Technical Correction of SEC MC 2, Series of 1996; Commission Interpretation of MC 2, Series of 1996 and RSA Rule 3-4 (d) (3)

August 15, 1996SEC-AFD * MEMORANDUMTO:All Companies Registered or Applying for Registration under the Corporation Code or Partnership Law of the Philippines, and All Issuers and Companies Registering Securities Under or Subject to Revised Securities Act Rules 8 (a)-1 or 11 (a)-1RE:Technical Correction of SEC MC 2, Series of 1996; Commission Interpretation of MC 2, Series of 1996 and RSA Rule 3-4 (d) (3) TECHNICAL CORRECTIONDue to a technical oversight, a phrase was omitted from Item 8 of SEC MC 2, Series of 1996. The Commission believes that it is in the public interest to correct the technical oversight quickly, and believes further that the matter does not warrant exercising full procedure on rule making, including seeking public comment and, as appropriate, conducting public hearings to rectify the technical oversight. Accordingly, Item 8 of SEC MC 2, Series of 1996, is hereby corrected to insert "or Pilipino" as follows:8. All filings must be written in the English or Pilipino language.INTERPRETATIONThe Commission believes it is in the public interest to provide guidance and interpretation on the corrected...