Implementing Rules and Regulations of the Investment Company Act (Philippines)

Investment companies are required to register in accordance with the Corporation Code of the Philippines, the Investment Company Act, the Securities Regulation Code, and their Implementing Rules and Regulations (IRR). 

The IRR provide the minimum requirements for an investment company's application for incorporation with the Securities and Exchange Commission. Shares or units of an investment company shall not be sold, offered for sale, nor distributed by any person unless they have been registered in accordance with the applicable laws. The IRR enumerate the duties and responsibilities of the investment company, fund manager, fund advisor, fund distributor, transfer agent, custodian and compliance officer as defined in the IRR.