ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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June 1989
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June 1998
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July 1998
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July 1989
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Detailed explanation-1: -The Philippine Stock Exchange, Inc. (Filipino: Pamilihang Sapi ng Pilipinas; PSE: PSE) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange.
Detailed explanation-2: -Self-Regulatory Organization Status (SRO) as granted by the SEC in June 1998. As such, the PSE acts as the ‘police’ of the stock market and it is the SRO status that empowers it to formulate marketplace rules, and impose penalties or sanctions to market participants who will not comply with these rules.
Detailed explanation-3: -Self Regulatory Organization-Securities and Exchange Commission. About Us. Plans and Programs.
Detailed explanation-4: -No, the U.S. Securities and Exchange Commission (SEC) is a federal regulatory body created by an act of Congress. It is thus governed by federal securities laws and not membership-based rules.