SEC guidelines on One Person Corporation compliance requirements, including officer appointments, financial statements, related-party transactions, and bonding requirements in the Philippines.
Legally Speaking: SEC guidelines on the reportorial and compliance requirements of One Person Corporations (OPCs) in the Philippines.

The Securities and Exchange Commission (SEC) issued a memorandum circular on February 16, 2026, providing guidelines on reportorial requirements for one person corporations (OPCs).

 

The memorandum circular highlights several important requirements:


• OPCs must report the appointment of their Treasurer, Corporate Secretary, and other officers to the SEC using the prescribed form and within the required period.


• OPCs must file their annual financial statements within the prescribed period. 


• OPCs must file a disclosure of all its self-dealing and related party transactions entered into by the OPC and the single stockholder. 


• Where the single stockholder serves as Treasurer, the applicable bonding requirement must be complied with.


• OPCs are not required to submit by-laws.


• It provides fines for non-compliance and transitional measures for existing OPCs with outstanding requirements.


NARP LAW assists companies in navigating regulatory requirements and structuring their operations for compliance and growth.

 

For more information, you may contact us at info@narplaw.com or at +639063731095.

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