EXECUTIVE ORDER NO. 285, November 24, 1995
AMENDING EXECUTIVE ORDER NO. 202 (22 SEPTEMBER 1994)
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order:
SECTION 1. Section 1 of Executive Order No. 202 (22 September 1994) is hereby amended to read as follows:
“SECTION 1. The Securities and Exchange Commission (SEC) is hereby transferred from the Office of the President to the Department of Finance (DOF) which shall henceforth exercise administrative supervision over the SEC.”
SECTION 2. Section 2 of Executive Order No. 202 (22 September 1994) is hereby amended to read as follows:
“SECTION 2. The relationship between the DOF and the SEC shall be governed by Subsection 1 of Section 38, Chapter 7, Book IV of the Administrative Code.”
SECTION 3. This Executive Order shall take effect immediately.
Adopted: 24 Nov. 1995
By the President:
Executive Secretary