"Sec.
7. Powers. — In addition
to the powers granted to corporations in general, an Investment House
is
authorized to do the following:chanroblesvirtuallawlibrarychanrobles virtual law library
"(1) Arrange
to distribute on a guaranteed basis securities of other corporations
and
of the Government or its instrumentalities;chanrobles virtual law library
"(2) Participate
in a syndicate undertaking to purchase and sell, distribute or arrange
to distribute on a guaranteed basis securities of other corporations
and
of the Government or its instrumentalities; chanrobles virtual law library
"(3) Arrange
to distribute or participate in a syndicate undertaking to purchase and
sell on a best-efforts basis securities of other corporations and of
the
Government or its instrumentalities;chanrobles virtual law library
"(4) Participate
as soliciting dealer or selling group member in tender offers, block
sales,
or exchange offering of securities; deal in options, rights or warrants
relating to securities and such other powers which a dealer may
exercise
under the Securities Act (Commonwealth Act No. 83, as amended);chanrobles virtual law library
"(5) Promote,
sponsor, or otherwise assist and implement ventures, projects and
programs
that contribute to the economy's development;chanrobles virtual law library
"(6) Act
as financial consultant, investment adviser, or broker;chanrobles virtual law library
"(7) Act
as portfolio manager, and/or financial agent;chanrobles virtual law library
"(8) Encourage
companies to go public, and initiate and/or promote, whenever
warranted,
the formation, merger, consolidation, reorganization, expansion or
recapitalization
of productive enterprises, by providing assistance or participate in
the
form of debt or equity financing or through the extension of financial
or technical advice or service;
"(9) Undertake
or contract for researches, studies and surveys on such matters as
business
and economic conditions of various countries, the structure of
financial
markets, the institutional arrangements for mobilizing investments;
"(10) Acquire,
own, hold, lease or obtain an interest in real and/or personal property
as may be necessary or appropriate to carry on its objectives and
purposes;chanrobles virtual law library
"(11) Design
pension, profit-sharing and other employee benefits plans;chanrobles virtual law library
"(12) Such
other activities or business ventures as are directly or indirectly
related
to the dealing in securities and other commercial papers, unless
otherwise
governed or prohibited by special laws, in which case the special law
shall
apply;
"(13) Subject
to prior approval by the Monetary Board, the provisions of Chapter IV
of
the Central Bank Charter, and such rules and regulations as may be
issued
by the Monetary Board, engage in foreign exchange operations which the
Monetary Board identified as directly related under Subsection 8 of
this
section; and
"(14) Act
as trustee of a trust fund or trust property, subject to the provisions
of Chapter VII of the General Banking Act.
"Nothing
in this section shall preclude other enterprises not covered by this
Decree
from engaging in the activities listed under subsection (3) to (11) of
this section, except as may otherwise be governed by special laws."
