^ c n a u
'(SCicf o ltijc ii; ata /
SEVENTEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
S.B. No.
SENATE
1467
*17 
MAY 23f AlO -17
RECEIVED BV.
INTRODUCED BY: SENATOR EMMANUEL D. PACQUIAO
AN ACT
ESTABLISHING A SECURITIES AND EXCHANGE COMMISSION (SEC) OFFICE IN 
KORONADAL CITY AND APPROPRIATING FUNDS THERJLFOR
EXPLANATORY NOTE
The Securities and Exchange Commission (SEC) governs the capital and 
corporate market infrastructure in the Philippines. Apart from ensuring free, fair, and 
competitive business environment, the national government regulatory agency also 
crafts speedy and systematic mechanisms to guarantee convenience in investment 
processes.
Region XII, otherwise known as SOCCSKSARGEN, has become a flourishing 
business hub in 
Southern 
Mindanao and 
neighboring 
provinces as business 
opportunities expanded brought by tourism and thriving local market. General Santos 
City, for instance, has been consistently included in the list of “most business-friendly" 
local government units.
With the overwhelming increase of private investors in the SOCCSKSARGEN, it 
is compelling to create a Securities and Exchange Commission office in the region to 
further encourage economic development rather than dissuade investors due to 
inconvenience brought by the absence of a governing body that can immediately cater 
the business investors’ needs.
The SEC office shall be situated in Marbel, South Cotabato, being the provincial 
trading hub of the region.
In view of the foregoing, approval of this bill is earnest
EMMANU
Senator
CQUIAO


/ f*rr,K
^ninlr
'(Officr or tlir -i'l a ; lorj>
SEVENTEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES
First Regular Session
S.B. No.
SENATE
1467
■17 
HAY 2 3 'Ain 37
W
RtCEIVEOaV;
INTRODUCED BY: SENATOR EMMANUEL D. PACQUIAO
AN ACT
ESTABLISHING A SECURITIES AND EXCHANGE COMMISSION (SEC) OFFICE IN 
KORONADAL CITY AND APPROPRIATING FUNDS THEREFOR
Be it enacted by the Senate and House of Representatives of the Philippines in Congress 
assembled:
SECTION 1. Title. -  This Act shall be known as the“SEC SOCCSKSARGEN OFFICE 
LAW.”
SEC. 2. Creation. -  There shall be established a Securities and Exchange Commission 
(SEC) Office in Koronadal City, South Cotabato.
SEC. 3. Organization. -  The SEC shall immediately include in its programs the 
organization of the SEC Office in Koronadal City, South Cotabato. The funding of which 
shall be included in the General Appropriations Act.
The following ten (10) plantilla positions are hereby created for the initial 
operation of the SEC Office in Koronadal City, South Cotabato:
NUMBER OF 
POSITIONS
POSITION/TITLE
SALARY GRADE
1
SEC Extension Office Director
26
1
SEC Executive Assistant
13
1
SEC Clerk/Messenger
10
1
SEC Utililty/Driver
9
1
Securities Legal Counsel II
19
1
Securities Specialist II
18
1
Securities Specialist 1
17
1
SEC Records Specialist II
13
1
SEC Support/Clerical 1
10
1
SEC Computer Operator
7


The Department of Budget and Management (DBM) shall immediately issue a 
Notice of Organization, Staffing, and Compensation Action (NOSCA) or such similar 
documents necessary for the same purposes: Provided, That nothing in this section 
shall be construed as to limit the powers of the SEC under Republic Act No. 8799, or 
the Securities Regulation Code, to determine its own position and classification system 
and qualification standards.
SEC. 4. Appropriations. -  The sum of ten million pesos (P hpl0,000,000), in addition to 
SEC’s current annual budget and on top of its regular retention income as provided in 
the Securities Regulation Code, is hereby authorized to be appropriated to the SEC to 
finance the operation of the SEC Office in Koronadal City, South Cotabato for the first 
fiscal year after the effectivity of this Act.
For each fiscal year thereafter, there is authorized to be appropriated to the SE "'- 
in the annual General Appropriations Act such additional sums as may be necessary for 
the continued operation and maintenance of the SEC Office in Koronadal City, South 
Cotabato and such other sums as may be provided by law for the salaries of its officers 
and employees to reflect pay rate changes made in accordance with the Securities 
Regulation Code.
SEC. 5. Implementing Rules and Regulations. The SEC shall issue the necessary rules 
and regulations for the effective implementation of this Act.
SEC. 6. Separability Clause. -  If any section or provision of this Act shall be declared 
unconstitutional or invalid, the other sections or provisions not affected thereby shall 
continue to be in full force and effect.
SEC. 7. Repealing Clause. -  All laws, decrees and orders or parts thereof inconsistent 
herewith are hereby repealed or modified accordingly.
SEC. 8 Effectivity Clause. -  This Act shall take effect fifteen (15) days after its 
publication in two (2) newspapers of general circulation in the Philippines.
Approved,