Pursuant to the Commission ™s drive to promote a better corporate governance environment for PLCs, it issued SEC Memorandum Circular No. 11, series of 2014, prescribing a Website Template for all Publicly-Listed Companies.

In connection  with this, the Commission,  in its en-banc  meeting  on 19 December  2017  resolved  that  all  companies  applying  for  registration  of  its securities  for  listing  are  directed  to  comply  with  the  SEC-prescribed  website template as  one of  the requirements   before  the  Registration   Statement  is rendered effective.

For  companies listed before the issuance of this Memorandum Circular, due date of compliance with the SEC-prescribed website template shall be six (6) months from listing date.

Failure to comply with the website template shall result in the imposition of penalty provided under SEC Memorandum Circular No. 18, series of 2014.

This Memorandum Circular shall take effect immediately.