Practice question
A party invokes Section57 for a newly initiated post-Code matter, although that sentence addresses matters already pending with the SEC and no other law grants SEC authority over the new filing. What is wrong?
- Pending necessarily includes all future cases
- A pending-case preservation provision does not itself confer authority over every future filing
- Any old filing preserves jurisdiction over unrelated new cases
- The SEC always retains every regulatory function
- A transition clause has no temporal limits
Legal references
- SEC and Insurance Commission v. College Assurance Plan, GR213130 and218193, September9,2020, adherence and RA9829 Section57: https://lawphil.net/judjuris/juri2020/sep2020/gr_213130_2020.html
- RA9829 Section57 transition: https://lawphil.net/statutes/repacts/ra2009/ra_9829_2009.html
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