SyCipLaw News

July 21, 2020

This is a briefing on the issuances as of July 16, 2020 on the following matters in relation to the COVID-19 pandemic:

A. General Community Quarantine (GCQ) over Metro Manila is Further Extended until July 31, 2020
(See IATF Omnibus Guidelines on the Implementation of the Community Quarantine in the Philippines with Amendments as of July 16, 2020 dated July 16, 2020,
https://www.officialgazette.gov.ph/downloads/2020/07jul/20200716-omnibus-guidelines-on-the-implementation-of-community-quarantine-in-the-philippines.pdf;
IATF Resolution No. 56 dated July 16, 2020,
https://www.officialgazette.gov.ph/downloads/2020/07jul/20200716-IATF-RESOLUTION-NO-56.pdf.)

B. Recent Securities and Exchange Commission (SEC) Issuances and Notices

B.2. SEC Notice to all Non-stock Corporations on the New Deadline for the Online Filing or Submission of the Mandatory Disclosure Form (MDF)
(See SEC Notice dated July 2020, http://www.sec.gov.ph/wp-content/uploads/2020/07/2020NOTICE_extended-online-filing.pdf.)

B.3. SEC Notice on the Adjusted Filing Procedures and Processing Times for Annual Reports and Requests for Documents during the SEC Main Office’s Temporary Closure
(See SEC Notice dated July 14, 2020,
http://www.sec.gov.ph/wp-content/uploads/2020/07/2020Notice_Adjusted-Filing-Procedures-for-Annual-Reports-and-Processing-Times-for-Document-Requests-During-SEC-Main-Offices-Temporary-Closure-F07162020.pdf.)

C. Bangko Sentral ng Pilipinas (BSP) Media Release on Rediscount Rates for July 2020 and Loan Availments as of June 2020
(See BSP Media Release http://www.bsp.gov.ph/publications/media.asp?id=5436.)

Please read the full text of the bulletin here: https://tinyurl.com/SyCipLawBulletin26