NARP Law, Author at NARP Law | The Premier Law Firm in the Philippines

BSP Framework for Merchant Payment Acceptance Activities

BSP Regulatory Framework for Merchant Payment Acceptance Activities

The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1198, Series of 2024, (Circular) providing framework governing Merchant Payment Acceptance Activities (MPAA). The policy covers any Operators of Payment…

September 5, 2024

Legally Speaking

NPC Framework for the use of CCTV

The National Privacy Commission (NPC) issued Circular No. 2024-02 on Closed-Circuit Television (CCTV) Systems to provide an updated policy framework on the use of CCTV. The Circular applies to…

August 28, 2024

Legally Speaking

Fintech: Updated ML/TF/PF Risk Reporting and Notification Requirements

The Bangko Sentral ng Pilipinas (BSP) issued a circular amending the provisions of Section 911 of the Manual of Regulations for Banks (MORB) and Section 911-Q of the Manual of Regulations for…

May 24, 2024

Legally Speaking

Tech Update: BSP Sandbox Framework

The Bangko Sentral ng Pilipinas (BSP) issued a circular regarding the institutionalization of the Regulatory Sandbox Framework. It aims to promote a more active, evidence-based, and results-driven assessment of new…

May 16, 2024

Legally Speaking

BIR Revenue Regulations No. 4-2024 and the Ease of Paying Taxes (EOPT) Act

The Bureau of Internal Revenue (BIR) promulgated Revenue Regulations (RR) No. 4-2024 to implement Sections 22, 34, 51(A)(2)(e), 5l(B), 51(D), 56(A)(l), 58(A), 58(C), 58(E), 77, 81, 90, 91, 103, 114,…

May 13, 2024

Legally Speaking

Obligations of Sellers/Merchants, E-marketplace Operators and Digital Financial Services Providers (DFSP) under RR No. 16-2023

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 8-2024 on January 15, 2024 to prescribe the timeline and implementation procedures of Revenue Regulations (RR) No. 16-2023…

February 27, 2024

Legally Speaking

Privacy Matters: Amendments to 2021 Rules of Procedure of the National Privacy Commission

Privacy Matters: The National Privacy Commission (NPC) issued NPC Circular No. 2024-01 dated January 26, 2024 amending certain provisions of its 2021 Rules of Procedure The Circular includes Rule XII…

February 11, 2024

Legally Speaking

Navigating Online Privacy: Can A Prospective Employer Legally Post Your Private Messages?

An issue recently surfaced about a certain businesswoman who posted her private messages with an applicant of her company who allegedly prematurely asked: What will be my (applicant’s) salary rate?…

January 24, 2024

Legally Speaking

National Privacy Commission Launches “Na-leak ba ang PhilHealth Data ko?” Portal

The National Privacy Commission (NPC) launched the “Na-leak ba ang PhilHealth Data ko?”, a database search portal aimed at helping individuals verify if their personal information was included in the…

November 15, 2023

Legally Speaking

SEC Issues Guidelines on the Submission of Digital Copies of Applications, Compliance Documents and Other Requests

The Securities and Exchange Commission (SEC) issued Memorandum Circular No. 18, Series of 2023, providing guidelines on the submission of digital copies of applications, compliance documents, and other requests, and…

October 24, 2023