REGISTRATION PROCEDURE OF SECURITIES

Filing of RS

Assessment
and payment of
filing fees

Are the
requirements
complied with?

Presentation of the
Issuer and other
relevant parties;

Publication
Notice

Comment
Letters

File Amended RS/

NO

Notice &
Hearing

Reject
RS

YES

Prepare
Memo to En
Banc
Presentatio
n to the
Commissio

Issuance of a
pre-effective

Filing of final
Prospectus and
duly signed
documents

Notice of completion
or termination of offer
(within 3 business
days from

Evaluation of
Documents

Review of AFS by OGA;

indorsement to EIPD,
CGFD, OGC and CRMD for
pending cases, if any..
Other Regulatory

Issuance of Order of
Registration and
Permit to Sell
Securities to the
Public (public offer
shall commence
within 10 business

Publication of
Order of
Registration