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Tuesday, August 30, 2011

Laws that will affect our investing strategies

The following are the capital market legislation we are waiting to be implemented:

1. Personal Equity Retirement Account (PERA) Act- encourage the accumulation of savings and investments to augment inadequate pension and retirement benefits. Status: Approved but tax regulations that would govern the grant of tax incentives for the investors still under review.

2. Real estate Investment Trust (REIT) Act - promote the development of the capital market by expanding the participation of Filipinos in the ownership of real estate.Status: Approved but tax regulations that would govern the grant of tax incentives for the investors still under review.

3. Collective Investment Schemes Law- authored by Senator Angara which aims to unify laws and regulations governing all types of pooled investments and provide a competitive environment.
Status: pending

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