+ Follow COMPLIANCE AND SURVEILLANCE GROUP Tag
COMPLIANCE AND SURVEILLANCE GROUP
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[results] => Array
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[0] => Array
(
[ArticleID] => 288609
[Title] => Retired SC justice named PSE head
[Summary] => The Philippine Stock Exchange elected yesterday retired Supreme Court associate justice Jose Vitug as its new chairman, replacing former banker Peter Favila who was recently appointed trade secretary by President Arroyo.
According to PSE officials, Vitug was elected unanimously by the exchange’s board of directors in a meeting held yesterday at the PSE headquarters in Pasig City.
Vitug chairs the PSE’s market integrity board, which oversees the operations of the PSE’s police unit, the Compliance and Surveillance Group.
[DatePublished] => 2005-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[1] => Array
(
[ArticleID] => 263863
[Title] => Lim won’t assume PSE presidency just yet
[Summary] => Philippine Stock Exchange (PSE) president-elect Francis Lim has deferred his assumption to the post for 10 more days to enable him to wrap up his professional obligations as a lawyer.
Lim, the co-managing partner and senior partner of the Angara Abello Concepcion Regala & Cruz (ACCRA) Law Office, wants more time to clear his obligations as a lawyer and make the necessary turnover of his legal accountability before he assumes office at the PSE.
[DatePublished] => 2004-09-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 262441
[Title] => PSE mulls creation of integrity board
[Summary] => The Philippine Stock Exchange (PSE) could set up an integrity board that would ensure the objectivity of audits conducted by its trading watchdog, the Compliance and Surveillance Group (CSG).
According to Securities and Exchange Commission (SEC) chairman Lilia Bautista, they may no longer require the PSE to spin off the CSG into a separate corporation but instead, merely require the exchange to create an integrity board that that would ensure the CSG’s independence.
[DatePublished] => 2004-08-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 262174
[Title] => SEC probes deeper into controversy over First Resources Management
[Summary] => The Securities and Exchange Commission (SEC) is digging deeper into the controversy involving First Resources Management & Securities Corp., the stockbrokerage firm owned by influential broker Vivian Yuchengco.
In an Aug. 19 letter to the Philippine Stock Exchange (PSE), the SEC said it is pursuing its investigation into First Resources’ alleged monopoly of stock trades by the Government Service Insurance System (GSIS), one of the biggest institutional investors in the exchange.
The PSE earlier cleared First Resources of any wrongdoing in the transactions.
[DatePublished] => 2004-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 261588
[Title] => Minority group to file P6-B suit vs ULC majority owners
[Summary] => Minority investors of Universal Leisure Club Inc. (ULC), composed mostly of Filipino-Chinese businessmen, are set to file a P6-billion criminal case against the company’s officers and directors for syndicated estafa and falsification of documents.
In a press briefing yesterday, ULC’s minority investors represented by Maricel Lopez, the former head of the Philippine Stock Exchange’s Compliance and Surveillance Group, alleged that the club’s officers have engaged in misrepresentation and other fraudulent trading activities for their personal gains.
[DatePublished] => 2004-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 260242
[Title] => PSE finds no proof to warrant probe of First Resources
[Summary] => The Philippine Stock Exchange (PSE) has found no "compelling incidence" to investigate the trading activities of Meralco between October 2003 and June 2004, a finding which, in effect, cleared The First Resources Management & Securities Corp. of any improper sales practices when it bought for the Government Service Insurance System (GSIS) shares of stock in Meralco.
[DatePublished] => 2004-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 254632
[Title] => SEC to impose risk-based capital standards on brokers
[Summary] => The Securities and Exchange Commission (SEC) will impose risk-based capital standards on stockbrokerage houses and investments houses to ensure that they have adequate capital to cover risks and meet contractual obligations.
The SEC said the shift to the risk-based approach of supervision will allow it to develop monitoring and audit processes that will identify, assess, monitor and if necessary, appropriately direct specific market players to control specific risk areas.
[DatePublished] => 2004-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 252899
[Title] => SEC presses PSE on independence of surveillance unit
[Summary] => The Securities and Exchange Commission has directed the Philippine Stock Exchange (PSE) to submit by Wednesday (June 9) the interim measures to ensure the independence of its Compliance and Surveillance unit.
The directive came after the PSE board of directors decided to retain the Compliance and Surveillance Group within the PSE organization despite calls for the establishment of a separate company that will handle the bourse’s examination and investigation of trading participants.
[DatePublished] => 2004-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 249700
[Title] => PSE drafting new rules on suspension, takeover of brokerage companies
[Summary] => The Philippine Stock Exchange (PSE) is drafting new rules governing the suspension and take-over of erring broker firms.
The revised rules seek to update the old compliance and surveillance rules to make them conform to the provisions of the Securities Regulation Code and its implementing rules and regulations.
The rules set out the procedures for the inspection, examination and investigation of trading participants and the disposition of cases by the PSE’s Compliance and Surveillance Group (CSG).
[DatePublished] => 2004-05-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 244796
[Title] => SEC extends ownership disclosure period for listed firms
[Summary] => The Securities and Exchange Commission (SEC) has approved the three-day extension of the deadline to disclose the ownership of officers and directors in shares of listed companies, from the previous two days to five trading days.
SEC chairman Lilia R. Bautista said the commission approved the amendment proposed by the Philippine Stock Exchange (PSE) in an executive meeting last Tuesday.
[DatePublished] => 2004-04-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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