Securities and Exchange Commission (SEC) reduces document request fees by 50%

The Securities and Exchange Commission (SEC) announced on Thursday, June 26, that it is halving the cost of requesting corporate documents.

The SEC issued a memorandum circular dated Tuesday, June 24, lowering prescribed rates for requesting copies of documents of registered companies effective after a week, or on July 1.

“The reduced rates are in line with the commitment of the SEC to allow for greater access to corporate data through a fair and sustainable pricing mechanism, while avoiding undue financial burden to the corporate sector and the general public,” the corporate regulator said in a statement.

Physical authenticated copies of the following documents can now be obtained for P1,000 instead of the previous P2,000:

Articles of incorporation and by-laws
Articles of incorporation or amended AOI
By-laws or amended by-laws
General information sheet
Increase in capital stock
Resolution
Secretary’s certificate
Board resolution
Registration data sheet
Deed of assignment

Meanwhile, the digital authenticated copies of the documents listed above will now cost P625 from P1,250.

Newly installed SEC Chairman Francis Lim earlier said he wished to reduce fees for micro, small, and medium enterprises to encourage the sector’s growth.

“Regulation must support, not suffocate,” Lim said on the sidelines of his turnover ceremony on June 10.