The Securities and Exchange Commission (SEC) has taken a significant step to bolster the Philippine business landscape by extending discounted filing fee structures for micro, small, and medium enterprises (MSMEs). Issued as Memorandum Circular No. 13-2026 on March 26, 2026, this initiative aims to support business growth, reduce regulatory compliance costs, and enhance the ease of doing business across the nation.
Asset Thresholds for MSMEs
To qualify for these benefits, enterprises must meet specific asset criteria. Micro enterprises are defined as those with assets not exceeding P3,000,000. Small enterprises have assets ranging from more than P3,000,000 up to P15,000,000, while medium enterprises fall within the bracket of more than P15,000,000 to P100,000,000. These classifications ensure that the discounts target businesses at various stages of development.
Discount Details and Eligibility
The discounts granted are structured to provide substantial relief. A 20 percent discount on filing fees for the registration of MSMEs will remain in effect until December 31, 2026. Additionally, a 50 percent discount on registration fees for securities, previously established under SEC MC No. 82025, continues until June 30, 2026. This discounted rate applies to a wide array of securities registrations, including those filed by qualified power generation companies, distribution utility companies, real estate developers or managers involved in rental pool agreements, agribusiness corporations, and hospitals, all subject to applicable SEC rules and memoranda.
Qualification Requirements
To avail of these discounted fees, applicants must adhere to specific requirements. Key among these is the submission of a Certification of MSME Qualification, which must be executed by the MSME's president or treasurer. This certification must detail the entity's total assets, including those from loans but excluding the land used for the business's office, plant, or equipment. Furthermore, a minimum paid-up capital of P25,000,000.00 is required, with an exception for agribusiness corporations filing for streamlined securities registration.
Implementation and Impact
SEC Memorandum Circular No. 13-2026 took effect immediately upon its publication in two newspapers of general circulation. This move is part of the SEC's ongoing efforts to foster a more conducive environment for MSMEs, which are vital to the Philippine economy. By reducing financial barriers, the SEC hopes to encourage more enterprises to formalize their operations and contribute to national economic growth.
Businesses are advised to review the circular thoroughly and ensure compliance with all stipulations to benefit from these extended discounts. This initiative underscores the government's commitment to supporting small and medium-sized businesses through practical regulatory adjustments.
