Parties to a transaction are required to notify the PCC within 30 days from signing their definitive agreements and prior to consummation of the transaction, if the total assets or revenues of the notifying group of either party to the transaction exceeds PhP 9.1 Billion and the total value of the assets or revenues of the acquired entity and all entities it controls exceed PhP3.8 Billion. Share acquisitions must exceed 35% or 50% to be notifiable.

Parties that do not breach the threshold can voluntarily notify their transaction to the PCC.

Notification fees assessed by the PCC for Phase 1 review of the transaction is PhP 250,000.00, while for Phase 2, it is 1% of 1% of the value of the transaction, which shall not be less than PhP 1,000,000.00 nor exceed PhP 5,000,000.00.

The following are the grounds for non-coverage from compulsory notification:

1. Transactions that do not breach the notification thresholds provided under Section 17 of the Philippine Competition Act and Rule 4, Section 3 of the Implementing Rules and Regulations of Republic Act No. 10667, as amended by PCC Memorandum Circular No. 18-001
2. Internal restructuring covered by PCC Clarificatory Note No. 16-002
3. Consolidation of ownership under PCC Clarificatory Note No. 18-001
4. Certain land acquisitions not for the purpose of obtaining control, per PCC Clarificatory Note No. 19-001

The PCC notification form is available at https://www.phcc.gov.ph/file-manager/file-manager/MAO/Notification%20Form_rev3_09%20March%202026.pdf.

Other information can found at https://phcc.gov.ph/mergers-and-acquisitions/