On 25 April 2023, the Securities and Exchange Commission (“SEC“) issued Memorandum Circular No. 5, Series of 2023 and adopted the SEC Rules and Regulations of the Financial Products and Services Consumer Protection Act of 2022 (“SEC FCPA IRR“) to implement Republic Act No. 11765, the Financial Products and Services Consumer Protection Act (“FCPA“).
Follow this link to continue reading SyCipLaw’s Banking, Finance & Securities Department’s Banking Bulletin for June 2023, featuring an in-depth discussion of the implementing rules and regulations for financial consumer protection law.
You may also download the latest issue here or via this link.