SEC streamlines amendment process for registered firms

The Securities and Exchange Commission (SEC) is streamlining the amendment process for the articles of incorporation and bylaws of corporations to ensure faster transactions.

- By RICHMOND MERCURIO

The corporate regulator issued Memorandum Circular 3, Series of 2026, expanding the number of transactions that may undergo simple processing under Electronic Application for Modification of Entity Data (eAMEND).

The guidelines also seek to further reduce processing times for amendments of the articles of incorporation and bylaws even shorter than the corresponding processing periods prescribed by the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 (EODB Act).

“The SEC is committed to making every transaction seamless and efficient to make it easier for the public to avail of our services, and to comply with the laws, rules and regulations we implement,” SEC chairperson Francis Lim said.

With the issuance, Lim said the SEC is providing clear and consistent guidance on amendments in the articles of incorporation and the bylaws of companies.