INVESTMENT AND INSURANCE COMPANIES Flashcards
mahirap (39 cards)
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
with an objective of providing investors with a return that replicates or is linked to securities
indices as disclosed in its prospectus.
Index Fund
invests in short-term fixed income securities with a portfolio duration of one (1) year or less.
Money market funds
invests in a fixed or variable mix of both equity and fixed-income
instruments, as well as cash and cash-equivalents
Multi-asset/Asset Allocation Fund
main business of an investment company is to
hold and manage securities
TOP INVESTMENT MANAGEMENT COMPANIES IN THE PHILIPPINES
*AC Industrial Technology Holdings Inc.
*ATRAM Group
*Alsons Consolidated Resources Inc (ACR)
*Amalgamated Investment Bancorporation
*Antto Management & Investment Corporation
*Ateneo Management Economics Organization
*CGOC
*Child Protection Network
*Cocolife Asset Management Company, Inc.
*Cuervo Appraisers Inc.
*Empirica
*Fintech Ventures
*First Metro Asset Management Inc.
*First Shoshin Holdings Corp.
*ICCP Group
*Iridium Asia Holdings
*LINK Business PH
*Metro Pacific Investments Corporation
*Meyado Private Wealth Management Philippines
*Philippine Board of Investments (BOI)
*Pinetree Capital
*Pinnacle Sources Global Consultancy Inc
*Prime Asset Ventures, Inc. (PAVI)
*Seedbox Philippines
*TAO COMMODITY TRADER, INC
*Vicsal Investment, Inc.
*W Group
collect premiums in advance of losses and need to invest these funds
INSURANCE COMPANIES
government agency under the Department of Finance that supervises and regulates insurance, preneed, and health maintenance organization industries pursuant to Republic Act Nos. 10607, 9829, and Executive Order No. 192, series of 2015.
Insurance Commission
It is an essential element in our
present day life, securing our standards of
living and the stability of our families, as well
as our property rights. Everyone in this
country feels the protecting arm in some form
of insurance and most of us are affected by
the many forms of its protection.
Insurance
must form a business entity in
the Philippines. The most common business entity is a stock corporation,
and the new corporation needs to register with the Securities and Exchange
Commission.
new insurance (or reinsurance) company
