In the Matter of Philequity PSE Index Fund, Inc.
SEC-CGFD Order No. 024-15 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jan 30, 2015
Full text
January 30, 2015 SEC-CGFD ORDER NO. 024-15 IN THE MATTER OF PHILEQUITY PSE INDEX FUND, INC. ORDER Upon consideration of the Amended Registration Statement filed by PHILEQUITY PSE INDEX FUND, INC., the Commission in its meeting on January 27, 2015 resolved to approve the following amendments: AScHCD Subject Original Proposed Reasons Amendment 1. Minimum Php200,000.00 Php50,000.00 (i) To accommodate more subscribers and provide investment opportunities to those who come from the lower income brackets of society; and 2. Additional Php50,000.00 Php5,000.00 (ii) To reflect the trend in the pooled fund industry of having a lower required minimum initial and additional investments compared to other investment vehicles and instruments. The company is directed to upload its amended prospectus at www.philequity.net . SO ORDERED. January 30, 2015, EDSA, Greenhills, City of Mandaluyong, Metro Manila, Philippines. AcICHD (SGD.) JUSTINA F. CALLANGAN Director Published in The Business Mirror on February 13 and 16, 2015.
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