SEC is now under DTI from Department of Finance

Posted on May 29th, 2009



The Securities and Exchange Commission (SEC) used to be managed by the Department of Finance was administratively transferred under the supervision of Department of Trade and Industry (DTI) by President Arroyo through Executive Order 800 which was signed last May 14 this year due to the problems in the pre-need industry.



Ermita said that, “The pre-need is among those problems that came up and it is being investigated by SEC and therefore, that being the subject matter, being more or less within the purview of the functions of the DTI at this particular moment, the President thought that it would be good to transfer its supervision to the DTI.”

Securities and Exchange Commission





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This entry was posted on Friday, May 29th, 2009 at 2:15 pm and is filed under Corporations, Government, Law, Philippine Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



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