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SEC okays self-regulatory organization rules for PSE.
After having been granted self-regulatory organization (SRO) status in 1998, and left afloat since, the Philippine Stock Exchange (PSE) will now have an anchor to support and secure its operations as an SRO.
Following requests made by the local bourse, the commission en banc - the highest decision-and policy-making body of the Securities and Exchange Commission (SEC) - approved last week the long-overdue procedures and guidelines governing the exchange as an SRO.
The rules were approved also to avoid a repeat of the earlier "finger-pointing" that transpired between the bourse and the SEC, in the course of the investigation into the most controversial stock …
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