In re National Auxiliary Chaplaincy Philippines, Inc.

September 22, 2018 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT EIPD Reference No. 2013-934 IN THE MATTER OF NATIONAL AUXILIARY CHAPLAINCY PHILIPPINES, INC. ORDER This has reference to the settlement agreement entered into between the NATIONAL AUXILIARY CHAPLAINCY PHILIPPINES, INC. and the Securities and Exchange Commission. Accordingly, NATIONAL AUXILIARY CHAPLAINCY PHILIPPINES, INC. was charged for possible violation of Sec. 8 (8.1) of the Securities Regulation Code when it issued stock certificates to its members in pursuit of a fund generating project. As a result thereof, an administrative fine was imposed. Consequently, NATIONAL AUXILIARY CHAPLAINCY PHILIPPINES, INC. submitted its settlement offer in the amount of Fifty One Thousand Forty One Pesos and Forty Nine Centavos (Php51,041.49). The total settlement offer amounting to FIFTY ONE THOUSAND FORTY ONE PESOS AND FORTY NINE CENTAVOS (Php51,041.49) has been accepted by the Commission in SEC Resolution No. 460 s. of 2017. This Order is in compliance with Section 55.3 (Settlement Offers) of Republic Act No. 8799, otherwise known as The Securities Regulation Code, which states that "any agreement to settle shall have no legal effect until publicly disclosed." CAIHTE Thus, the case is now deemed settled, without any determination of fault or guilt on the part of NATIONAL AUXILIARY CHAPLAINCY PHILIPPINES, INC. SO ORDERED. Pasay City, September 22, 2018. (SGD.) JOSE P. AQUINO Director