THE Department of Finance (DOF) encourages corporations that have incurred fines or whose certificates of registration have been suspended or revoked because of a late and non-filing of certain reportorial requirements to avail of the Securities and Exchange Commission (SEC)'s amnesty program.

Issued on March 15, 2023, SEC Memorandum Circular No. 2, Series of 2023 provides for the Grant of Amnesty for Non-filing and Late Filing of the General Information Sheet (GIS) and Annual Financial Statement (AFS), and Non-Compliance with Memorandum Circular No. 28, Series of 2020 (MC 28).