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QAU Memo 2015-03: SEC Advisory Branch And ROHQ/RHQ– Post Of Securities Deposits And Submission Of Certificate Of Inward Remittance

SEC posted an advisory on May 4, 2015 applicable to all Branch and ROHQ/ RHQ.  Accordingly, all Branch and ROHQ/ RHQ are advised that there is no need to file notices/ letters to the Commission asking for “extension of time” within which to post securities deposit and to submit a certificate of inward remittance.  The Commission clarifies that appropriate fines and penalties are being imposed for failure to comply within the prescribed period.

The following tables below show the fines and surcharge:

(a)    Securities Deposit

IMG_QAUMemo2015-03 

(b)  Certificate of Inward Remittance

IMG_QAUMemo2015-03b

For your reference and guidance.

PDF version: 
application/pdf iconQAU Memo 2015-03: SEC Advisory Branch And ROHQ/RHQ– Post Of Securities Deposits And Submission Of Certificate Of Inward Remittan