SEC Issues New Compliance Guidelines for One Person Corporations

The Securities and Exchange Commission (SEC) has issued Memorandum Circular No. 10, Series of 2026, establishing comprehensive compliance guidelines for One Person Corporations (OPCs) considering that they are a new feature of the Revised Corporation Code. The Circular sets out specific reportorial requirements and a revised schedule of penalties intended to promote transparency and accountability among OPCs. Businesses operating under this corporate structure should carefully review these requirements to maintain good standing and avoid administrative sanctions.