The Securities Regulation Code and its IRR require that every Broker Dealer shall make, keep current and maintain in its principal office the following books and records relating to its business:
Continue readingThe Securities Regulation Code requires that every Broker Dealer shall preserve for a period of not less than 5 years, the first 2 years in an easily accessible place, all books and records, including, but not limited to the following:
Continue readingBeneficial owner or beneficial ownership means any person who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power (which includes the power to vote or direct the voting of such security) and/or investment returns or power (which includes the power to dispose of, or direct the disposition of such security); provided, that a person shall be deemed to have an indirect beneficial ownership interest in any security which is:
Continue reading[These definitions are based on Republic Act No. 7042, also known as the Foreign Investments Act of 1991, as amended by Republic Act No. 8179, as well as the Implementing Rules and Regulations of Republic Act No. 7042.]
Continue readingAll things which are not outside the commerce of men may be the object of a contract (Civil Code, Article 1347). Accordingly, a contract whose objects is outside the commerce of men is inexistent and void from the beginning (Civil Code, Article 1409).
Continue reading[On 21 July 2015, the President signed Republic Act No. 10667, also known as the Philippine Competition Act”. Here is the complete text of R.A. 10667.]
Continue reading[The Supreme Court approved, through A.M. No. 15-06-10-SC dated 25 April 2017, the “Revised Guidelines for Continuous Trial of Criminal Cases”. It took effect on 1 September 2017 Here is the full text of the “Revised Guidelines for Continuous Trial of Criminal Cases”.]
[President Rodrigo Duterte recently signed the law which provides for free college education, Republic Act No. 10931, also known as the Universal Access to Quality Tertiary Education Act. To aid in the better discussion of the merits of this law, we are reproducing the full text below.]
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