While the Corporate Governance domain strives to realize the shareholder vision with a focus on return on capital, the Market Governance domain mobilizes the SRO function. It engages itself in ensuring that the market structure can realize the expectations of all the stakeholders that participate in the marketplace.
Under the Securities Regulation Code (Republic Act No. 8799), an SRO is registered with the Securities and Exchange Commission to enforce compliance with its provisions, rules, and regulations. It is also mandated to make and enforce its own rules. An SRO should enforce fair, ethical, and efficient practices in the securities industry. With this mandate, PDEx has created a comprehensive governance structure that is designed to insulate the market governance function from its corporate governance structure