Notable Regulations Issued May 2011

Some notable regulations issued during the month of May 2011:

1.     ERC Resolution No. 09 – A Resolution Adopting the Rules Requiring Generation Companies and Distribution Utilities Which are Not Publicly Listed to Offer and Sell to the Public a Portion of Not Less than Fifteen Percent (15%) of their Common Shares of Stock Pursuant to Section 43(t) of Republic Act No. 9136 and Rule 3, Section 4(m) of its Implementing Rules and Regulations (IRR);

2.     DENR Administrative Order No. 2011-06 – Prescribing the Guidelines for the Implementation of Public Land Titling in Partnership with Local Government Units;

3.      SEC Memorandum Circular No. 3 – Guidelines on the Implementation of PFRS 9 (Financial Instruments: Recognition and Measurement); and

4.     COMELEC Resolution No. 9220 – Guidelines for Registration of Persons with Disabilities (PWDs).

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