REGULATORY FRAMEWORK AND LEGAL ISSUES IN BUSINESS

1. The following are state policies for the establishment of Securities Regulations Code in the Philippines, which is the exception?

a. To establish a socially conscious, free market that regulates itself;

b. To encourage the widest participation of ownership in enterprises;

c. To enhance the democratization of wealth;

d. To promote the development of the capital market;

e. None of the above

2. Securities Regulations Code is also known as

a. REPUBLIC ACT NO. 7889

b. REPUBLIC ACT NO. 8879

c. REPUBLIC ACT NO. 8779

d. REPUBLIC ACT NO. 8799

3. Is the originator, maker, obligor, or creator of the security.

a. Dealer

b. Issuer

c. Broker

d. Clearing Agency

4. Person who buys sells securities for his/her own account in the ordinary course of business

a. Dealer

b. Issuer

c. Broker

d. Clearing Agency

5. Person who acts as intermediary in making deliveries upon payment effect settlement in securities transactions

a. Dealer

b. Issuer

c. Broker

d. Clearing Agency

6. Person engaged in the business of buying and selling securities for the account of others.

a. Dealer

b. Issuer

c. Broker

d. Clearing Agency

7. The application for the registration of securities required to be filed with the Securities and Exchange Commission.

a. Prospectus

b. Pre-need Plans

c. Registration Statement

d. Uncertificated Security

8. Document made by or on behalf of an issuer, underwriter or dealer to sell or offer securities for sale to the public through registration statement filed with the Securities and Exchange Commission.

a. Prospectus

b. Pre-need Plans

c. Registration Statement

d. Uncertificated Security

9. Contracts which provide for the performance of future services of or the payment of future monetary considerations at the time actual need, for which plan holders pay in cash or installment at stated prices, with or without interest or insurance coverage and includes life, pension, education, interment, and other plans which the SEC may from time to time approve.

a. Prospectus

b. Pre-need Plans

c. Registration Statement

d. Uncertificated Security

10. The following are qualifications of a Commissioner of the SEC, which is the exception:

a. The Commissioners must be natural-born citizens of the Philippines;

b. At least fifty (50) years of age for the Chairperson and at least thirty (30) years of age for the Commissioners;

c. Of good moral character, or unquestionable integrity;

d. Of known probity and patriotism; and

e. With recognized competence in social and economic disciplines