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SEC Memorandum No. 16 s2004

ADOPTION OF THE RISK BASED CAPITAL ADEQUACY REQUIREMENT/RATIO (RBCA) FOR BROKERS DEALERS

SEC Memorandum No. 16 s2004 |

Republic of the Philippines
SECURITIES AND EXCHANGE COMMISSION
SEC Building, EDSA, Greenhills, Mandaluyong City, Metro Manila
 
SEC MEMORANDUM CIRCULAR NO. 16
Series of 2004
 
TO: ALL BROKERS DEALERS PHILIPPINE STOCK EXCHANGE
 
SUBJECT: ADOPTION OF THE RISK BASED CAPITAL ADEQUACY REQUIREMENT/RATIO (RBCA) FOR BROKERS DEALERS
 
The Commission, pursuant to its regulatory and supervisory powers under Section 5 of the Securities Regulation Code (SRC), approved the following guidelines on the adoption in the Philippines of the Risk Based Capital Adequacy (RBCA) Framework for all registered Brokers Dealers in accordance with SRC Rule...