PSE can now fully acquire PDS

PSE can now fully acquire PDS – SEC

By Brix Lelis

Dec 22, 2023 12:18 am

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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