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C059182017 Exudate : Oct 11, 2017SECURITIES AND EXCHANGE COMMISSION SEC FORM 17C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER1. Date of Report
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Implementing rules and regulations (IRR) are specific guidelines and procedures established to enforce and administer laws enacted by a legislative body.
Entities such as government agencies, regulatory bodies, and organizations impacted by a specific law are typically required to file implementing rules and regulations.
Filling out implementing rules and regulations involves drafting the rules based on the primary legislation, detailing the process, compliance requirements, and submitting them to the appropriate authority for approval.
The purpose of implementing rules and regulations is to clarify the intent of a law, facilitate compliance, and provide a clear framework for enforcement.
Typically, implementing rules and regulations must report the objectives, scope, procedures, compliance requirements, and penalties for violations.
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