SEC presents latest corporate regulatory updates to Angeles biz owners
To keep the Kapampangan business community informed and compliant, the Securities and Exchange Commission- Tarlac Extension Office (SEC-TAREO) joined the Breakfast Club Meeting of the Metro Angeles Chamber of Commerce and Industry, Inc. (MACCII) to orient its members about the latest policies and issuances from the Commission conducted last May 23 at Camalig Restaurant in Angeles City, Pampanga.
The said orientation provided crucial updates on regulatory changes affecting businesses across various sectors led by SEC-TAREO esteemed lawyers including its Director Richard R. Laus and Securities Counsel Ma. Theresa L. Reotutar. They presented comprehensive overviews of recent SEC regulations and discussed their implications for large corporations and small enterprises.
Among the key updates discussed were the guidelines on declaration of delinquent status and revocation of certificate of registration of corporations, updated fines and penalties on the late and non-submission of SEC annual reportorial requirements and the guidelines on the use of eAmend portal in filing amendments of SEC documents.
Director Laus emphasized the importance of these guidelines in promoting transparency and protecting investors. “Our goal is to ensure that businesses operate within a framework that supports fair practices and promotes the consistent and timely compliance of the corporate sector with their reportorial requirements,” he stated.
On the other hand, Atty. Reotutar highlighted the SEC’s ongoing initiatives to streamline compliance procedures and reduce administrative burdens for businesses. She introduced the new online portal designed to simplify the amendment of articles of incorporation and by-laws and improve the efficiency of regulatory processes. “This portal is part of our commitment to leveraging technology to better serve the business community,” Reotutar explained.
The event also featured interactive sessions where the participants could ask questions and seek clarifications on specific compliance issues. Kapampangan business owners and entrepreneurs expressed appreciation for the opportunity to directly engage with SEC officials and better understand how the new policies would impact their operations.
For her part, Ms. Maria Angeli Espena of MACCII remarked on the importance of such orientations. “Staying updated with regulatory changes is crucial for our members. This orientation helps ensure that our local businesses remain compliant and competitive,” she said.
At the end of the activity, SEC-TAREO officials awarded a plaque of appreciation to MACCII for being one of its active campaign network partners in the region fostering financial literacy and inclusion and advocating for innovative finance and promotion of the capital market in the Angeles business community.