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S E N A T
s.No.
EXPLANATORY NOT
This bill seeks to strengthen the commodity futures market in the Philippines
through amendments in the Revised Securities Act to provide protection for trading
participants, enable the market to be more independent, and bolster public confidence
in the domestic futures market.
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SERGIO OSMERA 111
Senator
THIRTEENTH CONGRESS OF THE REPUBLIC )
OF THE PHILIPPINES ) ”84 JUN 30 p 4 :lo
First Regular Session )
~~
AN ACT
TO AMEND CERTAIN PROVISIONS OF THE REVISED SECURITIES
ACT REGARDING FUTURES TRADING, AND FOR OTHER
PURPOSES
Be it enacted by the Senate and the House of Representatives of the Republic of the
Philippines in Congress assembled:
9 the public interest and for the protection of investors by the Commission,
10 with the approval of the Monetary Board of the [Central Bank of the
13 rules and regulations [may, among other things, provide for the
2
1 CONTRACT, AND GUARANTEE THE PERFORMANCE OF
2 EVERY CONTRACT;
18 BROKERS;
26 THEM;
3
4
.. .
3 COMMISSION;
8 CUSTOMERS;
24 inimical to the economic interest of the country or may cause grave and
28 regulations to implement the provisions hereof, within six (6) months from the
4
1 SECTION 3. Repealing Clause. - All laws, decrees, orders, rules and
2 regulations and other issuances inconsistent with the provisions of this Act are
.. . ~
7 SECTION 5. Effecfivify. This Act shall take effect fifteen (15) days after
Approved,