How to Request for No Derogatory Information From Securities and Exchange Commission - SEC

 What is a Certificate of No Derogatory Information?

Derogatory information is any reported negative credit information about a corporation and sometimes other interested parties require a Certificate of No Derogatory Information - CNDI to ascertain good business relations.

To get a CNDI from SEC, first secure a monitoring clearance from the Compliance Monitoring Division. Email a the request to cmd_amendment_monitoring@sec.gov.ph and attach the requirements such as;

        1.  Latest due Financial Statement and any amendments thereto (duly stamped received by BIR and SEC)

        2.  Latest due General Information Sheet and any amendments thereto (duly stamped received by SEC)        

        3.  Articles of Incorporation and By-laws (its amendment, if any)    

        4.  Copy of Registration of Stock and Transfer Book/Membership book    

        5.  Proof of compliance to SEC MC28, series of 2022.

It means that any un-complied or unsubmitted prior reports need to be submitted first and pay corresponding penalties for late submissions, before a issuance of monitoring clearance.

Upon issuance of the monitoring clearance send an email to cfrd_application02@sec.gov.ph to formally request for the CNDI, using the SEC FORM 2015 - 001 (Downloadable from SEC site), and the monitoring clearance as attachment to the request.

Please note that other documents may be requested but most of the the time the above requirements as enumerated are enough.