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Mandatory Establishment and Publication of Registry of Licensed Insurance Agents

08 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter (CL) 2024-10 dated April 16, 2024. The purpose of this Circular Letter is to enable the public to ascertain whether a person is duly licensed by the Commission to act as an insurance agent of a particular company.

Reinstatement of CL No. 2016-55

08 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter (CL) 2024-11 dated April 17, 2024.

Discount Rates for Life and Non-life Insurance Policy Reserves and Reserves for Long-Term Contracts of Health Maintenance Organizations (HMO) as of 31 March 2024

06 May 2024

This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter No. 2024-09 dated April 12, 2024.

Guidelines for Cornerstone Investors in Initial Public Offerings

06 May 2024

This Accounting Alert is issued to circulate SEC Memorandum Circular No. 8 dated April 11, 2024 which provides guidelines for cornerstone investors which have been a feature in some Initial Public Offerings (IPO) in the Philippines and in various jurisdictions.

Updated Fines and Penalties on the Late and Non-submission of AFS, GIS, and Non-compliance with SEC MC 28-2020

08 Apr 2024

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 6-2024 dated March 27, 2024, which covers the updated fines and penalties on the late and non-submission of audited financial statements (AFS), General Information Sheet (GIS), and non-compliance with SEC MC 28-2020.