ON Jan. 20, 2023, the Securities and Exchange Commission (SEC) issued proposed implementing rules and regulations (IRR) of Republic Act 11765, or the "Financial Products and Services Consumer Protection Act of 2022" (FCPA). The IRR was released to implement Section 18 of the law, which mandates the SEC to formulate the necessary rules and regulations to implement the provisions of the FCPA within a year from its effectivity in 2022.

The proposed IRR seeks to apply to all financial products and services, and financial service providers under the jurisdiction of the commission.

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