+ Follow JUSTINA CALLANGAN Tag
JUSTINA CALLANGAN
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 1250145
[Title] => SEC revises rules on shelf registration of securities
[Summary] => The Securities and Exchange Commission (SEC) is introducing the revised rules on shelf registration for the issuance of securities.
[DatePublished] => 2013-10-28 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1539221
[AuthorName] => Neil Jerome Morales
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 333191
[Title] => GSIS threatens to file criminal, administrative charges vs SEC officials
[Summary] => State-run pension fund Government Service Insurance System (GSIS) has found itself at loggerheads with the Securities and Exchange Commission (SEC) for requiring it to identify the "unnamed buyer" of Equitable PCI Bank shares at P95 per share.
The GSIS, through it legal counsel Leighton R. Siazon, has threatened to file both criminal and administrative charges against SEC officials unless the agency stops pursuing a directive compelling the pension fund to disclose the potential investor of shares in EPCIB.
[DatePublished] => 2006-04-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 265841
[Title] => SEC may raise minimum paid-in capital for financing companies
[Summary] => The Securities and Exchange Commission (SEC) is studying the possibility of increasing the paid-in capitalization of financing companies to level the playing field.
The plan is intended to plug the loopholes in the capital requirements for financing companies as it was noted that most financing firms were successful in circumventing the rule by first establishing its head office in the provinces in order to pay a lower paid-up capital and eventually branching out in Metro Manila.
[DatePublished] => 2004-10-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 233049
[Title] => SEC taps group to validate corporate governance forms
[Summary] => The Securities and Exchange Commission (SEC) will tap the Institute of Corporate Directors to validate the corporate governance self-rating forms submitted by listed companies and issuers of registered securities.
Justina Callangan, head of the SEC’s Corporation Finance Department, said the review would zero in on the attendance of corporate directors. "We would like to find out who are those who have poor attendance in meetings," she said.
[DatePublished] => 2003-12-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 212420
[Title] => SEC waives penalty on E-PCI Bank for late filing
[Summary] => The Securities and Exchange Commission (SEC) has waived the P728,638 fine imposed on Equitable-PCIBank for the late filing of reportorial requirements.
An SEC official said the Corporation Finance Department (CFD) has decided to waive the penalty since Equitable-PCI Bank was only one day late in submitting the required reports."
Equitable-PCI Bank was penalized for late filing of its quarterly report for the period January to March this year. The fine represents one-tenth of one percent of the company’s consolidated net income for 2002.
[DatePublished] => 2003-07-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 207473
[Title] => SEC drafts rules on club membership fees
[Summary] => To keep a tighter lid on the operations of membership clubs, the Securities and Exchange Commission (SEC) is drafting guidelines on the collection of dues from leisure club members to ensure the protection of the investing public.
Among the measures that the SEC is looking at will require exclusive recreational and sports clubs to place in escrow proceeds from the sale of their club shares.
An SEC committee looking into the operations of leisure clubs said fund withdrawals can only be made upon presentation of the company’s work progress report.
[DatePublished] => 2003-05-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 207097
[Title] => Lending firms may avoid mandatory conversion
[Summary] =>
Lending firms may not be obliged to convert into financing companies after all as the Lower House is poised to pass the Lending Company Regulation Act by June 6.
The bill, once signed into law, will lay down the minimum requirements and standards for the creation of lending firms.
Authored by Bacolod City Rep. Monico Puentevella, the bill seeks to regulate the establishment and operations of lending companies to protect the public against deceptive schemes and fly-by-night operators.
[DatePublished] => 2003-05-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 199744
[Title] => Congress body okays IRR for SPV Act
[Summary] => The Congressional Oversight Committee approved Wednesday night the proposed implementing rules and regulations (IRR) of the Special Purpose Vehicle (SPV) law, which will jumpstart the government’s efforts to turn around the financial sector’s distressed assets.
Justina Callangan, head of the SEC’s Corporation Finance Department, said the COC has agreed to incorporate some changes proposed by several financial institutions and the corporate watchdog agency in the IRR.
The COC agreed to allow an SPV to pay for non-performing assets (NPAs) it will acquire.
[DatePublished] => 2003-03-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 199261
[Title] => SEC forms team to probe erring exclusive clubs
[Summary] => The Securities and Exchange Commission has formed a team to look into complaints filed against a number of exclusive recreational and sports clubs which have been charging prohibitive fees.
The team is composed of Justina Callangan, who heads the Corporation Finance Department, Jose P. Aquino of the Markets Regulation Department, Emil P. Aquino of the Non-Traditional Securities Department, and SEC general accountant Roberto Manabat.
[DatePublished] => 2003-03-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 172906
[Title] => Listed firms’ execs told to take corporate governance lessons
[Summary] => The Securities and Exchange Commission is urging all executives of listed corporations and banks to undergo intensive training to apprise them of their responsibilities to shareholders.
Justina Callangan, head of the SEC’s Corporation Finance Department, is calling upon corporate executives to initiate corporate governance reforms by bringing and observing best practices into their boardrooms. To be able to do this, she said business executives need orientation and training.
[DatePublished] => 2002-08-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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