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Homework sa ENTREP: Explain yung jobs ng bawat regulatory agencies, kung para saan silang business kailangan at kung

anong purpose ang na-seserve nila. 1. BSP 2. SEC 3. DTI 4. DOLE 5. DOF 6. DEPED 7. CRAME 8. BFAD 9. DOTC Roles and responsibilities bsp As prescribed by the New Central Bank Act, the main functions of the Bangko Sentral are: 1. Liquidity Management, by formulating and implementing monetary policy aimed at influencing money supply, consistent with its primary objective to maintain price stability, 2. Currency issue; the BSP has the exclusive power to issue the national currency. All notes and coins issued by the BSP are fully guaranteed by the Government and are considered legal tender for all private and public debts, 3. Lender of last resort, by extending discounts, loans and advances to banking institutions for liquidity purposes, 4. Financial Supervision, by supervising banks and exercising regulatory powers over non-bank institutions performing quasi-banking functions, 5. Management of foreign currency reserves, by maintaining sufficient international reserves to meet any foreseeable net demands for foreign currencies in order to preserve the international stability and convertibility of the Philippine peso, 6. Determination of exchange rate policy, by determining the exchange rate policy of the Philippines. Currently, the BSP adheres to a market-oriented foreign exchange rate policy, and 7. Being the banker, financial advisor and official depository of the Government, its political subdivisions and instrumentalities and GOCCs.

1929, the revelation of fraudulent and unfair practices in the sale of stocks and bonds, and the widespread belief that such practices had contributed to the severity of the Great Depression of the 1930s. The Securities Act of 1933 is intended to compel full disclosure to investors of material facts about securities offered and sold in interstate commerce or through the mails. It requires that before an issue of securities may be offered for public sale the issuer must file with the SEC a registration statement giving complete information on such securities and on the issuing company. Dealers in securities must provide their customers with a condensation of the data in the statement. The SEC examines the statement and may refuse registration if it appears to be misleading, inaccurate, or incomplete. If registration is denied, the securities may not be offered for sale. However, an approval of the statement is not a finding by the SEC that the securities have investment value, or even a guarantee that the disclosures are accurate. The Securities Exchange Act of 1934 is designed to increase the information available to investors and to prevent unfair practices in U.S. stock exchanges. It requires that certain current information be made public on the financial and managerial condition of corporations whose securities are traded in the exchanges. A registration statement containing such data for each listed security must be submitted to the SEC. The act also places the stock exchanges and over-the-counter markets under the SEC's supervision. Stock exchanges, brokers, and dealers must file information about themselves with the commission. Manipulative practices and false and misleading statements are prohibited. Other practices, such as short sales and market pegging, are regulated. Officers, directors, and principal stockholders of corporations whose securities are registered must report all their transactions in equity securities of their companies. The Board of Governors of the Federal Reserve System is responsible for regulating by means of margin requirements the use of bank credit to finance trading in securities. The Public Utility Holding Company Act regulates the financial practices of holding-company systems controlling electric and gas utilities. It provides for registration of holding companies, elimination of uneconomic holding-company structures, and supervision of their transactions in securities and of certain of their financial practices. The SEC must pass upon all plans for reorganization of such companies or their subsidiaries and must require the corporate simplification and geographic integration of holding-company systems. However, it does not regulate public-utility rates. This act was upheld by the Supreme Court in 1946. The Trust Indenture Act requires that securities of trustees meet satisfactory standards, and it also sets up qualifications for trustees. The Investment Company and Investment Advisers acts provide for registration and regulation of investment trusts, investment companies, and investment advisers. The various laws administered by the SEC are intended to give investors a greater degree of safety in entrusting their money to enterprises than was previously afforded them. With these laws

Responsibilities The SEC administers a number of the most important reform measures of the New Deal: the Securities Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940. In addition it may act as a participant in corporate reorganizations in the federal courts under the National Bankruptcy Act. The first three of these statutes were passed in response to the pressure for greater protection of investors that developed as a result of the drastic decline in values of securities after Oct.,

the emphasis in determining responsibility for the quality and condition of goods sold has shifted from the buyer to the seller. However, the statutes do not guarantee investors against loss. It is perhaps no more difficult for them to lose their money than before. The regulatory measures were at first bitterly opposed by the financial community, on the ground that they imposed such severe limitations and liabilities on security issuers and dealers as to impede the financing of industry. Persons aggrieved by the decisions of the SEC have a right of review by a U.S. circuit court of appeals. The original penalties of the Securities Act of 1933 were softened in 1934. Governmental supervision has won generally increasing acceptance by the interests concerned. Who We Are The Department of Trade and Industry (DTI) is the primary government agency with the two-pronged mission of: Enabling business Empowering consumers

Functions and Responsibilities / Key Projects and Activities DOLE [edit] Vision, Mandate and Strategies Consistent with the national development plan, its vision is the attainment of full, decent and productive employment for every Filipino worker. It is mandated to promote gainful employment opportunities, develop human resources, protect workers and promote their welfare and maintain industrial peace. To contribute to the attainment of the national employment goals, it adopts the following strategies: [edit] Support for Employment Generation While DOLE recognizes that the private sector is the primary engine of economic growth and that other government agencies that promote development through investments and infrastructure are the more significant employment generators, DOLE still contributes in this area by providing bridging or transition opportunities, especially to the vulnerable sectors, to help them graduate into more productive, remunerative, secured or more formal employment or livelihood. Major Programs:

What Our Main Role Is The Department is committed to improve the Filipinos' quality of life and reduce poverty through: Inclusive economic growth Employment generation

1. Research and Policy Advocacy for Employment Generation 2. Capacity Building for Specific Sectors 3. Promotion of Rural and Emergency Employment

Principal duties and responsibilities of the Finance Department What Our Focus Is DTI is focused on undertaking programs, activities, and projects (PAPs) that: Expand exports Increase investments Support and strengthen MSMEs Ensure value for money of consumers, and Pursue good governance The Finance Department supports the PCT on a day to day basis to assist in the delivery of the business plan, national and local priorities and corporate objectives. Specifically, the principal duties and responsibilities of the Finance Department are as follows: To support to the PCT in securing financial balance which will include the determination and establishment of cash releasing efficiency savings required to ensure financial balance and to advise the PCT on strategic and operational matters relating to finance. To oversee receipt of allocations and to maintain records for resource planning assumptions and commitments to underpin the strategic financial plan for the PCT. To lead the annual budget setting process and ensure that financial and budgetary information is available to all levels of the organisation in a timely and accurate manner. To contribute to the operational and business planning activities of the PCT. Provide advice and training on corporate governance issues. To provide expert support and advice to all those with budgetary

Vision We see the Philippines occupying its rightful place in a community of nations, prosperous and free. Together with business, we are an active and leading partner in propelling the Philippines toward an inclusive, dynamic, and thriving economy. Our success is anchored on global competitiveness, with social responsibility and consumer welfare as our platform. In all of these, we adhere strictly to the tenets of professionalism, integrity and transparency. We continue to be the public's Agency of Choice, an organization where creativity, innovation, professional, and personal growth find full expression. We are ONE DTI.

responsibility and ensure that all budget managers receive appropriate training and development to facilitate the best possible standards of service within available resources. To ensure that there is a rolling programme of capital investment within the PCT that meets and recognises the requirements of the organisation. To ensure that appropriate controls and systems are in place for the management, monitoring and effective reporting of all aspects balance sheet, cash and budgetary amounts, and to advise and bring to the attention of the Board any areas of concern. To develop and review financial systems, procedures and controls to ensure that the budgetary, accounting, income and expenditure systems operate efficiently to the highest professional standards. To ensure that the Standing Orders and Standing Financial Instructions are correct in order to maintain the Trust's financial controls, and to ensure compliance across the PCT as well as conducting induction sessions and relevant financial training within the organisation. To co-ordinate the monitoring of financial performance against plan and to advise the Board of major variances and year end projections. To prepare monthly reports to the PCT Boards on all aspects of financial performance, linking this with other key performance indicators. To play a key role in the interpretation of national policies and practices in assessing the financial risks and impact of the implementation of these policies. To provide overall assurance to the Board that the PCT will meet their key statutory financial targets, remaining within the allocated cash limit and capital resource limit and other nonstatutory targets such as the Better Payment Practice Code or advise of remedial action as soon as may be required. To ensure that the annual statutory accounts are prepared and completed in line with the national timetable and to the highest standard. To interpret and apply the concepts and principles contained within the DOH's Manual for Accounts, and national accounting standards and policies in the production of the year-end financial statements, and provide expert knowledge and financial advice in the interpretation of these concepts and principles. To ensure that all payments to suppliers, NHS Providers, General Practitioners, Dentists are made on time, appropriately authorised and in accordance with national guidance and procedures. To oversee the work of the PCTs' internal auditors. The Finance Department aims to deliver these duties as efficiently as possible to the highest professional standards.

The Finance Department consistently evaluates its performance against both internal and external standards e.g. Auditors Local Evaluation (ALE) and has itself agreed a small number of standards that it can measures itself against throughout the year. Functions and Responsibilities [edit] Organization Office of the Secretary Administrative Services - Responsible for providing the Department with economical, efficient, and effective services relating to legal assistance, information records, supplies, equipment, security and custodial work. Office of the Director Legal Division General Services Division Dental Clinic Medical Clinic Radio Communication Network Unit Security Service Unit Records Division Property Division

Teachers Camp Financial and Management Service Budget Division Accounting Division Management Division Payroll Services Division Systems Division

Cash Division. Human Resource Development Service - Develops and administers personnel programs which include selection and placement, classification and pay, career and employment development performance appraisal, employee relations and welfare services. Personnel Division Projects Monitoring and evaluation of Personnel Records and Current Personnel Actions in the different Regional and Division Offices. Establishment of the DECS Personnel Information System (PIS) National Search Committee

Revision of the DECS Performance Appraisal System (PAS)

DECS Teachers and Employees Cooperatives Pre-Retirement Innovations and Options for

DECS-PLM Off-Campus Masteral and Doctoral Programs

Review of Position Description to update position titles in DECS

Personnel Audit of Schools and Personnel of the Central Office

Employees Welfare and Benefits Division DECS Provident Fund DECS Expanded Shelter Program DECS Cooperative Program DECS Employees Suggestion and Incentive Awards System (ESIAS) Pre-Retirement Innovation and Option for Results (PRIOR) DECS-PVB Financial Assistance DECS Hospitalization Fund Program

Results Planning Service - Responsible for providing the department with effective and efficient services like generating and processing of education- related data, developing educational programs/projects, program monitoring, assessment and evaluation, planning and programming of educational facilities and providing technical assistance to requesting offices from the national to the sub-national levels related to the planning and related activities. Planning and Programming Division Project Development and Evaluation Division Research and Statistics Division

Physical Facilities Division Technical Service Materials Production and Publication Division Educational Information Division Audio-Visual Division Educational Technology Unit

Staff Development Division Special Programs Values Orientation Workshop Human Rights Education Peace Educations Gender and Development Graft and Corruption Prevention Education

DONA

Programs Local and Foreign Scholarships Skills Enhancement Programs of DECS NonTeaching Personnel Computer Literacy Programs Career Planning and Development Automatic Progression Scheme Alternative Training Delivery Systems The Distance Training Program (DTP) Expanded Shelter Program DECS Provident Fund DECS Hospitalization Guarantee Fund Program DECS Grievance machinery DECS Employees Suggestions and Incentives Awards System