+ Follow MARKETS REGULATION DEPARTMENT Tag
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 330461
[Title] => SEC retains 35% threshold on mandatory tender offers
[Summary] => The Securities and Exchange Commission (SEC) retained the 35-percent threshold on mandatory tender offers involving listed companies after it failed to draw support from capital market players on its proposal to lower the trigger point to 15 percent.
"We decided to retain the 35 percent threshold for the good of the capital market, said Jose P. Aquino, head of the SEC’s Markets Regulation Department.
[DatePublished] => 2006-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 298625
[Title] => Asiamerit wants its PSE shares transferred to Equitable Savings
[Summary] => Suspended brokerage firm Asiamerit Securities Inc. is seeking the Securities and Exchange Commission’s (SEC) permission to transfer its 50,000 shares in the Philippine Stock Exchange (PSE) to Equitable Savings Bank as payment for its debt.
Asiamerit said PCIB Securities, a stockbrokerage house owned by EPCI Bank, will facilitate the transfer of shares.
Asiamerit voluntarily suspended operations in 1998 due to thinning market volumes brought about by the Asian financial crisis.
[DatePublished] => 2005-09-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 283962
[Title] => SEC wants brokers to justify reduction in paid-up capital
[Summary] => The Securities and Exchange Commission (SEC) has asked the Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) to justify the need to reduce the paid-up capital requirement for brokers.
Jose P. Aquino, head of the SEC’s Markets Regulation Department, said PASBDI needs to explain why the existing paid-up capital requirement of P100 million should be lowered to P40 million.
[DatePublished] => 2005-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 267295
[Title] => SEC okays PSE amendments to dollar board trading rules
[Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange’s proposed amendments to the dollar denominated trading (DDT) facility rules in line with efforts to make the dollar board more profitable and attractive to investors.
Among the changes include the fixing of the board lot at 100 shares for each DDT transaction regardless of the prevailing price and the price fluctuation at $0.01 or one cent regardless of the prevailing price.
[DatePublished] => 2004-12-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 264320
[Title] => SEC directs PSE to fill up seat vacated by Lim
[Summary] => The Securities and Exchange Commission (SEC) has directed the Philippine Stock Exchange (PSE) to fill up the vacant independent director seat no later than 15 days from lawyer Francis Lim’s assumption of the PSE presidency.
This as the SEC rejected PSE’s request for exemptive relief from the requirement of having three independent directors when Lim takes over the PSE post. Lim is expected to assume office on Sept. 16.
[DatePublished] => 2004-09-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 263008
[Title] => SEC sets deadline for submission of anti-money laundering manuals
[Summary] => The Securities and Exchange Commission (SEC) has given financial intermediaries under its jurisdiction until Oct. 29 to submit their revised anti-money laundering operating manuals.
The SEC’s regulated intermediaries include stockbrokerage houses, investment houses, mutual funds, common trust fund companies and pre-need companies.
The revised manuals should take into account the new guidelines drafted by the SEC which incorporate amendments to the Anti-Money Laundering Act of 2001, international best practices and other securities rules.
[DatePublished] => 2004-08-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 258908
[Title] => SEC rejects GSIS bid to return PSE shares
[Summary] => No return, no exchange.
This was the position of the Securities and Exchange Commission (SEC) with respect to the Government Service Insurance System’s (GSIS) plan to return its shares in the Philippine Stock Exchange (PSE) on growing disappointment over the infighting among PSE shareholder-brokers.
SEC chairman Lilia R. Bautista said the GSIS is prohibited from returning the 1.4 million shares it bought from the PSE because this would be in violation of the trust fund doctrine.
[DatePublished] => 2004-07-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 258415
[Title] => Yuchengco firm welcomes SEC investigation
[Summary] => The Yuchengco-owned broker firm First Resources Management & Securities Corp. said yesterday it welcomes the investigation being conducted by the Securities and Exchange Commission into the company.
In a statement issued, former Philippine Stock Exchange chairman Vivian Yuchengco said "First Resources welcomes the SEC’s move to look into stock transactions of the Government Service Insurance System coursed through us."
[DatePublished] => 2004-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 258174
[Title] => SEC sets guidelines on anti-money laundering rules for capital marts
[Summary] => The Securities and Exchange Commission (SEC) has drafted a new set of guidelines that would assist regulated intermediaries in the preparation of their anti-money laundering operating manuals.
The new guidelines include changes in the anti-money laundering act of 2001, international best practices and other securities rules.
Institutions covered by the guidelines are stockbrokerage houses, investment houses, mutual funds, common trust fund companies and pre-need companies.
[DatePublished] => 2004-07-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 258054
[Title] => SEC reviews GSIS stock deals coursed through First Resources
[Summary] => The Securities and Exchange Commission (SEC) is looking into stock transactions of the Government Service Insurance System (GSIS) coursed through the Yuchengco-owned broker firm First Resources Corp.
The investigation was spurred by text messages sent to SEC officials, complaining about First Resources‚ cornering all of GSIS stock market deals for the first half of the year. These transactions reportedly had the backing of GSIS president Winston Garcia, who is said to be close to former PSE chairman Vivian Yuchengco.
[DatePublished] => 2004-07-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
MARKETS REGULATION DEPARTMENT
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 330461
[Title] => SEC retains 35% threshold on mandatory tender offers
[Summary] => The Securities and Exchange Commission (SEC) retained the 35-percent threshold on mandatory tender offers involving listed companies after it failed to draw support from capital market players on its proposal to lower the trigger point to 15 percent.
"We decided to retain the 35 percent threshold for the good of the capital market, said Jose P. Aquino, head of the SEC’s Markets Regulation Department.
[DatePublished] => 2006-04-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 298625
[Title] => Asiamerit wants its PSE shares transferred to Equitable Savings
[Summary] => Suspended brokerage firm Asiamerit Securities Inc. is seeking the Securities and Exchange Commission’s (SEC) permission to transfer its 50,000 shares in the Philippine Stock Exchange (PSE) to Equitable Savings Bank as payment for its debt.
Asiamerit said PCIB Securities, a stockbrokerage house owned by EPCI Bank, will facilitate the transfer of shares.
Asiamerit voluntarily suspended operations in 1998 due to thinning market volumes brought about by the Asian financial crisis.
[DatePublished] => 2005-09-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 283962
[Title] => SEC wants brokers to justify reduction in paid-up capital
[Summary] => The Securities and Exchange Commission (SEC) has asked the Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) to justify the need to reduce the paid-up capital requirement for brokers.
Jose P. Aquino, head of the SEC’s Markets Regulation Department, said PASBDI needs to explain why the existing paid-up capital requirement of P100 million should be lowered to P40 million.
[DatePublished] => 2005-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 267295
[Title] => SEC okays PSE amendments to dollar board trading rules
[Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange’s proposed amendments to the dollar denominated trading (DDT) facility rules in line with efforts to make the dollar board more profitable and attractive to investors.
Among the changes include the fixing of the board lot at 100 shares for each DDT transaction regardless of the prevailing price and the price fluctuation at $0.01 or one cent regardless of the prevailing price.
[DatePublished] => 2004-12-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 264320
[Title] => SEC directs PSE to fill up seat vacated by Lim
[Summary] => The Securities and Exchange Commission (SEC) has directed the Philippine Stock Exchange (PSE) to fill up the vacant independent director seat no later than 15 days from lawyer Francis Lim’s assumption of the PSE presidency.
This as the SEC rejected PSE’s request for exemptive relief from the requirement of having three independent directors when Lim takes over the PSE post. Lim is expected to assume office on Sept. 16.
[DatePublished] => 2004-09-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 263008
[Title] => SEC sets deadline for submission of anti-money laundering manuals
[Summary] => The Securities and Exchange Commission (SEC) has given financial intermediaries under its jurisdiction until Oct. 29 to submit their revised anti-money laundering operating manuals.
The SEC’s regulated intermediaries include stockbrokerage houses, investment houses, mutual funds, common trust fund companies and pre-need companies.
The revised manuals should take into account the new guidelines drafted by the SEC which incorporate amendments to the Anti-Money Laundering Act of 2001, international best practices and other securities rules.
[DatePublished] => 2004-08-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 258908
[Title] => SEC rejects GSIS bid to return PSE shares
[Summary] => No return, no exchange.
This was the position of the Securities and Exchange Commission (SEC) with respect to the Government Service Insurance System’s (GSIS) plan to return its shares in the Philippine Stock Exchange (PSE) on growing disappointment over the infighting among PSE shareholder-brokers.
SEC chairman Lilia R. Bautista said the GSIS is prohibited from returning the 1.4 million shares it bought from the PSE because this would be in violation of the trust fund doctrine.
[DatePublished] => 2004-07-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 258415
[Title] => Yuchengco firm welcomes SEC investigation
[Summary] => The Yuchengco-owned broker firm First Resources Management & Securities Corp. said yesterday it welcomes the investigation being conducted by the Securities and Exchange Commission into the company.
In a statement issued, former Philippine Stock Exchange chairman Vivian Yuchengco said "First Resources welcomes the SEC’s move to look into stock transactions of the Government Service Insurance System coursed through us."
[DatePublished] => 2004-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 258174
[Title] => SEC sets guidelines on anti-money laundering rules for capital marts
[Summary] => The Securities and Exchange Commission (SEC) has drafted a new set of guidelines that would assist regulated intermediaries in the preparation of their anti-money laundering operating manuals.
The new guidelines include changes in the anti-money laundering act of 2001, international best practices and other securities rules.
Institutions covered by the guidelines are stockbrokerage houses, investment houses, mutual funds, common trust fund companies and pre-need companies.
[DatePublished] => 2004-07-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 258054
[Title] => SEC reviews GSIS stock deals coursed through First Resources
[Summary] => The Securities and Exchange Commission (SEC) is looking into stock transactions of the Government Service Insurance System (GSIS) coursed through the Yuchengco-owned broker firm First Resources Corp.
The investigation was spurred by text messages sent to SEC officials, complaining about First Resources‚ cornering all of GSIS stock market deals for the first half of the year. These transactions reportedly had the backing of GSIS president Winston Garcia, who is said to be close to former PSE chairman Vivian Yuchengco.
[DatePublished] => 2004-07-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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