July 9, 1999
NEW RULES AND REGULATIONS ON FUTURE TRADING
Pursuant to Sec. 7 of the Revised Securities Act (BP No. 178) and the provisions of Sec. 3 of Presidential Decree No. 902-A, as amended, the following revised rules and regulations governing futures exchanges, futures brokers and persons associated with them, futures associations, fund managers, trading advisors and other matters concerning the futures industry are hereby promulgated. prcd
Institutions supervised by the Bangko Sentral ng Pilipinas shall be governed primarily by the applicable rules and regulations promulgated by the Bangko Sentral on futures contracts supplemented by the provisions of these rules.
Nothing in these rules shall be construed as amending the rules and regulations adopted by the Bangko Sentral ng Pilipinas on derivatives and foreign exchange transactions in pursuance of the provisions of its Charter and other banking laws.
TITLE I
Definition
SECTION 1. Definition of Terms. — For purposes of these rules, the following definition of terms shall apply:
a. "Commission" shall refer to the Securities and Exchange Commission.
b. "Futures Exchange" or "Contract Market" shall refer to any corporation authorized by the...
