MANILA, Philippines — The Bureau of Treasury (BTr) has approved the Implementing Rules and Regulations (IRR) for the Maharlika Investment Fund (MIF) Act, Malacaang said on Wednesday.
The law will take effect on September 12, 15 days after its full publication.
“The Bureau of Treasury approved last week the Implementing Rules and Regulations of Republic Act No. 11954, or the Maharlika Investment Fund Act of 2023, prescribing the law’s guidelines, procedures, and standards for implementation,” said the Presidential Communications Office (PCO) in a statement.
Under the IRR, the MIF’s managers or the Maharlika Investment Corp. (MIC) have an authorized capital stock of P500 bil…
Keep on reading: Bureau of Treasury approves IRR for Maharlika Investment Fund, says Palace
