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  • Article

    Somebody's Watching: Government Agencies Join To Protect Online Consumers

    On March 4, 2022, the Department of Trade and Industry (DTI), through its Consumer Protection Group and e-Commerce Division, issued Joint Administrative Order No. 2022-01...
    PhilippinesConsumer Protection
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Republic Act No. 11765: An Act Affording More Protection To Consumers Of Financial Products And Services

    On May 06, 2022, Republic Act (RA) No. 11765, or the Financial Products and Services Consumer Protection Act, was signed into law.
    PhilippinesConsumer Protection
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    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 (link here) and adopted the SEC Rules and Regulations of the Financial Products...
    PhilippinesConsumer Protection
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Lifts Five-Year Moratorium On Online Lending Platforms And Issues New Regulatory Framework

    Following a series of public consultations, the Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular No. 20, Series of 2026, entitled “Guidelines Prescribing Prudential...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Issues Implementing Regulations Of Financial Consumer Protection Act

    On 28 November 2022, Bangko Sentral ng Pilipinas (the Philippine Central Bank or "BSP") issued Circular No. 1160, series of 2022 (link here) and adopted the Amended Regulations and Guidelines...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Issues Implementing Rules Of Financial Consumer Protection Act

    On 28 November 2022, the Bangko Sentral ng Pilipinas (the Philippine Central Bank or "BSP") issued Circular No. 1160, series of 2022 (link here) and adopted the Amended Regulations...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Issues Rules On Consumer Assistance And Mediation/Adjudication Of Cases

    On March 24, 2023, the Bangko Sentral ng Pilipinas ("BSP") issued Circular No. 1169 providing for the Rules of Procedure for the Consumer Assistance Mechanism, Mediation and Adjudication of Cases in the BSP.
    PhilippinesLitigation, Mediation & Arbitration
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan

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