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PhilippinesTechnical Group

Accounting & Auditing News

SEC Memo Circular 6-2011

Schedule of Filing of Financial Statements

To maintain an organized and orderly filing of financial statements, the Securities and Exchange Commission (SEC) has issuedSEC Memo Circular 6 Series of 2011 which contains guidelines on filing of Financial Statements of Companies whose fiscal year ends on December 31, 2011. The SEC Memo Circular includes the following provisions:

1. Financial statements of Corporations including branch offices, representative offices, regional headquarters andregional operating headquarters of foreign corporations shall be filed to the SEC depending on the last numerical digitof their registration or license number as scheduled below:

Last Numerical Digitof Registration No.  Filing Period

1 and 2 April 16, 17, 18, 19, 203 and 4 April 23, 24, 25, 26, 275 and 6 April 30, May 2, 3, 47 and 8 May 7, 8, 9, 10, 119 and 0 May 14, 15, 16, 17, 18

2. Corporations whose fiscal year ends on a date other than December 31, 2011 shall comply with their original filingschedule;

3. Prior to April 16, 2012, all corporations may file their financial statements regardless of the last numerical digit of their SEC registration or license number;

4. Late filing shall be accepted starting May 21, 2012 and shall be subjected to the prescribed penalties; and5. For public and listed entities, requests for extension of time to file the financial statements or notification of inability to

file SEC Form 17-A shall not be accepted by the SEC.

Please see attached file for the full text of the SEC Memo Circular.

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 Please contact the following if you have any questions regarding this publication:

Wilfredo A. Baltazar  Audit Partner wbaltazar@deloitte.com+63 2 581 9011 

Chan Paul T. NicolasTechnical Research Manager ctnicolas@deloitte.com+63 2 581 9069

Fritzy Rosalyn A. SalesTechnical Research Assistant Manager 

frasales@deloitte.com+63 2 581 9078

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© 2011 Manabat Delgado Amper & Co. All rights reserved.