sale or distribution of securities within the Philippines, without a registration statement duly filed with and approved by the Commission;
WHEREAS, Subsection 12.1 of the SRC mandates that securities required to be registered under...
