The Securities and Exchange Commission recently released Memorandum Circular No. 21, Series of 2026, which moves qualified amendment applications away from traditional over-the-counter, paper-based submission to a fully digital process. Under the new guidelines, covered applications must now be filed electronically through the eAMEND Portal, allowing applicants to complete these transactions online. As a result, hard copies of documents will no longer be required for these filings, unless the Commission specifically directs otherwise. This circular forms part of the Commission's ongoing efforts to modernise its registration and filing processes, reduce administrative burden, and deliver a faster, more reliable service to the corporate community.
Applications Covered
The circular applies to select amendment applications processed by the Commission. Covered transactions typically include:
- Amendments to the Articles of Incorporation
- Amendments to the By-Laws
- Related corporate amendment transactions identified by the SEC as eligible for paperless filing
Corporations are advised to confirm the specific transactions covered by referring to the full text of the circular before initiating any filing.
**Note: Paperless filing through the eAMEND Portal is optional for covered transactions. Corporations that prefer traditional over-the-counter submission may still do so where applicable, in accordance with existing SEC procedures.
Compliance Obligations for Covered Corporations
All covered corporations and their authorized representatives are expected to:
- Register for and maintain access to the eAMEND Portal.
- File covered amendment applications exclusively through the portal, following the prescribed formats and requirements.
- Ensure that all uploaded documents are complete, accurate, and properly executed.
- Monitor the status of submissions through the portal and respond promptly to any notices from the Commission.
