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                    [ArticleID] => 222894
                    [Title] => SEC approves new schedule of fines for disclosure violations
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange’s new scale of fines and penalties for listed firms that violate disclosure requirements.


The penalties to be levied against companies found to have violated the exchange’s structured disclosure requirements will be based on the erring firm’s assets.  The fines range from P5,000 to P50,000.


                    [DatePublished] => 2003-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 213152
                    [Title] => PSE poised to suspend 7 firms for reportorial flaws
                    [Summary] => The Philippine Stock Exchange (PSE) has threatened to suspend the trading of seven listed companies for their failure to comply with the bourse’s structured reportorial requirements.


In a memo issued to brokers yesterday, PSE disclosure department head Trisha Zamesa said trading of shares of RFM Corp., Wellex Industries Inc., Uniwide Holdings Inc., Fil-Estate Corp., DMCI Holdings Inc., Banco Filipino Savings & Mortgage Bank and the APC Group will be suspended on July 16 unless these companies comply with the requirements on or before the said date.


                    [DatePublished] => 2003-07-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 208346
                    [Title] => PSE sets heavier penalties for violators of disclosure rules
                    [Summary] => The Philippine Stock Exchange (PSE) will implement stiffer penalties for violations of the corporate disclosure rules as part of continued efforts to ensure a level playing field for both listed companies and investors.


Under the new scale of fines and penalties, which has been approved by the Securities and Exchange Commission, the PSE will publish the names of listed companies found to have violated the Exchange’s structured disclosure requirements.  


The penalties imposed on these erring companies will likewise be made public, the PSE added.


                    [DatePublished] => 2003-06-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 182556
                    [Title] => PSE reviews rules on involuntary delisting
                    [Summary] => The Philippine Stock Exchange (PSE) is reviewing its rules on involuntary delisting in its efforts to weed out the bourse of about 10 "non-performing" companies, PSE president Ernest Leung said over the weekend.


"We are reviewing our policies on dormant companies – how do we defined them?" he said.


But based on the PSE’s existing rules, there are no clear-cut reference to dormant companies nor a specified time frame that would categorize them as dormant.


                    [DatePublished] => 2002-11-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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LISTING AND DISCLOSURE RULES

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                    [ArticleID] => 222894
                    [Title] => SEC approves new schedule of fines for disclosure violations
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange’s new scale of fines and penalties for listed firms that violate disclosure requirements.


The penalties to be levied against companies found to have violated the exchange’s structured disclosure requirements will be based on the erring firm’s assets.  The fines range from P5,000 to P50,000.


                    [DatePublished] => 2003-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 213152
                    [Title] => PSE poised to suspend 7 firms for reportorial flaws
                    [Summary] => The Philippine Stock Exchange (PSE) has threatened to suspend the trading of seven listed companies for their failure to comply with the bourse’s structured reportorial requirements.


In a memo issued to brokers yesterday, PSE disclosure department head Trisha Zamesa said trading of shares of RFM Corp., Wellex Industries Inc., Uniwide Holdings Inc., Fil-Estate Corp., DMCI Holdings Inc., Banco Filipino Savings & Mortgage Bank and the APC Group will be suspended on July 16 unless these companies comply with the requirements on or before the said date.


                    [DatePublished] => 2003-07-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 208346
                    [Title] => PSE sets heavier penalties for violators of disclosure rules
                    [Summary] => The Philippine Stock Exchange (PSE) will implement stiffer penalties for violations of the corporate disclosure rules as part of continued efforts to ensure a level playing field for both listed companies and investors.


Under the new scale of fines and penalties, which has been approved by the Securities and Exchange Commission, the PSE will publish the names of listed companies found to have violated the Exchange’s structured disclosure requirements.  


The penalties imposed on these erring companies will likewise be made public, the PSE added.


                    [DatePublished] => 2003-06-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 182556
                    [Title] => PSE reviews rules on involuntary delisting
                    [Summary] => The Philippine Stock Exchange (PSE) is reviewing its rules on involuntary delisting in its efforts to weed out the bourse of about 10 "non-performing" companies, PSE president Ernest Leung said over the weekend.


"We are reviewing our policies on dormant companies – how do we defined them?" he said.


But based on the PSE’s existing rules, there are no clear-cut reference to dormant companies nor a specified time frame that would categorize them as dormant.


                    [DatePublished] => 2002-11-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

SEC approves new schedule of fines for disclosure violations

By Zinnia B. Dela Peña | October 3, 2003 - 12:00am

The Securities and Exchange Commission (SEC) has approved the Philippine Stock Exchange’s new scale of fines and penalties for listed firms that violate disclosure requirements. The penalties to be levied against...

Business

PSE poised to suspend 7 firms for reportorial flaws

By Zinnia B. Dela Peña | July 10, 2003 - 12:00am

The Philippine Stock Exchange (PSE) has threatened to suspend the trading of seven listed companies for their failure to comply with the bourse’s structured reportorial requirements. In a memo issued to brokers...

Business

PSE sets heavier penalties for violators of disclosure rules

By Zinnia B. Dela Peña | June 1, 2003 - 12:00am

The Philippine Stock Exchange (PSE) will implement stiffer penalties for violations of the corporate disclosure rules as part of continued efforts to ensure a level playing field for both listed companies and investors. Under...

Business

PSE reviews rules on involuntary delisting

November 4, 2002 - 12:00am

The Philippine Stock Exchange (PSE) is reviewing its rules on involuntary delisting in its efforts to weed out the bourse of about 10 "non-performing" companies, PSE president Ernest Leung said over...

Business