This autonomousbody is to be formed by seven independent regulators that would have the authority to revoke operating licenses for monopolistic practices.
The IOC, which celebrated its 50th Anniversary in 2010, is a largely autonomousbody within UNESCO which promotes international cooperation in ocean scientific research and in the development of ocean services worldwide.
Under the new law, a regulatory autonomousbody formed by seven regulators, known as the Federal Institute of Telecommunications, will have the power to revoke operating licenses for monopolistic practices and to stop companies from controlling more than 50% of market share.
The position of these Christian bodies is supported by the most authoritative body of Islamic clerics in the Philippines, the Assembly of Darul-Iftah of the Autonomous Region of Muslim Mindanao.