(NAR) VOL. 12 NO. 2 / JANUARY - MARCH 2001
A. Broker/Dealer | |||||
1. Fees | Date of Filing | Amount | |||
New Registration | |||||
Head Office | P50.000 + other fees | ||||
Branch Office | 10,000 +other fees | ||||
Salesman | 2,000 + other fees | ||||
Associated Person | 3,000 + other fees | ||||
Dec. 2 | |||||
Renewal | |||||
Head Office | P20.000 + other fees | ||||
Branch Office | P 5, 000 + other fees | ||||
Salesman | P 1,000 + other fees | ||||
Associated Person | P 1,500 + other fees | ||||
2. Fines and Penalties | |||||
Reports | |||||
FINOP (late filing) | Within 15 days after month end | Basic fine of P10,000 | |||
Plus P100 for every day of delay | |||||
Annual Audited Financial Report | 110 days after end or fiscal year | Basic Fine of P10.000 | |||
Plus P100 for every day of delay | |||||
Other periodic reports | Basic fine of P10,000 | ||||
Plus P100 for every day of delay | |||||
Other practices prohibited under SRC | P10.000 for every violation without prejudice to the filing of criminal case | ||||
B. INVESTMENT COMPANY ADVISERS | |||||
1. Fees | Date of Filing | Amount | |||
New Registration | |||||
Head Office | P10.000 + other fees | ||||
Sales Agent | P 2.000 + other fees | ||||
Renewal | March 15 | ||||
Head Office | P3,000 + other fees | ||||
Sales Agent | P1.000 + other fees | ||||
C. Investment houses | |||||
1. Fees | Date of Filing | Amount | |||
New Registration | |||||
Head Office | P50.000 + other fees | ||||
Sales Agent | P10,000 + other fees | ||||
Associated Person | 1,000 +other fees | ||||
Renewal | January 15 | ||||
Head Office | P10,000 +other fees | ||||
Branch Office | P 5,000 + other fees | ||||
Associated Person | P 500 + other fees | ||||
2. Fines and Penalties | |||||
Reports | |||||
Progress | Within 15 days end of quarter | P 200 per day of delay | |||
Semi-Annual | Within 60 days end of semester | P 200 per day of delay | |||
Annual | Within the month of March of each year | P 200 per day of delay | |||
General Information Sheet | 1 month after the date of the actual Annual Meeting | P 200 per day of delay | |||
Other Violations | |||||
- Minimum Paid-up Capital Requirement | P 200 per day of non-compliance | ||||
- Unimpaired Capital | P200 per day of non-compliance | ||||
- 25% Fee-Based Income | P200 per day of non-compliance | ||||
- Capital Adequacy Ratios | P200 per day of non-compliance | ||||
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- Interlocking Directors | P200 per day of non-compliance | ||||
- Underwriting Fees | P200 per day of non-compliance | ||||
D. Transfer Agents | |||||
1. Fees | Date of Filing | Amount | |||
New registration | Within 30 days from June 1 of every year | P10,000 + other fees | |||
Renewal | Within 30 days from June 1 of every year | P3.000 + other fees plus P200.00 per issue being handled but not more than P5,000.00 | |||
2. Fines and Penalties | |||||
Failure/Late Filing of Monthly Reconciliation of PCD and TA | 10 days after the end of each month | Basic Fine-P10.000 Plus P100/day of delay | |||
Failure/Late Filing of monthly certification as to the number of shares registered under the name of PCD Nominee | 10 days after the end of each month | Basic Fine-P10.000 Plus P100/day of delay | |||
Failure/Late submission of Annual Report Using SEC Form 36-AR | 105 days after the end of fiscal year | Basic Fine P10.000 Plus P100/day of delay | |||
Failure to submit any of the following exception reports | |||||
- Any delay in the turnaround or processing of an issue, transfer or replacement of a security | Within 7 days of the occurence of the events | Basic Fine P10,000 Plus P100/day of delay | |||
- Any discrepancy between its records and those of the registered clearing agency, if applicable | |||||
- Any loss of securities reports to it; and | |||||
- The termination of its functions as a transfer agent for a particular security | |||||
Failure to submit Annual Audited Financial Statements | 105 days after the end of fiscal year | Basic fine of P10.000 Plus P100/day of delay | |||
Failure to submit General Information Sheet (GIS) | Within 30 days from the date of post ponement of the Annual Meeting | Basic fine P10.000 Plus P100/day of delay | |||
Failure to submit Affidavit of Non-Holding of Meeting of Postponement of Annual Stockholder's Meeting | Within 30 days from the date of post ponement of the Annual Meeting | Basic fine P10.000 Plus P100/day of delay | |||
Failure to submit Notice of Change of Address | Within 10 days after the end of each month | Basic fine P10.000 Plus P100/day of delay |