The Philippine Council for Print Media
SEC Opinion • Securities and Exchange Commission • Opinions • Mar 24, 1980
Full text
March 24, 1980 The Philippine Council for Print Media Bulletin Today Building Muralla St., Intramuros Metro Manila Attention : Mr . Roberto M . Mendoza Executive Director Gentlemen: This is to acknowledge receipt of your letter dated 6 February 1980, requesting clarification of the particular types of advertisements and contracts prohibited for publication by the Securities and Exchange Commission. As a matter of policy, this Commission requires prior clearance of all publications advertised by country clubs/resort corporation and pre-need companies promoting the sale/issuance of their contracts/plans as well as corporations whose securities are registered with this Office. It only approves publications which have factual basis and disclosed in all the brochures, registration statements and leaflets submitted and evaluated by this Office. Accordingly, only those advertisements stamped "approved for release" by this Commission are requested to be allowed publication by your members. Very truly yours, (SGD.) ROSARIO N. LOPEZ Director Corporate and Legal Department
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.