 Under this engagement, PDEx through its SRO, monitors compliance with timeliness and accuracy standards for price and transaction reporting, further strengthening the interest rate benchmark setting process.Live operations on setting the new PDS Treasury Reference rates commenced on March 19, 2006.In July 2006, the Philippine Dealing & Exchange Corp. (PDEx) was granted registration as a Self-Regulatory Organization (SRO) by the Securities & Exchange Commission (SEC) for the Inter-Dealer Market.