2008

• Played a key role in the passage of the Credit Information System Act (CISA)
• Extension of the exemption of micro and small-enterprise loans from the required submission of ITR/AFS
• Longer period for submission by banks to AMLC of Covered and Suspicious Transaction Reports
• Reduction to one (from two) of AMLC ID requirement
• Introduced legislation on Free Patent
• Issuance by the Supreme Court of Administrative Matter No. 99-10-05 as a means of addressing industry’s concern on indiscriminate issuance of TROs