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The Securities Regulation Code
The Securities Regulation Code
Code
Republic Act No. 8799
Chapter 1
TITLE AND DEFINITIONS
Section 1 Section 2
Title Declaration of State Policy
Shares, participation or
Originator, maker, Person engaged in the Many person who
interests in a corporation or
obligor, or creator of business of buying and buys sells securities
in a commercial enterprise or
the security. selling securities for for his/her own
profit-making venture and
the account of others account in the ordinary
evidenced by a certificate,
course of business.
contract, instruments,
whether written or electronic
in character.
Section 3
Definition of Terms
Are contracts which provide for A person who, acting alone or The document made by or an
Application for the
the performance of future with others, takes initiative in behalf of an issuer,
registration of securities
services of or the payment of founding and organizing the underwriter or dealer to sell or
required to be filed with the
future monetary considerations business or enterprise of the offer securities for sale to the
at the time actual need... issuer and receives SEC.
public through registration
consideration therefor. statement filed with the
Commission.
Section 3
Definition of Terms
Have jurisdiction and supervision over all Approve, reject, suspend, revoke or require
corporations, partnership or associations who are amendments to registration statements, and
the grantees of primary franchises and/or a registration and licensing applications
license or a permit issued by the Government
Issue cease and desist orders to prevent fraud or Compel the officers of any registered corporation
injury to the investing public or association to call meetings of stockholders or
members
Punish for the contempt of the Commission, both Issue subpoena duces tecum and summon
direct and indirect witnesses
Suspend or revoke, after proper notice and hearing Exercise such other powers as may be provided
the franchise or certificate of registration of by law as well as those which may be implied
corporations, partnership or associations, upon any from,...
grounds provided by law
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