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Date: Oct. 8, 2020, 9:22 a.m.

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Date: 2020-10-09 18:50:47.000000

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Date: 2020-10-13 17:05:09.000000

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Statistics on Penalties for Late or Nonfiling of AFS and/or GIS

Published by Securities and Exchange Commission(SEC) on Oct. 8, 2020.
Requested from SEC by R. Gabuya at 09:22 AM on Oct. 8, 2020.
Purpose: Research
Date of Coverage: 01/01/2018 - 12/31/2019
Tracking no: #SEC-631955641137

R.GABUYA Oct. 8, 2020, 9:22 a.m.

I would like to ask for statistics on the number of companies that were late in filing or failed to file their Audited Financial Statement (AFS) and/or General Information Sheet (GIS) for 2018 and 2019. (You may also include 2017) Also, as a result of the late or nonfiling, how much penalties were collected by SEC? Please provide a breakdown of the penalties as to how much was collected from 1st time offenders, 2nd time or 3rd time offenders. This is one way of gauging the compliance of companies and if the existing penalties act as a deterrent or not. Thank you very much SEC.

S.AQUINO Oct. 9, 2020, 6:50 p.m.

October 9, 2020 Dear Restituto Felipe, Thank you for your request dated Oct 08, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Statistics on Penalties for Late or Nonfiling of AFS and/or GIS. We received your request on Oct 08, 2020 and will respond on or before Oct 29, 2020 09:22:47 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy02MzE5NTU2NDExMzcM, for request with ticket number #SEC-631955641137. Thank you. Respectfully, Shiena Angela Aquino FOI Officer

V.FELIZMENIO, JR. Oct. 13, 2020, 5:05 p.m.

October 13, 2020 Dear Restituto Felipe Gabuya, Greetings! Thank you for your request dated Oct 08, 2020 09:22:47 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Statistics on Penalties for Late or Nonfiling of AFS and/or GIS. Response to Request May we refer you to the Company Registration and Monitoring Department under Compliance and Monitoring Division who monitors the status of compliance of corporations. You may send email to [email protected]/ [email protected] or you may reach them at 8818-2886 for your concern. Also we will forward this request to them for their information. Thank you. Respectfully, Vicente Graciano Felizmenio, Jr. FOI Receiving Officer

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