IGD & Associates February 20, 2026The SEC has issued MC No. 9, Series of 2026, covering the 2026 filing of Annual Financial Statements (AFS) and General Information Sheet (GIS) . The Circular prescribes the deadlines, submission platform, documentary requirements, and other compliance guidelines for all corporations under SEC supervision.
Below is a summary of the key provisions for your guidance:
1. AFS Filing Deadline (For Corporations with Fiscal Year Ending December 31)
| Covered Entities | Deadline | Filing Platform |
| All corporations (including branch offices, representative offices, RHQs/ROHQs of foreign corporations) with FY ending December 31 | May 29, 2026 | eFAST (SEC Electronic Filing and Submission Tool) |
Late submissions after May 29, 2026 shall be subject to applicable penalties.
2. Corporations with Different Filing Schedules
| Category | Deadline |
| Corporations with fiscal year ending other than December 31 | Within 120 calendar days from end of fiscal year |
| PSE-listed companies, registered issuers, public companies (under SRC Sec. 17.2) | Within 105 calendar days after fiscal year-end (as attachment to SEC Form 17-A) |
| Brokers & Dealers (FY ending 31 December) | April 30, 2026 (SEC Form 52-AR) |
| Brokers & Dealers (other FY-end) | 110 calendar days after fiscal year-end |
3. AFS Submission Requirements
- Stamped “Received” by the BIR (or attach BIR eAFS confirmation receipt);
- Include the basic components required under Revised SRC Rule 68;
- Audited if the corporation meets the prescribed thresholds (see below);
- Include the Statement of Management’s Responsibility (SMR) where applicable (templates provided under Annex A.1 and A.2 of the Circular).
4. Corporations Required to Submit Audited Financial Statements (AAFS)
| Entity Type | Threshold |
| Stock and Non-Stock Corporations | Assets or liabilities exceeding ₱3,000,000 |
| Branch/Representative Offices (Stock Foreign Corp) | Assigned capital of at least ₱1,000,000 |
| Branch/Representative Offices (Non-stock Foreign Corp) | Assets of at least ₱1,000,000 |
| Regional Operating HQ | Revenues of at least ₱1,000,000 |
Corporations below the threshold may submit AFS with a notarized SMR instead of audited FS.
5. GIS Filing Deadline
| Corporation Type | Deadline |
| Stock Corporations | Within 30 calendar days from actual annual stockholders’ meeting |
| Non-Stock Corporations | Within 30 calendar days from actual annual members’ meeting |
| Foreign Corporations | Within 30 calendar days from anniversary of SEC license issuance |
6. Mandatory Electronic Filing
All AFS and GIS must be filed through eFAST (https://efast.sec.gov.ph/). Submission via email, courier, mail, or over-the-counter is no longer accepted.
Reports are automatically received upon submission and assigned a QR Code, subject to post-review. Reverted filings are considered not filed.
7. Requirement to Engage SEC-Accredited External Auditors
Corporations covered under Part I, Section 3(B) of Revised SRC Rule 68 are required to engage SEC-accredited external auditors under the appropriate accreditation category.
