The Securities and Exchange Commission (SEC) on Monday launched its online submission tool (OST) where the public can submit their annual financial statements, general information sheet and other annual reports.
Corporations and their authorized filers may already enroll in the SEC’s system and submit the documents.
The system was developed by Comclark Network and Technology Corp., PhilCox, Inc. and Varco Technosolution.
“Beyond making it easier and more convenient for corporations to comply with their reportorial requirements, the OST should help our stakeholders become more comfortable with digital-based transactions, as we harness the full advantages of new technologies in improving our services,” SEC Chairman Emilio B. Aquino said.
“This initiative is a key component of the commission’s ongoing digital transformation, bringing us even closer to the achievement of both our ease-of-doing-business and sustainability goals.”
To start using the OST, the corporation and its authorized filer must first enroll at https://cifss-ost.sec.gov.ph by accomplishing an online form and submitting the required documents.
The documents required for enrollment include a board resolution authorizing its representative to file reports on behalf of the corporation, as well as a copy of their submission of email addresses and cellular phone numbers or their accomplished GIS using the 2020 version of the form, as required by SEC Memorandum Circular No. 28, Series of 2020.