INVESTMENT AND INSURANCE COMPANIES Flashcards
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means any issuer which is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting, or trading in
securities
INVESTMENT
COMPANY
Known for investing company act
Republic act 2629
Securities Regulated Code
Republic Act 8799
ICA
Investment Company Act
SRC
Securities Regulation Code
IRR
Implementing Rules and Regulations
REQUIREMENTS FOR REGISTRATION
OF INVESTMENT COMPANIES
A. License Fee to operate as an Investment Company
B. Registration Statement
HOW LONG IS THE PROCESSING
OF APPLICATION?
45
means an investment company which is offering for sale or has outstanding any redeemable security of which is the issuer
Open-end Company
means any investment company other than an open-end company.
Closed-end company
with the objective to invest predominantly in or hold equity instruments.
Equity Fund
which invests in fixed income instruments such as bonds, treasury bills, certificates of deposit, promissory notes, bills of exchange, debentures, etc. It should not invest in shares, except redeemable preferred shares, or share warrants.
Bond Fund or Fixed Income Fund
that invests in both equity and fixed income instruments. The respective investments in either equity or fixed income shall not be less than thirty five percent (35%) but not more than sixty five percent (65%) of the NAV of the Investment Company.
Balanced Fund
at least ninety percent
(90%) of its net assets in a single CIS established by another Fund Manager, asset management company or fund operator, which shall not be a feeder fund.
Feeder Fund
at least fifty percent (50%) of its net assets in more than one (1) CIS established by another Fund Manager/s, asset management company/ies or fund operator/s.
Fund-of-Funds