Approving PSE's Proposed Rules on Establishing and Maintaining Branches and/or Agencies of Trading Participants

June 7, 2011SEC-MRD OPINIONPhilippine Stock Exchange, Inc.PSE PlazaAyala Triangle, Makati CityFax No. 891-9004 Attention: Mr. Hans B. SicatPresident & CEOGentlemen:Attached are two (2) copies of the approved PSE's proposed Rules on Establishing and Maintaining Branches and/or Agencies of Trading Participants Agencies of Trading Participants, bearing the signatures of PSE representatives and countersigned by the Director, Market Regulation Department, SEC. IEAHcaPlease immediately post the amended rules in your website and inform the Commission on the effectivity of the amended rules.We also suggest that the Exchange conduct information campaign about the changes in the rules for the guidance of listed companies, trading participants and the investing public. DTSaHIVery truly yours, (SGD.) JOSE P. AQUINODirectorATTACHMENTRules on Establishing and Maintaining Branches and/or Agencies of Trading ParticipantsARTICLE IGeneral ProvisionsSECTION 1. Coverage. — These Rules shall apply to Trading Participants who establish and maintain branches; and to those who, in connection with the conduct of their securities business, contract the services of an agent to represent them or act on their behalf in dealing with third parties. IEAHcaSECTION 2. Definitions. —...