Preamble
WHEREAS, one of the objectives of the government as envisioned under Presidential Decree No. 902-A, as amended by P. D. 1653, is to attract and to mobilize investments, domestic and foreign, through the participation of private enterprises in activities identified as most contributive to the growth of the national economy; WHEREAS, in order to attain this national objectively it is incumbent upon government to provide a favor-role climate for investments to be vigorously mobilized to insure a wider and more meaningful equitable distribution of wealth; WHEREAS, being the principal agency of the government charged with the establishment of the needed atmosphere in all phases of the country's economic and industrial development, the Securities and .Exchange Commission must be provided with the appropriate organizational structure, financial support and manpower capabilities commensurate with the scope of its tasks; and WHEREAS, for these programs to succeed, there is now a pressing need to restructure the Securities and Exchange Commission not only to make it a more potent, responsive and effective arm of the government but to enable it to play a more effective role in the socio-economic development of the country; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, and the authority vested in me by Presidential Decree No. 1416, do hereby order and decree;