REPUBLIC OF THE PHILIPPINES
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Philippine Standard Time:
Annual Regulatory Plan
/ May 7, 2025 02:57 PM
A regulation refers to any legal instrument that gives effect to a government policy intervention and includes licensing, imposing information obligation, compliance to standards or payment of any form or fee, levy, charge or any other statutory and regulatory requirements necessary to carry out activity or modify behavior. (R.A. No. 11032, Sec. 4[i])
Regulators shall take an active approach in overseeing its regulations which includes the responsibility to plan how regulations will be maintained. Forward planning enables the Philippine government to implement a coordinated and effective regulatory program by allowing stakeholders to view forthcoming regulatory actions and address potential conflicts and duplication at an early stage. (ARTA M.C. No. 2022-06, Sec. 9.3[a])
PICC does not regulate any sector, since it has no regulatory functions, nor does it have any regulatory action planning, because it does not issue any regulation.
