The bill on the Maharlika Investment Fund has now passed the approval of the House of Representatives. With a vote of 279-6, the bill that aims to create a sovereign wealth fund was approved on second and third reading on the same day last December 15. Issuance of securities must be conducted exclusively through the platform of the intermediary that is registered with the SEC such as Broker-dealers, Investment houses or funding portals. A funding portal involved as an intermediary is prohibited from offering investment advice or recommendations, marketing the securities displayed on the platform, compensating people who solicit investments for securities displayed or referenced on its platform or managing investor funds or securities. The Court of Appeals has placed a TRO (temporary restraining order) on the demand of the NTC for a refund of almost Php7 billion to subscribers. Read more in our articles including "Maharlika Investment Fund passes House approval" and "Stargate announced as a $500 billion AI infrastructure investment".
The bill on the Maharlika Investment Fund has now passed the approval of the House of Representatives. With a vote of 279-6, the bill that aims to create a sovereign wealth fund was approved on second and third reading on the same day last December 15.
Issuance of securities must be conducted exclusively through the platform of the intermediary that is registered with the SEC such as Broker-dealers, Investment houses or funding portals. A funding portal involved as an intermediary is prohibited from offering investment advice or recommendations, marketing the securities displayed on the platform, compensating people who solicit investments for securities displayed or referenced on its platform or managing investor funds or securities. The Court of Appeals has placed a TRO (temporary restraining order) on the demand of the NTC for a refund of almost Php7 billion to subscribers.
Our coverage of maharlika investment fund bill includes: "Maharlika Investment Fund passes House approval"; "Stargate announced as a $500 billion AI infrastructure investment"; "SEC approves rules and regulations on crowd-funding". Each article provides unique insights and information.