Exemption from the Requirements of BED Memo Circular No. 3, Series of 1987 on the Form and Contents of Financial Statements
SEC-BED Memorandum Circular No. 05-88 • Securities and Exchange Commission Departments • Markets and Securities Regulation Department (MSRD) • May 9, 1988
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May 9, 1988 SEC-BED * MEMORANDUM CIRCULAR NO. 05-88 TO : All Stock Brokers/Dealers RE : Exemption from the Requirements of BED Memorandum Cir cu lar No. 3, Series of 1987 on the Form and Contents of Financial Statements The Commission hereby EXEMPTS stock brokers/dealers from the requirements of BED Memorandum Circular No. 3, Series of 1987 on the Form and Contents of Financial Statements. As has been previously required, stock brokers/dealers shall instead submit their semi-annual financial statements containing the informations required under Section A-9 of the Rules and Regulations Governing Stock Exchanges and Their Members, Brokers, Dealers, Salesmen and Customers (As Amended). prcd (SGD.) ROSARIO N. LOPEZ Associate Commissioner
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