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

Policy overview

Description

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…

Scope

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

Complete timeline of this policy change

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2023-01-25
in consultation

On 25 January 2023, the Securities and Exchange Commission (SEC) opened a public consultation on th…

2023-02-07
processing consultation

On 7 February 2023, the Securities and Exchange Commission (SEC) closed its public consultation on …

2023-04-25
adopted

On 25 April 2023, the Securities and Exchange Commission (SEC) published the implementing Rules and…

2023-05-12
in force

On 12 May 2023, the Securities and Exchange Commission (SEC) published the implementing Rules and R…