Basic Rules and Regulations to Implement the Provisions of Presidential Decree No. 129 Otherwise Known as "The Investment Houses Law"

July 9, 1973

BASIC RULES AND REGULATIONS TO IMPLEMENT THE PROVISIONS OF PRESIDENTIAL DECREE NO. 129 OTHERWISE KNOWN AS "THE INVESTMENT HOUSES LAW"

To effectively carry out the provisions of Presidential Decree No. 129, otherwise known as "THE INVESTMENT HOUSES LAW", the Commission, pursuant to the powers vested in it by said Decree and by Republic Act Nos. 1143 and 5050, hereby promulgates the following rules and regulations for the information and guidance of the public. prcd

SECTION 1. Scope of Applicability. — These rules and regulations shall apply to any enterprise which engages or purports to engage in the underwriting of securities.

SECTION 2. Definitions. — The following terms as used in Presidential Decree No. 129 and these rules shall be understood to mean as follows:

a. Investment House is an enterprise which engages or purports to engage, whether regularly or on an isolated basis, in the underwriting of securities of another person or enterprise, including securities of the Government and its instrumentalities.

b. Underwriting of securities is the act or process of guaranteeing the distribution and sale within the...

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
digestph@gmail.com
Please read our FAQ before contacting us.