Implementing Rules and Regulations of the Credit Information System Act No. 9510 of 2009 provides details on the establishment of a credit information system, the Central Credit Information Corporation, in the Philippines and addresses other matters related to credit information.
The regulations include the following topics:
- Objectives;
- Definition of terms;
- Submitting entities and the data to be submitted;
- Establishment of the Central Credit Information Corporation;
- Confidentiality of Credit Information;
- Educational Campaigns;
- Rules and Regulations;
- Congressional Oversight Committee;
- Indemnity in favor of the corporation, its officers, and employees;
- Penalties;
- Inviolable nature of the secrecy of bank deposits and/or client funds;
- Principal Government Agency;
- Annual Report of the corporation; and
- Effectivity Clause.