Practice question
For a sovereign wealth fund invoking the stated investment route, what additional proof does IRR Section44(d) require the agency to obtain?
- A promise never to keep investment records.
- A guarantee that the fund can exceed every capital ceiling.
- Adherence to international best practices and generally accepted sovereign-wealth-fund management principles.
- A patent on the target's business name.
- A certificate that all foreign-government investments are unrestricted.
Legal references
- RA 11659, amending CA146, public-utility definition and national-security safeguards: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/94539
- Signed March 20, 2023 implementing rules of RA11659, Sections 5-7 and 32-45: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
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