Registration/Licensing of Additional Securities Covering P40.0 Million Worth of Traditional Life Plans
SEC-NTD (Order) • Securities and Exchange Commission Departments • Non-Traditional Securities and Instruments Department (NTD) • Nov 5, 2008
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November 5, 2008 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PAZ MEMORIAL SERVICES, INC., registrant . REGISTRATION/LICENSING OF ADDITIONAL SECURITIES COVERING P40.0 MILLION WORTH OF TRADITIONAL LIFE PLANS ORDER On 14 October 2008, a Registration Statement was filed with the Securities and Exchange Commission for and on behalf of PAZ MEMORIAL SERVICES, INC. for the registration/licensing of additional securities covering 703 Traditional Life Plans worth Forty Million Pesos (P40,000,000.00) . aAEIHC Upon consideration of the Registration Statement and documents attached in support thereto, the Commission, pursuant to SEC Memorandum Circular No. 1, series of 2007, otherwise known as the "Guidelines on the Expeditious Approvals of Matters Concerning Pre-Need Plans", rendered effective the registration/licensing of the aforesaid securities subject to the prescribed terms and conditions of 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 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 purchases 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. November 5, 2008. (SGD.) DIRECTOR JOSE P. AQUINO Acting Director for NTD Published in The Manila Times on November 13, 2008.
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