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AF UPDATES

MEMBER UPDATES

REGULATIONS

1. SEC eWATCH PLATFORM. Effective February 2, 2026, all submissions and processing of company monitoring clearance requests may now be done through eWATCH or the Electronic Workbench and Analytics Technical Computing Hub, the Securities and Exchange Commission’s latest Company Monitoring System. Through eWATCH, companies can create, submit, and track monitoring clearance applications online.  

To get started, authorized filers must have an active and credentialed eSECURE account. Download the user guide at ewatch.sec.gov.ph for step-by-step instructions. View more details.

2. SEC MEMO CIRCULAR 09, SERIES OF 2026 sets May 29, 2026 as the deadline for filing of audited financial statements (AFS) with the Securities and Exchange Commission (SEC) for corporations whose fiscal year ends on December 31, 2025. Submissions shall be done through the SEC e-FAST. Read the full Circular. 

3. SEC MEMO CIRCULAR 04, SERIES OF 2026 exempts both stock and nonstock corporations with total assets or liabilities not exceeding P3 million from submitting audited financial statements. Previously, only stock and nonstock corporations with total assets or liabilities less than P600,000 were exempted from mandatory audit. Read the full circular.

4. SEC MEMO CIRCULAR 03, SERIES OF 2026 provides updated guidelines on the processing of amendment applications through the eAMEND Portal, consistent with the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. Read the full circular. 

5. SEC MEMO CIRCULAR 15, SERIES OF 2025 revises the guidelines on Beneficial Ownership Disclosure. Read the full circular. 
  • Starting January 30, 2026, all Beneficial Ownership Declaration (BOD) Pages shall be submitted exclusively through HARBOR (Hierarchical and Applicable Relations and Beneficial Ownership Registry). Only active authorized eFAST filers with an active eSECURE account may submit, and all filers must use the 2026 version of the GIS, which removes the BOD Page. Read the full notice.

6. NEW GIS FOR NON-STOCK CORPORATIONS. Following the launching of HARBOR for the declaration of Beneficial Ownership, non-stock, non-profit organizations will use the new GIS Form Version 2026 effective immediately.

7. DSWD MEMO CIRCULAR 18-2024 or the “Guidelines on the Regulation of Social Welfare and Development Agencies (SWDAs)” covers the new classifications of SWDAs, general policies of DSWD, Registration, Licensing, and Accreditation (RLA) procedures, and monitoring of SWDAs. Read the full MC 18-2024.
  • All SWDAs holding valid Certificate of Registration and License to Operate (CRLTOs) and/or Certificate of Accreditation are required to submit their reports by March 31, 2026. SWDAs shall use the newly approved monitoring tools effective January 5, 2026. However, for SWDAs registered and licensed under DSWD MC No. 17, Series of 2018 and/or MC. No. 21, Series of 2022, which are scheduled for monitoring, the old monitoring forms shall be used. Read more.

 

8. DSWD MEMO CIRCULAR 09-2024 details the “Guidelines in the Processing and Issuance of Regional and National Public Solicitation Permits.” Read the full circular.

9. DSWD MEMO CIRCULAR 08-2024 provides the “Guidelines in the Issuance of Certification to Registered, Licensed, and Accredited Private Social Work Agencies (SWAs) as Eligibility for Duty-Exemption of Donated Imported Goods.” Read the full circular.

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