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                    [Title] => SEC drafts rules on OTC trading
                    [Summary] => The Securities and Exchange Commission (SEC) has drafted new rules on the trading of securities over-the-counter (OTC) in line with efforts to further develop the domestic capital market.


An OTC market refers to the method of buying and selling securities outside of an established exchange or any alternative trading system (ATS).


                    [DatePublished] => 2006-04-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 288797
                    [Title] => SEC hails Vitug appointment as PSE chairman
                    [Summary] => The Securities and Exchange Commission (SEC) has welcomed the appointment of retired Supreme Court Associate Justice Jose Vitug as chairman of the Philippine Stock Exchange (PSE), saying the election of another non-broker to head the bourse sends a strong signal that the exchange is serious in its efforts to rid itself of its exclusive "old boys club" image.


Vitug, 71,  was unanimously elected by the PSE board of directors last Wednesday as the new chairman replacing banker Peter Favila who was recently appointed Trade and Industry Secretary by President Arroyo.


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                    [ArticleID] => 262441
                    [Title] => PSE mulls creation  of integrity board
                    [Summary] => The Philippine Stock Exchange (PSE) could set up an integrity board that would ensure the objectivity of audits conducted by its trading watchdog, the Compliance and Surveillance Group (CSG).


According to Securities and Exchange Commission (SEC) chairman Lilia Bautista, they may no longer require the PSE to spin off the CSG into a separate corporation but instead, merely require the exchange to create an integrity board that that would ensure the CSG’s independence. 


                    [DatePublished] => 2004-08-24 00:00:00
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                    [ArticleID] => 253048
                    [Title] => PSE to take over assets of troubled brokerage firm
                    [Summary] => The Securities and Exchange Commission (SEC) has authorized the Philippine Stock Exchange (PSE)  to take over the assets of broker firm Marino Olondriz Y Cia to ensure the settlement of the latter’s liabilities to its clients.


The SEC said Marino Olondriz’s financial condition has so deteriorated that it cannot meet the demands of its customers for the delivery of securities and/or payment of sales proceeds.


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MARKETS AND EXCHANGES DEPARTMENT

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                    [ArticleID] => 332486
                    [Title] => SEC drafts rules on OTC trading
                    [Summary] => The Securities and Exchange Commission (SEC) has drafted new rules on the trading of securities over-the-counter (OTC) in line with efforts to further develop the domestic capital market.


An OTC market refers to the method of buying and selling securities outside of an established exchange or any alternative trading system (ATS).


                    [DatePublished] => 2006-04-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 288797
                    [Title] => SEC hails Vitug appointment as PSE chairman
                    [Summary] => The Securities and Exchange Commission (SEC) has welcomed the appointment of retired Supreme Court Associate Justice Jose Vitug as chairman of the Philippine Stock Exchange (PSE), saying the election of another non-broker to head the bourse sends a strong signal that the exchange is serious in its efforts to rid itself of its exclusive "old boys club" image.


Vitug, 71,  was unanimously elected by the PSE board of directors last Wednesday as the new chairman replacing banker Peter Favila who was recently appointed Trade and Industry Secretary by President Arroyo.


                    [DatePublished] => 2005-07-29 00:00:00
                    [ColumnID] => 133272
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                    [Title] => PSE mulls creation  of integrity board
                    [Summary] => The Philippine Stock Exchange (PSE) could set up an integrity board that would ensure the objectivity of audits conducted by its trading watchdog, the Compliance and Surveillance Group (CSG).


According to Securities and Exchange Commission (SEC) chairman Lilia Bautista, they may no longer require the PSE to spin off the CSG into a separate corporation but instead, merely require the exchange to create an integrity board that that would ensure the CSG’s independence. 


                    [DatePublished] => 2004-08-24 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 253048
                    [Title] => PSE to take over assets of troubled brokerage firm
                    [Summary] => The Securities and Exchange Commission (SEC) has authorized the Philippine Stock Exchange (PSE)  to take over the assets of broker firm Marino Olondriz Y Cia to ensure the settlement of the latter’s liabilities to its clients.


The SEC said Marino Olondriz’s financial condition has so deteriorated that it cannot meet the demands of its customers for the delivery of securities and/or payment of sales proceeds.


                    [DatePublished] => 2004-06-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
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abtest

SEC drafts rules on OTC trading

By Zinnia B. Dela Peña | April 21, 2006 - 12:00am

The Securities and Exchange Commission (SEC) has drafted new rules on the trading of securities over-the-counter (OTC) in line with efforts to further develop the domestic capital market. An OTC market refers to...

Business

SEC hails Vitug appointment as PSE chairman

By Zinnia B. Dela Peña | July 29, 2005 - 12:00am

The Securities and Exchange Commission (SEC) has welcomed the appointment of retired Supreme Court Associate Justice Jose Vitug as chairman of the Philippine Stock Exchange (PSE), saying the election of another non-broker...

Business

PSE mulls creation of integrity board

By Zinnia B. Dela Peña | August 24, 2004 - 12:00am

The Philippine Stock Exchange (PSE) could set up an integrity board that would ensure the objectivity of audits conducted by its trading watchdog, the Compliance and Surveillance Group (CSG). According to Securities...

Business

PSE to take over assets of troubled brokerage firm

By Zinnia B. Dela Peña | June 8, 2004 - 12:00am

The Securities and Exchange Commission (SEC) has authorized the Philippine Stock Exchange (PSE) to take over the assets of broker firm Marino Olondriz Y Cia to ensure the settlement of the latter’s liabilities...

Business