Tag: Davao Extension Office

SEC-DAVAO URGES NON-PROFIT ORGANIZATIONS TO FOLLOW NEW MDF SUBMISSION GUIDELINES

DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office (SEC-DEO) has urged non-profit, non-stock corporations take note of the new guidelines on the submission of the Mandatory Disclosure Form (MDF) that the Commission recently released. Under the notice posted on the SEC website on June 9 (http://www.sec.gov.ph/wp-content/uploads/2020/06/2020Notice_MDF-Submission-Guidelines.pdf), the online […]

NOTICE: SEC urges lending and financing companies anew to extend debt relief to borrowers

The Securities and Exchange Commission (SEC) is again calling on lending companies, financing companies and microfinance non-government organizations (NGOs) to provide relief to their borrowers while the economy gradually reopens. In a notice dated June 11, the Commission “strongly encouraged” lending companies, financing companies and microfinance NGOs to […]

PRESS RELEASE: SEC REITERATES MANDATORY GRACE PERIOD FOR ALL LOANS, WARNS ERRING LENDERS OF LEGAL CONSEQUENCES

The Securities and Exchange Commission (SEC) has reiterated its directive for all financing and lending companies to provide borrowers more time to settle loans falling due within the enhanced community quarantine (ECQ) and modified enhanced community quarantine (MECQ) period. In an advisory issued on May 20, the Commission […]