Practice question
An initial risk assessment finds no national-security threat. Under the stated IRR process, what communication is contemplated?
- Automatic prohibition of every transaction with a foreign party.
- Permanent secrecy of the result from all parties.
- Immediate confiscation of every target asset.
- A compulsory criminal conviction of all directors.
- The department or agency informs the parties of the result and that they may proceed.
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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