New Rules of Procedure of the Securities and Exchange Commission

July 15, 1999NEW RULES OF PROCEDURE OF THE SECURITIES AND EXCHANGE COMMISSIONPursuant to Presidential Decree No. 902-A, as amended, and other related laws in the interest of just, speedy and inexpensive determination of disputes and claims, the Commission hereby promulgates the following new rules of procedure to govern actions and proceedings before it, in the exercise of its adjudicative functions. cdrepSECTION 1. Title. — These Rules shall be known as the New Rules of Procedure of the Securities and Exchange Commission.SECTION 2. Definitions. — For purposes of these Rules the following terms shall mean:a. Commission — the Securities and Exchange Commission.b. Commissioner — the Chairman or any of the Associate Commissioners.c. Hearing Officer —any Commissioner, officer, body or panel duly designated or created by the Commission to hear and decide a particular case.d. Order — any directive, other than a judgment, of a Hearing Officer.e. Corporation — also refers to a partnership or an association registered with the Commission.SECTION 3. Construction. — These rules shall be liberally construed in order to promote public interest and...