9/22/2018
Philippines: NCIP Administrative Order No. 03, Series of 2012, The Revised Guidelines on Free and Prior Informed Consent (FPIC) …
Section 60. Release of Royalty Fees. The royalties may be
released : a) directly to the account of the IPO of the
ICCs/IPs duly established for the purpose, or b) to a
Trustee Bank agreed upon which shall, in turn, be
responsible for releases to the IPO account. In both cases,
no release shall be made by the company to the IPO, or the
trustee bank to the IPO, without the concurrence of the
Commissioner from the Region and the Chairperson of
NCIP duly secured by the IPO. The concurrence is intended
to be a check on the use of the funds based on the CRDP.
Section 61. Community Royalty Development Plan (CRDP).
The ICC/IP receiving royalties and similar fees must
formulate a development plan for the management and use
of the same to be known as the CRDP. In the formulation of
the said plan, the ADSDPP must be considered, and the
ICCs/IPs can engage the services of a reputable public or
private agency to provide consultancy and/or technical
services. The CRDP shall be subject to confirmation by the
Commission En Banc after verification and validation by
the concerned field office.
http://www.wipo.int/wipolex/en/text.jsp?file_id=414691
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