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Re: Marketing and Sale of Discount Coupons (Voucher platform on the internet)

Re: Marketing and Sale of Discount Coupons

SEC Opinion No. 12-16 | 2012-09-13

Republic of the Philippines
Department of Finance
Securities and Exchange Commission
SEC Building, EDSA, Greenhills, Mandaluyong City

Office of the General Counsel

13 September 2012
SEC Opinion No. 12-16
Re: Marketing and Sale of Discount Coupons

ATTYS. MA. ELIZABETH E. PERALTA-LORIEGA,
RANULFO G.V. PAYOS, JR., and
BRYAN A. SAN JUAN

PUNO & PUNO LAW OFFICES
12th Floor, East Tower
Philippine Stock and Exchange Center
Exchange Road, Ortigas Center, Pasig City

Madam and Sirs:

This is in reply to your letter requesting an opinion on whether the marketing and sale of discount coupons for goods and services through the internet constitutes advertising, and...