Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF INVESTMENT COMPANIES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 247, 12th Congress of the Republic | |
| FULL TITLE : AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF INVESTMENT COMPANIES | |
| ABSTRACT : "Investment Company Act of 2001." The purpose of this Act is to establish a comprehensive scheme of regulation to permit investment companies to serve their role in the capital formation process, and at the same time promote the applicaiton of fiduciary principles in the management and supervision of mutual funds and high standards of professionalism by their distributors and others who provide services to them and seek to prevent abuses and protect the interests of the public who are investorsin such companies. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Espina (008 ) | 2. Zialcita (021 ) |
| 3. Espino (015 ) | 4. Syjuco (023 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: jt. ref'ls as per J.17;p.15( Aug. 28,2001) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2001-07-24 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS |
Abstract
"Investment Company Act of 2001." The purpose of this Act is to establish a comprehensive scheme of regulation to permit investment companies to serve their role in the capital formation process, and at the same time promote the applicaiton of fiduciary principles in the management and supervision of mutual funds and high standards of professionalism by their distributors and others who provide services to them and seek to prevent abuses and protect the interests of the public who are investorsin such companies.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.