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SEC sets deadline for submission of annual reports

THE Securities and Exchange Commission (SEC) on Jan. 27, 2024 issued Memorandum Circular (MC) 2, Series of 2024, setting the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations in 2024.

All stock and nonstock corporations are required to submit their annual reports online through the SEC Electronic Filing and Submission Tool (eFAST) at https://efast.sec.gov.ph.