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DTI Issues Guidance on Eight (8) Basic Consumer Rights
The Department of Trade and Industry issued Policy Advisory 22-01 to elucidate the legal bases of the eight (8) basic consumer rights under relevant laws, to ensure that consumers are guided properly on which laws to invoke in reference to their rights.
The eight (8) basic consumer rights and their legal
PH Government Agencies Reiterate Laws and Regulations Applicable to Online Businesses and Consumers
With the accelerated growth of e-Commerce, coupled with increase in consumer complaints and fraudulent online transactions, several government agencies promulgated guidelines reiterating the laws and regulations that also apply to online businesses.
Pursuant to their mandates conferred by law, the Department of Trade and Industry (DTI), Department of Agriculture (DA), Department
BSP Issues Governance Standards for Operators of Payment System
The Bangko Sentral ng Pilipinas (BSP) has issued the governance policy for Operators of Payment System (OPS) as part of the phased-in implementation of Republic Act No. 11127 or the National Payment Systems Act (NPSA).
The issuance further supports the adoption of the governance standards under the Principles for Financial Market
SEC Issues an Advisory Against Dealing with Non-Registered Foreign Entities
The Philippine Securities and Exchange Commission (SEC) issued an advisory cautioning the public when dealing or transacting with fintech companies that are not licensed or registered in the Philippines.
The Commission reiterated that an entity is required to register and obtain a primary registration with the SEC if they intend to
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