SEC MC No. 14, series of 2023Proposed Amendments to Annex C of Rule 12 of the Securities Regulation Code

SEC Memorandum Circular No. 14 Series of 2023 TO : ALL CONCERNED SUBJECT : AMENDMENTS TO ANNEX C OF RULE 12 OF THE SECURITIES REGULATION CODE The following provisions of Annex C, Rule 12 of the Securities Regulation Code (SRC) are hereby amended as follows: NON-FINANCIAL DISCLOSURE REQUIREMENTS PART I BUSINESS (A) Description of Business. xxx (2) Business of Issuer: This section shall describe in detail what business the registrant does and proposes to do, including what products or goods are or will be produced or services that are or will be rendered. (a) Description of Registrant Briefly describe the business of registrant and its significant subsidiaries and include, to the extent material to an understanding of the registrant: xxx (xv) Discuss the major risk/s involved in each of the businesses of the company and subsidiaries. The Company may include disclosure of the procedures to identify, assess, and manage such risks. xxx xxx xxx Published: Philippine Daily Inquirer, 21 September 2023 Business World, 21 September 2023 Filed with UP Law Center: 21 September 2023