Rules for Trading on Dollar Board
SEC Rules and Regulations • Securities and Exchange Commission • Rules and Regulations • Apr 12, 1976
Full text
April 12, 1976 RULES FOR TRADING ON DOLLAR BOARD In, line with the desire of the President of the Philippines of attracting foreign investors through stock exchanges. and to provide liquidity therefor, the Securities and Exchange. Commission, pursuant to the powers vested in it under existing laws, hereby promulgates the following rules: 1. All stock exchanges duly registered and authorized to operate as such in the Philippines are required to set up and maintain in their trading floors, in addition to their existing trading boards, a board to be known as the DOLLAR BOARD. 2. Quotations in the said Dollar Board shall be in US$. Payment of purchases and sales therein shall likewise be in US currency in accordance with existing pertinent CB rules and/or circulars. 3. Transaction on the Dollar Board shall be effected in accordance with existing trading rules and procedures, except as provided herein. The following price fluctuations, board lots, maximum board lots, shall be observed. PRICE RANGE BOARD LOT MAXIMUM FLUCTUATION BD. LOT From US $0.01 to US $0.10 10,000 5 US $0.001 " " .10 " 0.20 5,000 5 .0025 (1/4) " " .20 " 0.50 1,000 10 .0025 (1/4) " " .50 " 1.00 500 10 .005 (1/2) Over 1.00 100 10 .125 (1/8) a Dollar 4. Daily report of sales and purchases shall be made and submitted to the SEC by each broker/dealer in the form provided under Rule B-11. 5. These rules shall be cited as SEC Rule BED 902A-1 and shall take effect immediately. LibLex (SG.) ANGEL L. LIMJOCO, JR. Chairman
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