December 2, 2008
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
IN THE MATTER OF FIRST UNION PLANS, INC., registrant.
REGISTRATION/LICENSING OF ADDITIONAL SECURITIES COVERING P150 MILLION WORTH OF PENSION PLANS
ORDER
On 14 November 2008, a Registration Statement was filed with the Securities and Exchange Commission for and on behalf of FIRST UNION PLANS, INC. for the registration/licensing of additional securities covering 1,852, Pension Plans worth One Hundred Fifty Million Pesos (P150,000,000.00). HDAECI
Upon consideration of the Registration Statement and documents attached in support thereto, the Commission, pursuant to SEC Memorandum Circular No. 1, series of 2007, otherwise known as the "Guidelines on the Expeditious Approvals of Matters Concerning Pre-Need Plans", rendered effective the registration/licensing of the aforesaid securities subject to the prescribed terms and conditions of the Permit.
Accordingly, a Certificate of Registration and Permit to Offer Securities for Sale is hereby issued authorizing the sale of said securities.
However, the issuance thereof is only permissive and does not, in any manner, constitute a recommendation or endorsement of the securities permitted to be offered for sale to the public. It shall be unlawful...
