Registration/Licensing of P2 Billion Worth of Traditional Life Plans
NTD (Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Sep 27, 2007
Full text
September 27, 2007 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF ST. PETER LIFE PLAN, INC., registrant REGISTRATION/LICENSING OF P2 BILLION WORTH OF TRADITIONAL LIFE PLANS ORDER Upon consideration of the registration statement and its papers and documents attached thereto filed on September 5, 2007 for and on behalf of ST. PETER LIFE PLAN, INC., the Commission pursuant to SEC Memorandum Circular No. 1 series of 2007 ie: Guidelines on the Expeditious Approvals of Matter Concerning Pre-Need Plans, rendered effective the registration and licensing of additional securities covering 62,966 Traditional Life Plans worth Two Billion Pesos (P2,000,000,000.00), subject to the prescribed terms and conditions. Accordingly, a Certificate of Permit to Sell Securities is hereby issued authorizing (the sale of additional securities covering 62,966 Traditional Life Plans worth Two Billion Pesos (P2,000,000,000.00) . However, the issuance thereof is only permissive and does not constitute a recommendation or indorsement of the securities permitted to be offered for sale. It shall be unlawful to make or cause to be made to any prospective purchaser any representation contrary to the foregoing. Let this Order be published at the expense of the corporation once in a newspaper of general circulation in the Philippines within ten (10) days from its promulgation. The corporation is hereby directed to submit to the Commission an affidavit to this effect within five (5) days from such publication. SO ORDERED. EDSA, Mandaluyong City, Philippines. September 27, 2007. (SGD.) JOSE P. AQUINO Acting Director Published in The Manila Times on September 28, 2007 .
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