Digital Policy Alert logo

Philippines: Implementing Rules of Financial Products and Services Consumer Protection Act (FCPA)

Progress

Current status
in force
12 May 2023 in force
25 Apr 2023 adopted
07 Feb 2023 processing consultation
25 Jan 2023 in consultation

Scope

Implementers
Philippines
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

12 May 2023
in force

Implemented SEC Implementing Rules and Regulations of the Financial Products and Services Consumer Protection Act (FCPA)

On 12 May 2023, the Securities and Exchange Commission (SEC) published the implementing Rules and Regulations of the Financial Products and Services Consumer Protection Act (FCPA). The implementing Rules guarantee the rights to fair treatment, clear…

Source
Event type order
Action type implementation
Government branch executive
Government body other regulatory body
25 Apr 2023
adopted

Adopted SEC Implementing Rules and Regulations of the Financial Products and Services Consumer Protection Act (FCPA)

On 25 April 2023, the Securities and Exchange Commission (SEC) published the implementing Rules and Regulations of the Financial Products and Services Consumer Protection Act (FCPA). The implementing Rules guarantee the rights to fair treatment, cle…

Source
Event type order
Action type adoption
Government branch executive
Government body other regulatory body
07 Feb 2023
processing consultation

Closed consultation on Draft Implementing Rules of the Financial Products and Services Consumer Protection Act (FCPA)

On 7 February 2023, the Securities and Exchange Commission (SEC) closed its public consultation on the draft Implementing Rules and Regulations (IRR) for the Financial Products and Services Consumer Protection Act (FCPA). According to the Implementi…

Source
Event type order
Action type consultation closed
Government branch executive
Government body other regulatory body
25 Jan 2023
in consultation

Opened consultation on Draft Implementing Rules of the Financial Products and Services Consumer Protection Act (FCPA)

On 25 January 2023, the Securities and Exchange Commission (SEC) opened a public consultation on the draft Implementing Rules and Regulations (IRR) for the Financial Products and Services Consumer Protection Act (FCPA). The consultation remains open…

Source
Event type order
Action type consultation opened
Government branch executive
Government body other regulatory body