Read this in The Manila Times digital edition.
PHILIPPINE Stock Exchange Inc. (PSE) has been granted exemptive relief to take full control of Philippine Dealing System and Holdings Corp. (PDS), the Securities and Exchange Commission (SEC) said on Thursday.
It said that the commission en banc, in a meeting on Tuesday, had approved the PSE's application for exemption from the Securities Regulation Code (SRC) rule that limits an organization's ownership and voting rights in an exchange to 20 percent.
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