THE Securities and Exchange Commission (SEC) has issued Memorandum Circular 13 Series of 2024, or the Enhanced Compliance Incentive Plan (ECIP), granting non-compliant corporations an incentive to restore their good standing.
THE Sec urities and Exchange Commission has issued Memorandum Circular 13 Series of 2024, or the Enhanced Compliance Incentive Plan , granting non-compliant corporations an incentive to restore their good standing.This follows the agency's amnesty program that it implemented last year.
'ECIP also covers violations under SEC Memorandum Circular No. 28, Series of 2020, which requires all entities registered with the commission to designate and submit their official and alternative email addresses and mobile phone numbers,' the regulator said.
Grants Discounts To Non-Compliant Firms
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