Securities Act of 1992

The Securities Act of 1992 was enacted in the Philippines to improve the fairness, transparency, and protection in the securities market. It established the Securities and Exchange Commission (SEC) as the main regulator, set rules for issuing and trading securities, and aimed to prevent fraud and manipulation. The law also enhanced disclosure requirements for companies, ensuring investors have accurate information. Overall, it seeks to foster investor confidence and a stable, efficient capital market by creating a structured framework for securities issuance, trading, and regulation.