SEC En Banc Case No. (Undocketed) For: Review of CMIC Decision KING'S POWER SECURITIES, INC.

SECURITIES AND EXCHANGE COMMISSION SEC Bidg. EDSA, Greenhills, Mandaluyong City Republic of the Philippines

In the Matter of:

SEC En Banc Case No. (Undocketed) For: Review of CMIC Decision

KING'S POWER SECURITIES, INC.

Y

RESOLUTION

Carlos J. Ching, President of King's Power Securities, Inc. (KPSI), dated March 18, 2013, which is herein treated as an Appeal. For consideration is the Letter addressed to the Commission En Banc, from Mr.

No. 10, Series of 2010 (SEC MC No. 10). The Commission En Banc further warned in its Order that KPSI's failure to comply with the above requirements within the given period shall be deemed as a waiver to pursue its appeal. days from receipt of said Order, pursuant to Sections 1 and 2 of sEC Memorandum Circular verified Memorandum on Appeal and to pay the corresponding docket fee within five (5) The Commission En Banc, in its Order dated March 19, 2013, directed KPSI to file a

has not filed the verified Memorandum on Appeal and has not paid the appeal fees. the March 19, 2013 Order on March 25, 2013. Records further reveal that to date, KPSI Records disclose that KPSI and the Capital Markets Integrity Corporation received

Procedure of SEC (2006 Rules) shall have a suppletory effect thereon. Accordingly, the Commission En Banc is constrained to dismiss the instant appeal pursuant to Section 11-6 of the 2006 Rules, to wit: Section 6 of SEC MC No. 10' clearly provides that Rule XI of the 2006 Rules of

dismissed by the Commission En Banc for failure to comply with these Rules, or failure to perfect the appeal within the prescribed period." "SEC 11-6. Dismissal of Appeal for Non-Compliance. -- The appeal may be

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In the Matter of King's Power Securities, Inc SEC En Banc Case No.: (Undocketed) Page 2 of 2

WHEREFORE, premises considered, the instant appeal is hereby DISMISSED

SO ORDERED.

Mandaluyong City, Philippines; May 30, 2013.

A TERESITA J. HERBOSA

Chairperson

OA MMt9L2y.C Ma. JUAnitae. CuEtO Commissioner MANUEL HU Commissioner UBERTO B.GAITE

MM Ortaau doxno.h ELADIO/M\ JALA Commissioner ANTONIETA F. IBE Commissioner

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