Transition From SEC CRS To SEC ESPARC

On 15 September 2021, the Securities and Exchange Commission (“SEC”) issued a notice that the SEC Company Registration System (CRS), which was the previous registration/licensing system for partnership and foreign corporations, will no longer accept and process applications.

All applications shall not be processed and approved for payment in the the SEC Electronic Simplified Processing of Application for Registration of Company (eSPARC). The SEC eSPARC may be accessed at https://secwebapps.sec.gov.ph/application. 

The SEC provided the following guidelines for transition:

1. All pending applications starting with the company name reservation and those applications in the preform and in-form status in the CRS, including those filed but not yet been approved for payment has to re-apply in the SEC eSPARC. 

2. Applications that are in compliance status in the CRS may continue with the registration application by re-applying through SEC eSPARC.

3. Applicants whose applications have been approved for payment in the CRS and have been provided with a Payment Assessment Form (PAF) should proceed in paying the registration fees. The proof of payment, together with the signed and authenticated/notarized copies of the registration documents, should be submitted to the selected processing office for the issuance of the Certificate of Incorporation.

4. Applicants that have already paid their registration fees but cannot upload the proof of payment in the CRS should submit the proof of payment, together with the signed and authenticated/notarized copies of the registration documents, to the selected processing office for the issuance of the Certificate of Incorporation. 

5. Applicants that have already uploaded the proof of payment in the CRS but have not yet been issued a Certificate of Incorporation should submit the proof of payment, together with the signed and authenticated/notarized copies of the registration documents, to the selected processing office for the issuance of the Certificate of Incorporation. 

The SEC provided the following email for inquiries and assistance:

• crmd_registration_opc@sec.gov.ph
• crmd_registration_234@sec.gov.ph
• crmd_registration_regular@sec.gov.ph
• crmd_publicassistance@sec.gov.ph
• isdmd@sec.gov.ph