Practice question
For the foreign-government class in Section9.1(b), diplomatic relations are accompanied by what express condition?
- Reciprocity, with SEC authority to prescribe form and content disclosures
- An automatic ban on every disclosure requirement
- A requirement that the instrument be physically printed in Manila
- A rule that every country qualifies regardless of relations
- A requirement that every purchaser be a government employee
Legal references
- RA8799 Securities Regulation Code: https://lawphil.net/statutes/repacts/ra2000/ra_8799_2000.html Section9.1(b).
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