Registration/Licensing of Additional Securities Covering P2.0 Billion Worth of Pension Plans
SEC-NTD (Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Jul 16, 2008
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July 16, 2008 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PRUDENTIALIFE PLANS, INC., registrant. REGISTRATION/LICENSING OF ADDITIONAL SECURITIES COVERING P2.0 BILLION WORTH OF PENSION PLANS ORDER On 2 July 2008, a Registration Statement was filed with the Securities and Exchange Commission for and on behalf of PRUDENTIALIFE PLANS, INC. for the registration/licensing of additional securities covering 12,500 Pension Plans worth Two Billion Pesos (P2,000,000,000.00) . CDTHSI Upon consideration of the Registration Statement and documents attached in support thereto, the Commission, pursuant to SEC Memorandum Circular #1, series of 2007, otherwise known as the "Guidelines on the Expeditious Approvals of Matters Concerning Pre-Need Plans", rendered effective the petition of the aforesaid securities subject to the prescribed terms and conditions stated in the Permit. Accordingly, a Certificate of Registration and Permit to Offer Securities for Sale is hereby issued authorizing the sale of said securities. However, the issuance thereof is only permissive and does not, in any manner, constitute a recommendation or endorsement of the securities permitted to be offered for sale to the public. It shall be unlawful to make or cause to be made to any prospective purchaser any representation contrary to the foregoing. DEcTCa 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. IaEScC SO ORDERED. EDSA, Mandaluyong City, Philippines. July 16, 2008. (SGD.) DIRECTOR JOSE P. AQUINO Acting Director for NTD Published in The Manila Times on July 18, 2008.
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