+ Follow MARKET REGULATION DEPARTMENT Tag
MARKET REGULATION DEPARTMENT
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 1244900
[Title] => SEC tightens rules on outsourcing
[Summary] => The Securities and Exchange Commission (SEC) is tightening the rules that govern the outsourcing of certain functions of brokerage firms.
[DatePublished] => 2013-10-14 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1539221
[AuthorName] => Neil Jerome Morales
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 372879
[Title] => SEC issues rules on OTC market
[Summary] =>
With the recent success of several initial public offerings (IPOs) and secondary share sale, the Securities and Exchange Commission (SEC) has issued rules governing the trading of securities over-the-counter (OTC) or outside an exchange.
Jose P. Aquino, head of the SEC’s Market Regulation Department, said the rules will regulate the operation and use of an OTC market by brokers, dealers, and salesmen who trade securities in the secondary market.
[DatePublished] => 2006-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 264076
[Title] => Ex-PSE prexy not qualified to sit on board — SEC
[Summary] => The Securities and Exchange Commission (SEC) has ruled that former Philippine Stock Exchange (PSE) president Cayetano Paderanga is not qualified to serve as a director of the exchange and may have to relinquish his post to avoid violating the Securities Regulation Code (SRC).
In a memo to the SEC leadership dated Aug. 31, 2004, the Market Regulation Department said Paderanga is not qualified to sit on the board either as an independent or sectoral director representing market participants.
[DatePublished] => 2004-09-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 232928
[Title] => BIR grants tax breaks to firms planning to operate alternative trading system
[Summary] => The Bureau of Internal Revenue (BIR) is willing to give tax breaks to entities planning to operate an alternative trading system (ATS)
Under the proposed rules drafted by the Securities and Exchange Commission (SEC), an ATS refers to any organization, association, person or group of persons or system that maintains or provides an electronic market place or facilities for bringing together buyers and sellers of securities.
[DatePublished] => 2003-12-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 229409
[Title] => PSE mulls third-party audit on brokers
[Summary] => The Philippine Stock Exchange (PSE) is considering the hiring of a third-party auditing firm to verify the financial condition of broker firms in line with efforts to further professionalize the bourse.
"The PSE is looking at some modifications such as third-party verification process and an accreditation system to check the financial performance of brokerage houses, " said PSE president Ernest Leung.
Leung said the move would ensure that brokers are properly disclosing their true financial health and that investors are adequately protected.
[DatePublished] => 2003-11-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 221443
[Title] => SEC forms body to help formulate policy directions
[Summary] => The Securities and Exchange Commission (SEC) has formed a committee to advise and make recommendations on matters related to bilateral, regional and multilateral cooperation in the fields of financial services, investment and competition policy.
SEC chairman Lilia R. Bautista said there was a need to create a central coordinating body responsible for developing SEC’s position and recommendations with respect to financial services, investment and competition policy.
[DatePublished] => 2003-09-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 200227
[Title] => SEC launches surveillance system to detect stock fraud
[Summary] => As part of its efforts to rid the capital market of unscrupulous elements, the Securities and Exchange Commission launched yesterday its surveillance system aimed at easily detecting fraud, manipulation and other illegal practices in the exchange.
SEC Chairman Lilia B. Bautista said the system is expected to prevent the repeat of the BW Resources stock market scandal, which nearly caused the collapse of the market in 1999.
[DatePublished] => 2003-03-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 184834
[Title] => SEC approves changes to PSE listing rules
[Summary] => The Securities and Exchange Commission has approved amendments to the listing rules of the Philippine Stock Exchange that include giving small investors a 10-percent discount on the offer price of shares under an initial public offering (IPO).
The SEC approved the proposed IPO rules of the PSE despite objections by the Investment Houses Association of the Philippines (IHAP), which argued that a market discount would only create price distortions in the market and could result in the dumping of shares on the first day of listing.
[DatePublished] => 2002-11-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 180869
[Title] => SEC to impose risk-based standards on stock brokers
[Summary] => The Securities and Exchange Commission will impose risk-based capital standards on stockbrokerage houses and investment houses to ensure that they have adequate capital to cover risks and meet contractual obligations.
The SEC’s Market Regulation Department, which oversees securities brokers, government securities dealers, and investment houses, is now working on the proposed risk-based capital standards to ensure the solvency of these entities.
The MRD said the capital adequacy scheme is particularly valid when the systemic cost of default may be unacceptably high.
[DatePublished] => 2002-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 179113
[Title] => SEC set to okay 10% discount on initial public offerings
[Summary] => The Securities and Exchange Commission is likely to approve the proposal of the Philippine Stock Exchange to give a 10-percent discount on all initial public offerings, saying this could perk up liquidity in the equities market.
SEC Chairperson Lilia R. Bautista said: "We are poised to approve the PSE’s proposal on the mandatory discount on IPOs. It will be up to the PSE to determine whether the mandatory allocation will promote IPOs."
[DatePublished] => 2002-10-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 9, 2004 - 12:00am
