September 15, 1993
AMENDED RULES GOVERNING WARRANTS
In the interest and for the protection of investors, the Securities and Exchange Commission, pursuant to the powers vested in it under existing laws, particularly the Batas Pambansa Blg. 178 (Revised Securities Act), Republic Act No. 1143, and P.D. 902-A, hereby promulgates the following rules: cdll
SECTION 1. Definitions. — When used under these Rules, the following terms shall have the meaning indicated, unless the context provides otherwise:
(1) "Commission" — means the Securities and Exchange Commission.
(2) "Warrant" — a type of security which entitles the holder the right to subscribe to, the unissued capital stock of a corporation or to purchase issued shares in the future, evidenced by a Warrant Certificate, whether detachable or not, which may be sold or offered for sale to the public but does not apply to a right granted under an Option Plan duly approved by the Commission for the benefit of employees, officers and/or directors of the issuing corporation. A warrant may either be:
a. Subscription Warrant — a warrant which entitles the holder thereof the...
