“The LTFRB is very mindful of the situation, and that is why we took careful consideration in the issuance of this circular. We needed to strike a balance between allowing a legitimate CPC transfer and at the same time deter any form of abuse,” chairperson Teofilo Guadiz III said.
Under Memorandum Circular 2023-027, or the “Guidelines on the Transfer of Certificate of Public Convenience,” it essentially lifts the “prohibition on the acceptance of application for sale and transfer, whether voluntary or involuntary, of CPC.” With regard to applications for transfer of CPC, the Board listed some conditions before any application is allowed.
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