October 26, 2007
MEMO FOR TRADING PARTICIPANTS
SUBJECT : Revised PSE Rules on Short Selling
Please be advised that the Revised PSE Rules on Short Selling has been recently approved by the Securities and Exchange Commission. Attached is a copy of the said rules.
The list of Qualified Securities will be published on the date of effectivity of the PSE Short Selling Rules, which will be announced at the appropriate time.
For your information and guidance.
(SGD.) MELCHOR C. GUERRERO
Vice President, Capital Markets Development Division
PART 1
RULES ON SHORT SELLING
A. General Provisions
These Rules set out the requirements for the conduct of Short Selling in the Exchange.
1.01 Definition of Terms — When used under these Rules, the following terms shall have the meaning indicated, unless the context provides otherwise:
(a) Commission. — The Securities and Exchange Commission.
(b) Director. — Any Director of a corporation or any person performing similar functions with respect to any organization, whether incorporated or not.
(c) Exchange. — The Philippine Stock Exchange, Inc.
(d) Net Long Position. — The value of securities owned by the client under the control of the Trading...
