Beneficial owner
The Securities and Exchange Commission issued in its meeting on July 9, 2019, SEC Memorandum Circular 15-2019 which amends SEC MC 17-2018 revising the General Information Sheet (GIS) to include beneficial ownership information, pursuant to the provisions of the Revised Corporation Code of the Philippines, as well as the implementation of the anti-money laundering law and the Terrorist Financing Prevention and Suppression Act. The MC 15 shall apply to all SEC registered stock and nonstock domestic corporations required to submit the General Information Sheet under existing laws, rules and regulation.