13-604: The Philippine Accrediting Association of Schools, Colleges and Universities ( PAASCU ) is a private, voluntary, non-profit and non-stock corporation which was registered with the Securities and Exchange Commission of the Philippines. It is a service organization that accredits academic programs which meet commonly accepted standards of quality education. PAASCU is an accrediting body composed of different private educational institutions that stamp other private schools with
26-587: A license or permit issued by the government to operate in the Philippines. In 1981, the SEC was expanded with two additional commissioners and two departments–one for prosecution and enforcement, and another for supervision and monitoring. In 2000, the SEC was reorganized, as Republic Act (RA) No. 8799, or the Securities Regulation Code, gave greater focus on the Commission’s role in developing
39-539: A quality standard attained with regard to their programs. PAASCU was established in November 5, 1957 as a private, voluntary, non-profit and non-stock corporation. The Bureau of Education and Culture (now Department of Education ) formally endorsed PAASCU as an accrediting agency in November 1967. In 1977 the Federation of Accrediting Agencies of the Philippines was established and one of its three founding members
52-718: Is PAASCU. In 1991 the International Network for Quality Assurance Agencies in Higher Education (INQAAHE) was established and one of its founding members is the PAASCU. The INQAAHE is an international association of over 200 organizations that are active in theory and practice of quality assurance higher education. PAASCU is also one of the founding member of the Asia-Pacific Quality Network (APQN). The APQN has been established with
65-417: Is judged on the basis of the "total pattern" presented by it. Securities and Exchange Commission (Philippines) The Securities and Exchange Commission ( Filipino : Komisyon sa mga Panagot at Palitan ; SEC ) is the agency of the government of the Philippines charged with the registration and supervision of corporations and securities , as well as capital market institutions and participants, in
78-559: The Philippines. The commission promotes investor protection in the Philippines as part of its mandate. An agency under the Department of Finance , the SEC is headquartered at 7907 Makati Avenue, Barangay Bel-Air, Makati. It has ten extension offices located in Baguio, Tarlac, Legazpi, Iloilo, Bacolod, Cebu, Tacloban, Cagayan de Oro, Davao, and Zamboanga. The SEC was established on October 26, 1936, by virtue of Commonwealth Act No. 83, or
91-416: The SEC include the registration and supervision of corporations, including financing and lending companies. It is also charged with the registration of securities, analysis of every registered security, and the evaluation of the financial condition and operations of applicants for security issue. The SEC is among the few securities commissions in the world that simultaneously acts as a corporate registrar and
104-622: The Securities Act, in order to safeguard public interest in view of the local stock market boom at the time. It was created just two years after the United States Congress created the United States Securities and Exchange Commission . The Commission's operations formally began on November 11, 1936, with Ricardo Nepumoceno serving as its first commissioner. Its functions then largely revolved around
117-568: The capital market, fostering good corporate governance and enhancing investor protection. Meanwhile, the Commission’s mandate to champion the corporate sector received a great boost from Republic Act No. 11232, or the Revised Corporation Code of the Philippines (RCC). President Rodrigo Roa Duterte signed the revision of the almost four-decade-old Batas Pambansa Blg. 68 on February 21, 2019, as part of his legislative priorities and 10-point economic agenda, specifically on increasing
130-592: The economy's competitiveness, and improving the ease of doing business in the country. The SEC carries out its mandate and functions under the direction of the chairperson, who concurrently serves as the chief executive officer, together with four commissioners. The current chairperson and commissioners are: The SEC operates through four operating departments, four support services departments, three special offices, and nine extension offices, as follows: Operating Departments Support Services Departments Special Offices Extension Offices The major functions of
143-400: The purpose of satisfying the needs of quality assurance agencies in higher education. These are the following programs that are accredited by PAASCU: PAASCU judges an institution not by comparison with other institutions but primarily by the degree to which each institution's own avowed purposes are matched by actual practice in the various areas being evaluated. Thus, a school
SECTION 10
#1732791915650156-565: The registration of securities, analysis of every registered security, evaluation of the financial condition and operations of applicants for security issuances, screening of applications for broker’s or dealer’s license, and supervision of stock and bond brokers, and stock exchanges. The SEC was abolished during the Japanese occupation of the Philippines and was replaced with the Philippine Executive Commission. It
169-557: Was reactivated later in 1947 with the restoration of the Commonwealth Government. Due to the changes in the business environment, then President Ferdinand E. Marcos reorganized the SEC on September 29, 1975. Under Presidential Decree No. 902-A, the Commission shall have absolute jurisdiction, supervision and control over all corporations, partnerships or associations, who are the grantees of primary franchise and/or
#649350