Philippines: Internet Transaction Implementation Rules
in short Various agencies led by the Department of Trade and Industry (DTI) signed Joint Executive Order No. 24-03, Series of 2024, containing the Implementing Rules and Regulations (IRR) of Republic Act 11967 or the Internet Transactions Act of 2023 (ITA) . The ITA aims to regulate e-commerce, protect consumer rights and data privacy, and safeguard intellectual property rights. (See customer alert regarding ITA here). The IRR clarifies the scope and coverage of the ITA, the enforcement powers of the DTI vis-à-vis other agencies, and the applicable penalty procedures. It also sets out a code of conduct for online businesses and online consumers and provides additional requirements and obligations. The IRR is currently in effect. However, the ITA granted affected parties an 18-month transition period to comply with legal requirements. The IRR provides additional guidelines that are expected to facilitate the implementation of the ITA, which applies to all business-to-business (B2B) and business-to-consumer (B2C) Internet transactions within the scope of…
Philippines: Internet Transaction Implementation Rules
in short Various agencies led by the Department of Trade and Industry (DTI) signed Joint Executive Order No. 24-03, Series of 2024, containing the Implementing Rules and Regulations (IRR) of Republic Act 11967 or the Internet Transactions Act of 2023 (ITA) . The ITA aims to regulate e-commerce, protect consumer rights and data privacy, and safeguard intellectual property rights. (See customer alert regarding ITA here). The IRR clarifies the scope and coverage of the ITA, the enforcement powers of the DTI vis-à-vis other agencies, and the applicable penalty procedures. It also sets out a code of conduct for online businesses and online consumers and provides additional requirements and obligations. The IRR is currently in effect. However, the ITA granted affected parties an 18-month transition period to comply with legal requirements. The IRR provides additional guidelines that are expected to facilitate the implementation of the ITA, which applies to all business-to-business (B2B) and business-to-consumer (B2C) Internet transactions within the scope of…
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