Frequently Asked Questions Re Sec Memorandum Circular (Mc) No. 1 S. 2021 (Beneficial Ownership Transparency Guidelines)

In connection with the numerous questions regarding the MC No. 1, S. 2021, SEC summarized on its notice dated March 8, 2021 the frequently asked questions (FAQs) received by the Commission, as follows: Who are…

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SEC Tightens its Rules on Transparency and Beneficial Owners

The said circular mandates transparency in the shareholders, officers, or trustees of a corporation. The disclosure of the nominee directors, trustee, or shareholders of the beneficial owner must be made within thirty (30) days from…

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