Securities and Exchange Commission(SEC)

March 16, 2021 Dear Grace A. Graciadas, Greetings! Thank you for your request dated Mar 15, 2021 09:32:37 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Clarification on The Accuracy and Purpose of Interest Rates Displayed on SEC Website. Response to Request Please be informed that the interest rates published in the SEC website are manually culled from the Information Sheet submitted by the lending companies. These companies are required to use these interest rates as these are what have been submitted to the SEC. As to your ID, may I know how this was verified by the FOI? Please take note that the ID you submitted is the same one you have been submitting before. As pointed out in our previous correspondence with you, the ID is already expired and it does not appear to be one of the acceptable valid IDs. I also advise you to email our office thru [email protected] if you have further concerns or any knowledge of lending companies imposing interest rates that is different from the published rates or submitted in the Information Sheet. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Atty. Rachel Esther Gumtang- Remalante FOI Receiving Officer