NEW RULES ON THE REGISTRATION AND SALE OF PRE-NEED PLANS
UNDER SECTION 16 OF THE SECURITIES REGULATION CODE

Rule 20. Responsibilities of the Trustee. 

20.1.  The Trustee shall exercise due diligence for the protection of the Planholders guided by sound investment principles.  It shall have the exclusive management and control over the funds and the right at any time to sell, convert, invest, change, transfer or otherwise change or dispose of the assets comprising the funds. 

20.2.  The Trustee shall not use the Trust Fund to invest in or extend any loan or credit accommodation to the Pre-Need Company, its directors, officers, stockholders, and related interests as well as to persons or enterprises controlling, owned or controlled by, or under common control with said company, its directors, officers, stockholders and related interests.

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