January 13, 2012
SEC-MRD OPINION
Capital Markets Integrity Corporation
PSE Plaza
Ayala Avenue
Makati City
Fax: 891-9043
Attention: Mr. Jose Luis S. Javier
Chairman
Gentlemen :
This refers to CMIC's application for registration as self-regulatory organization. Please be informed that the Commission in its meeting on 12 January 2012 resolved to:
APPROVE the CMIC Rules and the corresponding operating procedures.
Following our procedures, you are required to submit to this office immediately four (4) copies of the approved version of the amended rules and operating procedures, bearing the initials of two CMIC officials on each page of said rules and procedures. The copies bearing the initials of CMIC officials and the Director, Market Regulation Department, SEC, shall be the official copies.
In addition, CMIC is required to submit immediately to the Commission for approval the requirements and procedures in taking appeal from CMIC management to CMIC Board. The rules should state the powers and functions of CMIC Board. Please note that these requirements are contained in our letters dated 17 August 2011 and 14 November 2011. The procedures will form part of the CMIC Rules.
We will communicate...
