+ Follow DON CALDERON AND NORBERTO ONG Tag
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[Title] => SEC lays framework for revival of futures bourse
[Summary] => The Securities and Exchange Commission is laying down the legal framework that will allow the revival of the country’s futures exchange which was closed due to massive fraud.
The SEC is working on amendments that will clearly define commodities as any financial instrument or agricultural product that may be subject of futures contract.
The term commodity is used in the Securities Regulation Code but no definition is currently provided.
[DatePublished] => 2003-01-08 00:00:00
[ColumnID] => 133272
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[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
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[Title] => SEC plans to reopen futures exchange
[Summary] => The Securities and Exchange Commission intends to reopen the financial futures exchange in the third quarter of next year.
"We hope to reopen the country’s futures exchange by the third quarter of 2003. We have been receiving proposals from several groups to revive a futures exchange in the country," Jose P. Aquino, head of the SEC’s Markets Regulation Department, said.
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[Title] => SEC sees more delay in futures mart reopening
[Summary] => The Securities and Exchange Commission said the reopening of the futures market may be further delayed after the Court of Appeals ruled that the SEC has no jurisdiction over commodities.
The SEC, however, is still hopeful that the appellate court will decide in its favor and acknowledge the corporate watchdog as the agency fit to oversee the commodity futures market.
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DON CALDERON AND NORBERTO ONG
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[Title] => SEC lays framework for revival of futures bourse
[Summary] => The Securities and Exchange Commission is laying down the legal framework that will allow the revival of the country’s futures exchange which was closed due to massive fraud.
The SEC is working on amendments that will clearly define commodities as any financial instrument or agricultural product that may be subject of futures contract.
The term commodity is used in the Securities Regulation Code but no definition is currently provided.
[DatePublished] => 2003-01-08 00:00:00
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[ArticleID] => 181148
[Title] => SEC plans to reopen futures exchange
[Summary] => The Securities and Exchange Commission intends to reopen the financial futures exchange in the third quarter of next year.
"We hope to reopen the country’s futures exchange by the third quarter of 2003. We have been receiving proposals from several groups to revive a futures exchange in the country," Jose P. Aquino, head of the SEC’s Markets Regulation Department, said.
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[Title] => SEC sees more delay in futures mart reopening
[Summary] => The Securities and Exchange Commission said the reopening of the futures market may be further delayed after the Court of Appeals ruled that the SEC has no jurisdiction over commodities.
The SEC, however, is still hopeful that the appellate court will decide in its favor and acknowledge the corporate watchdog as the agency fit to oversee the commodity futures market.
[DatePublished] => 2002-08-03 00:00:00
[ColumnID] => 133272
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abtest
October 24, 2002 - 12:00am
