EXECUTIVE ORDER NO. 37

: The main subject is the returning of the administrative supervision over the Securities and Exchange Commission (SEC) from the Department of Trade and Industry (DTI) to the Department of Finance (DOF).
: The SEC was placed under the administrative supervision of the Office of the President (OP).
: Executive Order No. 192 (s. 2000) transferred the administrative supervision over SEC from the OP to the Department of Finance (DOF).
: EO No. 800 (s. 2009) transferred the administrative supervision of the SEC to the Department of Trade and Industry (DTI).
: The reason is to ensure effective financial sector coordination amid the global economic crisis, enabling a strong and stable financial system that contributes to economic growth and development.
: EO No. 292 (s. 1987), otherwise known as the Administrative Code of 1987, provides this authority.
: Section 1 of EO No. 37 (2011) states that the SEC is placed under the administrative supervision of the DOF.
: Section 2 provides a repealing clause which repeals all laws, executive orders, decrees, rules, and regulations or parts thereof inconsistent with EO No. 37.
: It took effect immediately upon publication in a newspaper of general circulation.
: It was signed by President Benigno S. Aquino III, and attested by Executive Secretary Paquito N. Ochoa, Jr.