Implementing Rules and Regulations of the Investment Company Act

December 19, 2017IMPLEMENTING RULES AND REGULATIONS OF THE INVESTMENT COMPANY ACTPursuant to Republic Act No. 2629, otherwise known as the Investment Company Act ("ICA") and Republic Act No. 8799 otherwise known as the Securities Regulation Code ("SRC"), the Commission is granted the authority to prescribe the regulation of investment companies, and to require them to register with the Securities and Exchange Commission ("Commission") and to comply with certain standards including, among others, the regular public disclosure of financial condition, investment policies and objectives, and their fund portfolios as well as their pricing and fees. The Commission is also authorized to regulate Fund Managers and other parties involved in the operation of investment companies;The ICA authorizes the Commission to issue from time to time rules and regulations and orders as are necessary or appropriate to exercise its powers under the ICA that would include the definition of accounting, technical and trade terms and prescribing the forms in which information required in registration statements, prospectuses, applications, and reports to the Commission which shall include the rules governing...