The Philippines was named in honor of King Philip II of Spain. Spanish explorer Ruy Lpez de Villalobos, during his expedition in 1542, named the islands of Leyte. This tables of contents is a navigational tool, processed from the headings within the legal text of Federal Register documents. This repetition. Risk Drug trafficking at Puerto Cabello, Lake Maracaibo and Orinoco River ports view more. The Handbook Of Credit Risk Management Originating Within Another' title='The Handbook Of Credit Risk Management Originating Within Another' />Version 18 of the Handbook was published on 1 November 2016. For more information, please click History above. This article presents a Monte Carlobased mechanism for systematically curbing the risk borne by lenders when extending loans for the purchase of mortgagebacked. Philippines Wikipedia. Coordinates 1. 3N1. E 1. 3N 1. 22E 1. Republic of the Philippines. Capital. Manilaa. N1. 205. 8E 1. N 1. E 1. Largest city. Quezon City. N1. 210. E 1. N 1. 21. 0. 33E 1. Official languages. Driver Safety Plan Final Report For Science more. Recognized regional languages. National language. Filipino. Optional languagesb. Ethnic groups2. 01. Religion. Demonym. Filipino masculineFilipina femininePinoy colloquial masculinePinay colloquial femininePhilippine EnglishGovernment. Unitarypresidentialconstitutionalrepublic. Rodrigo Duterte. Leni Robredo. Aquilino Pimentel IIIPantaleon Alvarez. Maria Lourdes Sereno. Legislature. Congress. Senate. House of Representatives. Formation of the republic e. June 1. 2, 1. 89. December 1. 0, 1. January 2. 1, 1. 89. March 2. 4, 1. 93. May 1. 4, 1. 93. 5July 4, 1. February 2, 1. 98. Area Total. 30. 0,0. Water 0. 6. 15 inland waters2. Population 2. 01. Density. 32. 9. 6. GDP PPP2. 01. 7 estimate Total8. Per capita8,2. 237 1. GDP nominal2. 01. Total3. 48. 5. 93 billion7 3. Per capita3,2. 807 1. Gini 2. 01. 24. HDI 2. Currency. Peso Filipino piso PHPTime zone. PSTUTC8not observed UTC8Date formatmm dd yyyydd mm yyyy ADDrives on theright1. Calling code6. 3ISO 3. PHInternet TLD. ph While Manila proper is designated as the nations capital, the whole of National Capital Region NCR is designated as seat of government, hence the name of a region. This is because it has many national government institutions aside from Malacanang Palace and some agenciesinstitutions that are located within the capital city. The 1. 98. 7 Philippine constitution specifies Spanish and Arabic shall be promoted on a voluntary and optional basis. Filipino revolutionaries declared independence from Spain on June 1. Spain ceded the islands to the United States for 2. Treaty of Paris on December 1. PhilippineAmerican War. The United States of America recognized the independence of the Philippines on July 4, 1. Treaty of Manila. This date was chosen because it corresponds to the U. S. Independence Day, which was observed in the Philippines as Independence Day until May 1. President. Diosdado Macapagal issued Presidential Proclamation No. June 1. 2, the date of Emilio Aguinaldos proclamation. In accordance with article 1. Revolutionary Government Decree of June 2. Malolos Congress selected a commission to draw up a draft constitution on September 1. The commission was composed of Hiplito Magsalin, Basilio Teodoro, Jos Albert, Joaqun Gonzlez, Gregorio Araneta, Pablo Ocampo, Aguedo Velarde, Higinio Benitez, Toms del Rosario, Jos Alejandrino, Alberto Barretto, Jos Ma. Via, Jos Luna, Antonio Luna, Mariano Abella, Juan Manday, Felipe Caldern, Arsenio Cruz and Felipe Buencamino. They were all wealthy and well educated. The Philippines   listen Filipino Pilipinasplpins or Filipinasflpins, officially the Republic of the Philippines Filipino Republika ng Pilipinas, is a unitarysovereign state and island country in Southeast Asia. Situated in the western Pacific Ocean, it consists of about 7,6. Luzon, Visayas, and Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City, both part of Metro Manila. Bounded by the South China Sea on the west, the Philippine Sea on the east and the Celebes Sea on the southwest, the Philippines shares maritime borders with Taiwan to the north, Vietnam to the west, Palau to the east and Malaysia and Indonesia to the south. The Philippines location on the Pacific Ring of Fire and close to the equator makes the Philippines prone to earthquakes and typhoons, but also endows it with abundant natural resources and some of the worlds greatest biodiversity. The Philippines has an area of 3. It is the eighth most populated country in Asia and the 1. As of 2. 01. 3update, approximately 1. Filipinos lived overseas,2. Multiple ethnicities and cultures are found throughout the islands. In prehistoric times, Negritos were some of the archipelagos earliest inhabitants. They were followed by successive waves of Austronesian peoples. Exchanges with Chinese, Malay, Indian, and Islamic nations occurred. Then, various competing maritime states were established under the rule of Datus, Rajahs, Sultans or Lakans. The arrival of Ferdinand Magellan in Homonhon, Eastern Samar in 1. Hispanic colonization. In 1. 54. 3, Spanish explorer Ruy Lpez de Villalobos named the archipelago Las Islas Filipinas in honor of Philip II of Spain. With the arrival of Miguel Lpez de Legazpi from Mexico City, in 1. Hispanic settlement in the archipelago was established. The Philippines became part of the Spanish Empire for more than 3. This resulted in Catholicism becoming the dominant religion. During this time, Manila became the western hub of the trans Pacific trade connecting Asia with Acapulco in the Americas using Manila galleons. As the 1. 9th century gave way to the 2. Philippine Revolution, which spawned the short lived First Philippine Republic, followed by the bloody PhilippineAmerican War of conquest by US military force. Aside from the period of Japanese occupation, the United States retained sovereignty over the islands until after World War II, when the Philippines was recognized as an independent nation. Since then, the Philippines has often had a tumultuous experience with democracy, which included the overthrow of a dictatorship by a non violent revolution. It is a founding member of the United Nations, World Trade Organization, Association of Southeast Asian Nations, the Asia Pacific Economic Cooperation forum, and the East Asia Summit. It also hosts the headquarters of the Asian Development Bank. The Philippines is considered to be an emerging market and a newly industrialized country,2. It is one of the only two predominantly Christian nations in Southeast Asia, the other being East Timor. Etymology. The Philippines was named in honor of King Philip II of Spain. Spanish explorer Ruy Lpez de Villalobos, during his expedition in 1. Leyte and Samar. Felipinas after the then Prince of Asturias. Eventually the name Las Islas Filipinas would be used to cover all the islands of the archipelago. Before that became commonplace, other names such as Islas del Poniente Islands of the West and Magellans name for the islands San Lzaro were also used by the Spanish to refer to the islands. The official name of the Philippines has changed several times in the course of its history. During the Philippine Revolution, the Malolos Congress proclaimed the establishment of the Repblica Filipina or the Philippine Republic. From the period of the SpanishAmerican War 1. PhilippineAmerican War 1. Commonwealth period 1. American colonial authorities referred to the country as the Philippine Islands, a translation of the Spanish name. From the 1. 89. 8 Treaty of Paris, the name Philippines began to appear and it has since become the countrys common name. Since the end of World War II, the official name of the country has been the Republic of the Philippines. History. Prehistory. The Tabon Caves are the site of one of the oldest human remains known in the Philippines, the Tabon Man. The metatarsal of the Callao Man, reliably dated by uranium series dating to 6. This distinction previously belonged to the Tabon Man of Palawan, carbon dated to around 2. Negritos were also among the archipelagos earliest inhabitants, but their first settlement in the Philippines has not been reliably dated. There are several opposing theories regarding the origins of ancient Filipinos. F. Landa Jocano theorizes that the ancestors of the Filipinos evolved locally. Wilhelm Solheims Island Origin Theory4. Sundaland area around 4. BC rather than by wide scale migration. The Austronesian Expansion Theory explains that Malayo Polynesians coming from Taiwan began migrating to the Philippines around 4. BC, displacing earlier arrivals. SRA Accounts Rules 2. SRA Accounts Rules 2. Preamble. Authority made by the Solicitors Regulation Authority Board under sections 3. A, 3. 4, 3. 7, 7. Solicitors Act 1. Administration of Justice Act 1. Schedule 1. 1 to, the Legal Services Act 2. Legal Services Board date 6 October 2. Solicitors Accounts Rules 1. European lawyers and their employees, registered foreign lawyers, recognised bodies and their managers and employees, and licensed bodies and their managers and employees, in respect of practice in England and Wales. For the definition of words in italics see rule 2 Interpretation. Introduction. The Principles set out in the Handbook apply to all aspects of practice, including the handling of client money. Those which are particularly relevant to these rules are that you must protect client money and assets act with integrity behave in a way that maintains the trust the public places in you and in the provision of legal services comply with your legal and regulatory obligations and deal with your regulators and ombudsmen in an open, timely and co operative manner and run your business or carry out your role in the business effectively and in accordance with proper governance and sound financial and risk management principles. The desired outcomes which apply to these rules are that client money is safe clients and the public have confidence that client money held by firms will be safe firms are managed in such a way, and with appropriate systems and procedures in place, so as to safeguard client money client accounts are used for appropriate purposes only and the SRA is aware of issues in a firm relevant to the protection of client money. Underlying principles which are specific to the accounts rules are set out in rule 1 below. These rules apply to all those who carry on or work in a firm and to the firm itself see rules 4 and 5. In relation to a multi disciplinary practice, the rules apply only in respect of those activities for which the practice is regulated by the SRA, and are concerned only with money handled by the practice which relates to those regulated activities. Part 1 General. Rule 1 The overarching objective and underlying principles. The purpose of these rules is to keep client money safe. This aim must always be borne in mind in the application of these rules. You must comply with the Principles set out in the Handbook, and the outcomes in Chapter 7 of the SRA Code of Conduct in relation to the effective financial management of the firm, and in particular must akeep other peoples money separate from money belonging to you or your firm bkeep other peoples money safely in a bank or building society account identifiable as a client account except when the rules specifically provide otherwise cuse each clients money for that clients matters only duse money held as trustee of a trust for the purposes of that trust only eestablish and maintain proper accounting systems, and proper internal controls over those systems, to ensure compliance with the rules fkeep proper accounting records to show accurately the position with regard to the money held for each client and trust gaccount for interest on other peoples money in accordance with the rules hco operate with the SRA in checking compliance with the rules and ideliver annual accountants reports as required by the rules. Rule 2 Interpretation. The guidance notes do not form part of the rules. The SRA Handbook Glossary 2. Glossary. 2. 3. References to the Legal Aid Agency are to be read, where appropriate, as including the Legal Services Commission. Rule 3 Geographical scope. Parts 1 to 6 of these rules apply to practice carried on from an office in England and Wales. Part 7 of these rules applies to the practice of an REL from an office in England and Wales of an Exempt European Practice. Rule 4 Persons governed by the rules. Save as provided in rule 4. Parts 1 to 6 of these rules apply to you. In relation to an MDP, the rules apply to you only in respect of your regulated activities. Part 6 of the rules accountants reports also applies to reporting accountants. If you have held or received client money, but no longer do so, whether or not you continue in practice, you continue to be bound by some of the rules. Rule 5 Persons exempt from the rules. The rules do not apply to you when apractising as an employee of ia local authority iistatutory undertakers iiia body whose accounts are audited by the Comptroller and Auditor General ivthe Duchy of Lancaster vthe Duchy of Cornwall orvithe Church Commissioners orbpractising as the Solicitor of the City of London orccarrying out the functions of ia coroner or other judicial office oriia sheriff or under sheriff ordpractising as a manager or employee of an authorised non SRA firm, and acting within the scope of that firms authorisation to practise. Rule 6 Principals responsibility for compliance. All the principals in a firm must ensure compliance with the rules by the principals themselves and by everyone employed in the firm. This duty also extends to the directors of a recognised body or licensed body which is a company, or to the members of a recognised body or licensed body which is an LLP. It also extends to the COFA of a firm whether a manager or non manager. Rule 7 Duty to remedy breaches. Any breach of the rules must be remedied promptly upon discovery. This includes the replacement of any money improperly withheld or withdrawn from a client account. In a private practice, the duty to remedy breaches rests not only on the person causing the breach, but also on all the principals in the firm. This duty extends to replacing missing client money from the principals own resources, even if the money has been misappropriated by an employee or another principal, and whether or not a claim is subsequently made on the firms insurance or the Compensation Fund. Rule 8 Liquidators, trustees in bankruptcy, Court of Protection deputies and trustees of occupational pension schemes. If in the course of practice you act as aa liquidator,ba trustee in bankruptcy,ca Court of Protection deputy, or da trustee of an occupational pension scheme which is subject to section 4. Pensions Act 1. 99. Principles referred to, and the underlying principles set out, in rule 1 andiiithe requirements of rule 8. Accounts Rules. 8. In respect of any records kept under the appropriate statutory rules, there must also be compliance with arule 2. A. 1 reporting accountant to check compliance. If a liquidator or trustee in bankruptcy uses any of the firms client accounts for holding money pending transfer to the Insolvency Services Account or to a local bank account authorised by the Secretary of State, he or she must comply with the Accounts Rules in all respects whilst the money is held in the client account. If the appropriate statutory rules or regulations do not govern the holding or receipt of client money in a particular situation for example, money below a certain limit, you must comply with the Accounts Rules in all respects in relation to that money. Rule 9 Joint accounts. If, when acting in a clients matter, you hold or receive money jointly with the client, another practice or another third party, the rules in general do not apply, but the following must be complied with arule 2. A. 1 reporting accountant to check compliance. A joint account is not a client account but money held in a joint account is client money. Operation of the joint account by you only. If the joint account is operated only by you, you must ensure that you receive the statements from the bank, building society or other financial institution in accordance with rule 2. Shared operation of the joint account.