Philippines - Legal Developments: Data Privacy, Digital Banks and FinTech


This bulletin is on recent Philippine legal developments in data privacy, fintech and digital banks.

PRIVACY UPDATE

Caring about Sharing: New Rules on Data Sharing Agreements

On December 23, 2020, the Philippine data privacy regulator, the National Privacy Commission (NPC) issued NPC Circular No. 2020-03 on data sharing agreements (2020 DSA Circular). The circular supersedes NPC Circular No. 16-02 which specifically applied to data sharing agreements (DSAs) among government agencies, although the NPC had pointed to 16-02 as a source of guidance for personal information controllers (PICs) in the private sector. The 2020 DSA Circular applies to PICs in all sectors.

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