On 17 February 2020, the Philippine Competition Commission (PCC) published PCC Commission Resolution No. 02-2020 dated 11 February 2020 (CR No. 02-2020) on its website, which adjusts the mandatory notification thresholds under the Philippine Competition Act (PCA) and PCA Implementing Rules and Regulations (PCA-IRR), as follows:
- Size of Party will be increased from PHP 5.6 Billion to PhP 6 Billion
- Size of Transaction will be increased from PhP 2.2 Billion to PhP 2.4 Billion.
The adjusted thresholds in CR No. 02-2020 will take effect on 1 March 2020, and shall apply to M&A transactions whose definitive agreements are signed or executed thereafter.