Transcription of REPUBLIC ACT NO. 8799 THE SECURITIES REGULATION CODE
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REPUBLIC ACT NO. 8799 THE SECURITIES REGULATION CODE
REPUBLIC ACT NO. 8799. THE SECURITIES REGULATION code . Be it enacted by the Senate and the House of Representative of the Philippines in the Congress assembled: CHAPTER I. TITLE AND DEFINITIONS. Section 1. Title. - This shall be known as "The SECURITIES REGULATION code ". Section 2. Declaration of State Policy. The State shall establish a socially conscious, free market that regulates itself, encourage the widest participation of ownership in enterprises, enhance the democratization of wealth, promote the development of the capital market, protect investors, ensure full and fair disclosure about SECURITIES , minimize if not totally eliminate insider trading and other fraudulent or manipulative devices and practices which create distortions in the free market. To achieve these ends, this SECURITIES REGULATION code is hereby enacted. Section 3. Definition of Terms. - " SECURITIES " are shares, participation or interests in a corporation or in a commercial enterprise or profit-making venture and evidenced by a certificate, contract, instruments, whether written or electronic in character.
(g) Other instruments as may in the future be determined by the Commission. 3.2. "Issuer" is the originator, maker, obligor, or creator of the security.
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