Registration.
SEC. 8. Registration. — All persons primarily
engaged in gambling, together with their allied business, with contract or
franchise from the Corporation, shall register and affiliate their businesses
with the Corporation. The Corporation shall issue the corresponding certificates
of affiliation upon compliance by the registering entity with the promulgated
rules and regulations thereon.
Regulatory Power.
SEC. 9. Regulatory Power. — The Corporation shall
maintain a Registry of the affiliated entities, and shall exercise all the
powers, authority and the responsibilities vested in the Securities and Exchange
Commission over such affiliated entities mentioned under the preceding section,
including but not limited to amendments of Articles of Incorporation and
By-Laws, changes in corporate term, structure, capitalization and other matters
concerning the operation of the affiliating entities, the provisions of the
Corporation Code of the Philippines to the contrary notwithstanding, except only
with respect to original incorporation.