Re: Retail Trade; Ticketing Activity

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Re: Retail Trade; Ticketing Activity

SEC-OGC Opinion No. 12-17

September 19, 2017

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Securities and Exchange Commission

SEC Opinions

Corporate

Re: Retail Trade; Ticketing Activity

SEC-OGC Opinion No. 12-17

September 19, 2017

September 19, 2017SEC-OGC OPINION NO. 12-17RE: RETAIL TRADE; TICKETING ACTIVITYQuisumbing Torres12/F Net One Center26th Street corner 3rd AvenueCrescent Park WestBonifacio Global CityTaguig City, PhilippinesAttention: Atty. Elizabeth B. Opeña; Atty. Ramon Miguel E. BacaniGentlemen :This refers to your letter dated 02 March 2017 requesting for confirmation from the Commission that the ticketing activity described in the letter does not constitute "retail trade" under Republic Act No. 8762, otherwise known as Retail Trade Liberalization Act of 2000 (RTLA). In your letter, you stated that a domestic corporation (Phil Co) is engaged in providing ticketing services to venues across Manila through a variety of sales channels that includes venue box offices, physical outlets in shopping malls (or similar channels, some of which Phil Co owns) and on line (Ticketing Activity). It also sells ticket printers and paper ticket stock as well as providing support services to other unrelated ticketing companies in the Philippines.You disclosed that Phil Co essentially sells tickets on behalf of event producers and venue owners, to the general public to events such as musical performances,...
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Re: Retail Trade; Ticketing Activity

Tags

Securities and Exchange Commission

SEC Opinions