CORPORATION FINANCE DEPARTMENT

What this is For:

Registration of Securities SEC Form 12-1

Other Documentary Requirements:

Financing Companies

GENERAL INSTRUCTION1. This Application Form shall be used to register financing company under Republic Act Number 8556 (The Financing Company Act of 1998).2. This application shall be signed under oath by the registrants President.3. Five (5) copies of the complete application shall be filed, including exhibits and all other papers and documents filed as part thereof.

In support of this application, we are submitting herewith the following required papers/ information to form integral parts thereof:

1. All documents required for registration as a corporation;

2. Information Sheet of registrant company;

3. Personal Information Sheets of each of the directors, officers with the rank of Vice-President and up or their equivalent or managing partners;

4. Answer to the questionnaire of the Commission;

5. Documents required of each Filipino directors, officer to be appointed from the rank of Vice-President and up or their equivalent such as the following:

(i) Police Clearance from local police of the city or municipality of which he is resident;

(ii) NBI Clearance

(iii) Certificate of good moral character to be executed under oath by at least two (2) reputable and disinterested in the community; and

(iv) Bank credit information to be issued by his depository or creditor bank(s), if any;

(v) For foreign director or officer, if any, in lieu of Item (ii) and (iii) shall submit:

a) A clearance from the Bureau of Immigration and Deportation;

b) Photocopies of Passport; and

c) Alien Certificate of Registration (ACR)

6. Clearance from the Bangko Sentral ng Pilipinas (BSP), if the applicant financing company is a subsidiary or affiliate of a bank and/or non-bank financial institution with quasi-banking license.

7. Organizational chart.

Note: Application Form to Register Financing Company under RA 8556 (The Financing Company Act of 1998) appform-financing RA 8556.pdf

Credit Rating Company Accreditation SEC form CRA-12 (Credit Rating Company)

SEC Form AuF-002 - Initial Application for Accreditation of an Auditing Firm Initial Application for Accreditation of An Auditing Firm

SEC Form ExA-001 - Initial Application for Accreditation of an Individual External Auditor Initial App for Accreditation of an Individual External Auditor

NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT

Pre-Need

Note: New Rules on the Registration and Sale of Pre-Need Plans

under Section 16 of the Securities Regulation Code

Note: New Pre-Need Rules

I. FEES

A. Registration/Licensing of Securities

1. New and Additional 1/10 of 1% of maximum aggregate price at which securities are proposed to be offered plus other fees.

2. Petition for Price Increase P 2,500

3. Petition for amendment of Registration Statement/ contracts/all applications P 2,500

4. Petition for release of balance P 2,500

5. Petition for Cancellation of Registration P 2,500

6. Petition for Suspension and/or Cancellation of Permit to Sell P 2,500

B. Dealer/Branch/Salesmen/General Agent

1. New

1.1 Dealer

a. Head Office P 10,000 + other fees

b. Branch Office

1) Within Metro Manila P 5,000 + other fees

2) Outside Metro Manila P 2,500 + other fees

1.2 General Agent P 5,000 + other fees

1.3 Salesman

a. Dealer P 200/salesman plus other fees

b. General Agent P 200/salesman plus other fees

2. Renewal

2.1 Dealer

a. Head Office P 5,000 plus other fees

b. Branch Office

1) Within Metro Manila P 2,500 plus other fees

2) Outside Metro Manila P 1,500 plus other fees

2.2 General Agent P 2,500 plus other fees

2.3 Salesmen P200/salesman plus other fees

C. Others

1. Approval of Trust Agreement P 2,500

2. Accreditation of Pre-need Actuaries P 1,000

3. Certifications P 300

II. PENALTIES / FINES

A. For Late Filing / Non-filing of Reports

1. Annual Reports

1.1 Audited Financial Statements P 5,000 Basic fine plus P100/day of delay

1.2 Actuarial Valuation Report P 5,000 Basic fine plus P100/day of delay

2. Other periodic reports

2.1 Monthly P 5,000 Basic fine plus P100/day of delay

2.2 Quarterly P 5,000 Basic fine plus P100/day of delay

2.3 Others P 5,000 Basic fine plus P100/day of delay

B. For other violations

1. Issuance/Sale of Plans in Excess of Authorized Amount 1st violation 2/10 of 1% of the aggregate gross price of the plans sold

2nd violation 3/10 of 1% of the aggregate gross price of the plans sold

3rd violation 4/10 of 1% of the aggregate gross price of the plans sold

4th violation and succeeding violations suspension/ revocation of license

2. Overpricing of plans 1st violation 2/10 of 1% of the difference between the authorized plan value

2nd violation 3/10 of 1% of the difference between the authorized plan value

3rd violation 4/10 of 1% of the difference between the authorized plan value

4th and succeeding violations suspension or revocation of license

3. Unreported sales/collections 1st violation 2/10 of 1% of the aggregate gross pre-need price of the plans sol

2nd violation 3/10 of 1% of the aggregate gross pre-need price of the plans sold

3rd violation 4/10 of 1% of the aggregate gross pre-need price of the plans sold

4th and succeeding violations suspension or revocation of license

4. Late Trust Fund Deposit P 5,000 Basic fine plus P100/day of delay

5. Late/Non-Funding of Trust fund Deficiency P 5,000 Basic fine plus P100/day of delay

6. Unauthorized Opening/Transfer/Closure of Branch P2,000 /branch

7. Unlicensed salesmen Maximum of P2,000/salesman

8. Late Filing of Renewal of the following :

8.1 Dealers License P1,000

8.2 General Agent P1,000

9. Execution of Trust Agreement without SEC approval Maximum of P5,000

10. Registration Statement with untrue statement of a material fact, or omitted to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or refused to permit any lawful examination into its affairs a) Suspension or revocation of its certificate and permit to offer securities

b) Fine of no less than P200 for each day of continuing violation but not more than P50,000 in aggregate fine

c) Disqualification from being an officer, member of the board of directors or principal stockholder of an issuer whose securities are about to be registered pursuant to the Pre-need Rules.

Alternative Trading System Alternative Trading System

BASIC GUIDE TO SEC REGULATION ON FOREIGN INVESTMENTS Sixth Regular Foreign Investment Negative List (Executive Order No. 389) EO 389