PDS Operations During Modified Enhanced Community QuarantinePosted on: August 4, 2020
Further to the government’s grant of the plea of health workers to place Metro Manila, among others, under Modified Enhanced Community Quarantine (MECQ) from 4 August 2020 (Tuesday) until 18 August 2020, we would like to inform our participants that the PDS Group shall continue to observe its shortened operating hours during the MECQ period.
For your guidance on PDS shortened operating hours, please refer to our 16 March 2020 Memo to Market Community Participants No. 02-2020.
Guidelines on the Submission of Documents for Equity Depository, Fixed Income Depository, Secondary Market Trading (“Guidelines”)
As announced in our 01 June 2020 Memo, the Guidelines on the Submission of Documents for Equity Depository Participants, FI Depository Participants, and Equity Transfer Agents shall continue to remain effective until otherwise announced by PDTC. The Guidelines for the Submission of PDTC Registry Documents for Secondary Market for FI Trading Participants and Issuers shall likewise continue to be applicable.
Deadline for the regularization of documents previously submitted by email
In accordance with the extension of effectivity of the Guidelines on submission of documents, the 30-business day period for the regularization of documents previously submitted by email shall remain in force and shall be reckoned from the day that quarantine is finally lifted in Metro Manila.
Effectivity of Trading Participants’ Undertaking
As announced in our 02 June 2020 Memo, the effectivity of the Undertaking provided by Trading Participants shall also be deemed extended for the duration of the applicability of the Guidelines. To ensure continuity of business, please advise us, through an email from your authorized signatory addressed to firstname.lastname@example.org, that the Undertaking you have previously provided under Memo No. 29 – 2020 for the applicability of the Guidelines for your Secondary Market Registry transactions shall be deemed to cover transactions during MECQ. Kindly send the email confirmation before your next transaction or no later than 05 August 2020, 5:00PM.
We have attached copies of the 16 March 2020, 01 June 2020, and 02 June 2020 memo for your reference.
For your guidance and information.