BTr Set to Undertake Review of Rules on Securities Trading

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"We'll be conducting several reviews of the GSED rules and requirements for accreditation," National Treasurer Roberto Tan said. Tan is currently on leave as Department of Finance undersecretary for international finance group.

"Now that I'm full time (as BTr chief) we can focus on the review," Tan added. Up for review are all GSED-related circulars such as accreditation requirements, and which may also include registry, settlement and statement of securities account, trading, among others.

The bureau will issue a new circular updating and revising the accreditation procedures and requirements of securities dealers. GSEDs are licensed banks by the BTr and they submit …