The Securities and Exchange Commission (SEC) formally adopts the judicial affidavit rule in SEC Memorandum Circular No. 4 (series of 2016). The judicial affidavit rule will now have to be observed in all actions, proceedings and incidents requiring the reception of evidence before the SEC.
After years of languishing in Congress without any progress, President Rodrigo Duterte breathes life to Freedom of Information (FOI) by issuing Executive Order No. 2, which mandates disclosure of information of all offices under the executive branch.
The FDA recently issued Guidelines on Product Recall of health products, placing overall responsibility of conducting product recalls with the Market Authorization Holder (MAH). In particular, MAHs are responsible for providing an appropriate product recall strategy and implementing the same. The Guidelines also created a Product Recall Committee whose principal functions are to review "triggers" for product recall, issue recall resolutions and monitor recall implementation.