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Conscious of the role of the Philippine Dealing & Exchange Corp. (PDEx) as a Self-Regulatory Organization (SRO) for the fixed income market, the PDS Group has segregated oversight of the regulatory function from its corporate board and committee structures.
This type of governance structure was designed to insulate the market governance function from its corporate governance structure, which sees to its business needs as a corporate enterprise to achieve the independence of the market regulation.
Implementing the mandate stated under the Securities Regulation Code (SRC), the PDEx SRO, as an independent and separate body, continues to enhance and expand the PDEx Rules through the Market Governance Board (MGB), and to enforce compliance with provisions of the SRC and its rules and regulations and the PDEx Rules through the Market Compliance and Enforcement Committee (MCEC), ably supported by the Market Regulatory Services Group (MRSG).