Member Article

This is a briefing on the issuances as of July 29, 2020 on the following matters in relation to the COVID-19 pandemic:

A. Intellectual Property Office (IPOPHL) Further Extends until August 4 the Deadline for Filings and Payments Due for the Period of July 20-30, 2020

B. Securities and Exchange Commission (SEC) Discourages Physical Filing of Mandatory Disclosure Form (MDF) which is Due on July 31, 2020

C. Monetary Board (MB) Approves Amendments to the Operational Relief Measures for Banko Sentral ng Pilipinas (BSP)-Supervised Financial Institutions (BSFIs)

A. Intellectual Property Office (IPOPHL) Further Extends until August 4 the Deadline for Filings and Payments Due for the Period of July 20-30, 2020

1. The IPOPHL has issued IPOPHL Memorandum Circular No. 2020-028A (Suspension of Cashiering and Receiving Services at the IPOPHL Main Office for the Period of 20 to 30 July 2020) dated July 24, 2020, 1 which “suspend[s] cashiering and receiving services at the IPOPHL Main Office for the period of [July 20-30, 2020].” In view of such suspension, the deadline for filings and payments that are due for the period of July 20- 30, 2020 has been extended until August 4, 2020.
   
   
2. The circular further provides that “cashiering and receving services at the IPOPHL Main Office shall remain suspended until [July 30, 2020] and shall reopen on [August 3, 2020].” In the meantime, “[t]he public is encouraged to transact business with IPOPHL through its online portal which shall remain available.”
   
   
3. The circular amends IPOPHL Memorandum Circular No. 2020-028 (Suspension of Activities and Extension of Deadlines for the Period of 20 to 27 July 2020) dated July 18, 2020,2 which has suspended all activities at the IPOPHL Main Office except for cashiering and documentary receiving services, to protect the employees of IPOPHL and the transacting public after an IPOPHL personnel tested positive for COVID-19.

Read the complete Client Bulletin No. 28 here