and replaced by the following texts: “SECTION 13. Any commission member who has an interest in the matter to be considered, shall declare such interest and shall be prohibited from participating in such
shall have a casting vote. SECTION 13. Any commissioner who has an interest in the matter to be considered shall declare such interest and shall be prohibited from participating in such consideration
shall be prohibited from participating in such consideration. Guidelines for consideration of the interest in accordance with the first paragraph shall be specified by the SEC. SECTION 14. The SEC shall
provision: “(5) borrowing in the name of the mutual fund or creating any encumbrances on the assets of the mutual fund, except entering into derivative or engaging in the transaction in accordance with the
, provided that such person does not have any of the prohibited characteristics as prescribed in Section 23. In cases where it is subsequently found that the person acting as a director, manager, or holding a
stipulate in its notification. SECTION 58 In furtherance of the interest of the beneficiary or protect the third person engaging in juristic acts with a trustee, the SEC shall have the power to specify in its
manner; (7) any other operating systems as the SEC may stipulate in its notification. SECTION 58 In furtherance of the interest of the beneficiary or protect the third person engaging in juristic acts with
furtherance of the interest of the beneficiary or protect the third person engaging in juristic acts with a trustee, the SEC shall have the power to specify in its notification the rules relating to the power
operation of an approved project, mutatis mutandis. Section 22. If the SEC Office has found that any special purpose juristic person fails to process the securitization under the approved project without any