Practice question
What ownership-related material must the relevant agencies require under IRR Section44(b) during registration or disclosure of entities intending to operate public utilities or critical infrastructure?
- Only the entity's advertising budget.
- Documentary evidence proving the nature of ownership.
- Only a verbal assurance that the investor is popular.
- A customer satisfaction survey replacing ownership records.
- No evidence because corporate names are conclusive.
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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