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I am reproducing underneath edited excerpts of SEC Chairman Emilio B. Aquino’s short presentation as panelist at the anti-corruption and integrity pointers for country-owned organizations (SOEs) during the latest twelfth Meeting of the Asia Network on Corporate Governance of State-owned Enterprises, headed by means of the Governance Commission for Government-Owned or Controlled Corporations (GOCCs), onContinue reading “Protecting state-owned firms”

More than four months in the past, I wrote about overseas currency denominated authorities bonds as securities deposit by a Philippine department of a overseas enterprise. In the item posted on May 29, 2019, I made a difference between Section 126 of the antique “Corporation Code,” or Batas Pambansa Blg. Sixty eight, and Section 143Continue reading “SEC’s revised tips on overseas organization’s securities deposit”

THE Securities and Exchange Commission (SEC) currently celebrated its 83rd anniversary. I am proud to proportion some of its massive accomplishments this year. First, the Revised Corporation Code (Stock Global forex broker) turned into finally signed into law by way of President Rodrigo Duterte on February 20, way to the efforts of the House ofContinue reading “Celebrating eighty three years of public carrier”

If the Securities and Exchange Commission (SEC) grants to a foreign corporation a license to do enterprise inside the Philippines, is such license taken into consideration co-terminus with the life of a foreign organisation? In a recent SEC OGC Opinion, the fee opined inside the affirmative. As a fashionable rule, Paragraph 2, Section 11 ofContinue reading “Term of license to do business of a foreign agency”

ARE preneed plans regarded as securities previous to the promulgation of Republic Act (RA) 8799, or “The Securities Regulation Code” (SRC) and RA 9829, or the “Pre-Need Code of the Philippines”? In a recent opinion, the Securities and Exchange Commission (SEC), through its Office of the General Counsel, spoke back inside the affirmative. Batas PambansaContinue reading “Preneed plans as secuities”