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                    [Title] => SEC wants brokers’ stake in bourse limited to 20%
                    [Summary] => The Securities and Exchange Commission (SEC) wants the Philippine Stock Exchange (PSE) to sell more shares to further bring down brokers’ shareholdings in the local bourse to only 20 percent, in compliance with the ownership limitation requirement under the Securities Regulation Code.


SEC chairperson Lilia R. Bautista said while the PSE has already divested almost 40 percent of its shares, there is still a need for the exchange to sell another 40 percent to comply with the securities law.


                    [DatePublished] => 2004-02-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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KIM ENG INVESTMENT

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                    [Title] => SEC wants brokers’ stake in bourse limited to 20%
                    [Summary] => The Securities and Exchange Commission (SEC) wants the Philippine Stock Exchange (PSE) to sell more shares to further bring down brokers’ shareholdings in the local bourse to only 20 percent, in compliance with the ownership limitation requirement under the Securities Regulation Code.


SEC chairperson Lilia R. Bautista said while the PSE has already divested almost 40 percent of its shares, there is still a need for the exchange to sell another 40 percent to comply with the securities law.


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abtest

SEC wants brokers’ stake in bourse limited to 20%

By Zinnia B. Dela Peña | February 14, 2004 - 12:00am

The Securities and Exchange Commission (SEC) wants the Philippine Stock Exchange (PSE) to sell more shares to further bring down brokers’ shareholdings in the local bourse to only 20 percent, in compliance with...

Business