November 4, 1996
SICD RULES OF PROCEDURE ON ADMINISTRATIVE ACTIONS/PROCEEDINGS
To effectively carry out and implement the provisions of Presidential Decree No. 902-A, as amended, the Revised Securities Act and other security laws and rules enforced by the Commission, the Commission pursuant to the powers vested in it under existing laws, hereby promulgates the following set of rules of procedure to govern administrative actions or proceedings before the Securities Investigation and Clearing Department (SICD) of the Securities and Exchange Commission (SEC). cdll
RULE I
Title
SECTION 1. Title. — This set of rules shall be known as the SICD RULES OF PROCEDURE ON ADMINISTRATIVE ACTIONS/PROCEEDINGS.
SECTION 2. Applicability. — This set of rules shall apply to all administrative cases for violation of the Revised Securities Act, Investment Company Act, Corporation Code of the Philippines, Financing Company Act, Laws on Partnership and other laws administered by the Commission in which the sanctions are revocation, suspension or denial of franchise/certificate of registration/license or imposition of fines, filed by the Prosecution and Enforcement Department (PED) of this Commission, with the SICD in the exercise...
