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. 399, 12th Congress of the Republic | |
| FULL TITLE : AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF INVESTMENT COMPANIES | |
| ABSTRACT : Rationale: Investment companies, which include mutual funds, contribute to the development of the capital market by pooling money from a large group of investors who have similar objectives. To strengthen the role of investment companies in the capital formation process, government needs to provide a favorable framework in which said companies can operate to facilitate the flow of investment capital and broaden participation in securities ownership by Filpinos. | |
| PRINCIPAL AUTHOR/S : SALCEDA, JOEY SARTE | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Zialcita | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Monfort (010 ) | 2. Echiverri (025 ) |
| 3. Syjuco (041 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: jt. ref'ls as per J.17;p.15( Aug.28,200 1) | |
| 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
Rationale: Investment companies, which include mutual funds, contribute to the development of the capital market by pooling money from a large group of investors who have similar objectives. To strengthen the role of investment companies in the capital formation process, government needs to provide a favorable framework in which said companies can operate to facilitate the flow of investment capital and broaden participation in securities ownership by Filpinos.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.