SyCipLaw's Banking Bulletin - June 2023
June, 2023 - Philbert Varona, SyCip Salazar Hernandez & Gatmaitan
SEC Issues Regulations to Implement Financial Consumer Protection Act
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").Read more>>