|Schedule of Availability of Service|
|Mondays to Fridays, 8:00am-5:00pm without noon break|
|Who may avail of the Service?|
|Financing Companies and Lending Companies through their officers or duly authorized representatives|
|What are the documentary requirements?|
How to Avail of the Service?
|1||Accomplish request slip for monitoring.||Officer of the Day assigns to handling processor/staff.|
|2||Present documentary requirements.||Check if documentary requirements presented are complete and correct.|
Wait for the result of request.
I. If compliant, wait for issuance of MS and CIS Clearance. End of Transaction
II. If not compliant, wait for issuance of MS
Processor/Staff monitors the company’s compliance with SEC reportorial requirements. Supervising Specialist/ Assistant Director reviews Monitoring Sheet (MS).
I. If compliant, issue MS and generate Clearance via the Certification Issuance System (CIS). End of Transaction
II. If not compliant, issue MS
Note: Requests made in connection with an amendment of Articles of Incorporation and/or By-laws must be forwarded to a Legal Counsel for review.
|4||If with assessed monetary penalty, request for Payment Assessment Form (PAF) and pay at the cashier.||If with assessed monetary penalty, generate PAF and advise applicant/client to pay at the cashier.|
|5||Present copies (original and photocopy) of the PAF and Official Receipt (OR). Wait for issuance of CIS Clearance. End of Transaction||Retrieve copies of the PAF and OR. Generate Clearance via the CIS. End of Transaction|