Good news for Philippine corporations: SEC suspends per-month delay penalties until December 31, 2026

📢 Good news for Philippine corporations: SEC suspends per-month delay penalties until December 31, 2026

The Securities and Exchange Commission has issued Memorandum Circular No. 16, Series of 2026 (effective May 14, 2026), temporarily suspending the per-month-of-delay penalty for late or non-filing of reportorial requirements under MC No. 06-2024.

What’s covered?

✅ Annual Financial Statements (AFS)

✅ General Information Sheet (GIS)

(and other covered reportorial requirements)

Key points:

•  The suspension runs from May 14, 2026 to December 31, 2026

•  It applies prospectively to all covered corporations

•  Only the incremental monthly penalty component is suspended (base penalties for late/non-filing may still apply)

•  No refunds or credits for penalties already paid before effectivity

•  Corporations with pending monitoring applications or final assessments will receive updated assessments excluding the monthly delay portion

This is a welcome relief measure aimed at reducing compliance costs and supporting ease of doing business.

Practical takeaway: Now is the ideal window to review your SEC compliance status, catch up on any overdue filings, and get your corporate housekeeping in order before penalties resume in 2027.

At CGRLAW & Associates, we help clients stay on top of SEC reportorial requirements, corporate compliance, and regulatory updates like this one.

Questions on how this affects your company? Drop them in the comments or send me a message. Happy to share practical guidance.

#SECPH #CorporateCompliance #ReportorialRequirements #EaseOfDoingBusiness #PhilippineLaw #CGRLAW

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The Philippines’ Renewable Energy sector is powering ahead with serious momentum in 2026!

🌱 The Philippines’ Renewable Energy sector is powering ahead with serious momentum in 2026!

 

Our latest intelligence briefing captures the key developments:

 

• $5.72 billion (₱344.62 billion) in Green Lane-certified Renewable Energy projects from just 13 projects in the first 5 months of 2026 — representing 99.6% of all Green Lane investments 

• DOE remains confident on hitting the 35% Renewable Energy share target by 2030, backed by a 10-year auction pipeline projected to attract up to PHP 25 trillion 

• Offshore wind is taking off: GEA-5 (first dedicated offshore wind auction) and the San Miguel Bay 901 MW project advancing with international partners 

• Policy tailwinds: 13th Foreign Investment Negative List (EO 113) + Green Lane fast-tracking + ERC Philippine Grid Code 2026 updates 

• Emerging opportunities in carbon markets, ESG frameworks, and hybrid projects

 

This momentum creates real opportunities — but also raises the stakes on regulatory navigation, project structuring, JVs/M&A, permitting, grid compliance, and ESG/carbon credit strategies.

 

Swipe through the carousel for the highlights 👉

 

As Managing Partner of CGRLAW & Associates (a boutique firm focused on Renewable Energy, environmental law, foreign investment, corporate transactions, and regulatory compliance), we’re tracking these developments closely to help clients de-risk and capitalize strategically.

 

Planning a Renewable Energy project, investment, or partnership? Comment below or DM me for the full client briefing or a quick, no-obligation discussion on structuring, compliance, or regulatory strategy.

 

Let’s help power the Philippines’ clean energy future — the right way. ⚡

 

#RenewableEnergy #Philippines #EnergyTransition #GreenLane #OffshoreWind #ForeignInvestment #Sustainability #RELaw #CGRLAW