Section 1
SECTION 1. Any and all securities approved by the Securities and Exchange Commission (SEC) for listing in any stock exchange are deemed automatically listed for trading in all stock exchanges in the Philippines: Provided, however, That this rule shall not apply to any new stock exchange until it has the necessary facilities and competence to operate as a stock exchange as determined by the SEC; And, Provided, further, That the SEC shall have the power, after proper notice and hearing, to deny or revoke the automatic listing of the security in any stock exchange upon any grounds provided for the revocation or suspension of registration of securities under Section 12 of the Securities Act, and pending such hearing, to suspend the automatic listing of such security.