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Section 1
Functions
Section 1. Functions.
The oversight official shall perform the following functions:
Convey the President's perspective and specific instructions to implementing agencies and ensure that these are fully complied with;
Identify policy gaps and implementation bottlenecks and carry out necessary interventions to address these; and,
Provide the President with overall assessments of the MSME policy and program performance.
Section 2
Institutional Arrangements
Section 2. Institutional Arrangements.
To effectively carry out the above functions, the Oversight Official, or his duly designated representative, shall sit in the meetings of the Small and Medium Enterprise Development (SMED) Council, an inter-agency body created by RA 6977 as amended by RA 8289, and any other related bodies or committees whose work affects the MSME sector. The Oversight Official may also create coordinating bodies or committees whose work affects the MSME sector. The Oversight Official may also create coordinating bodies as he may deem necessary.
Section 3
Submission of reports
Section 3. Submission of reports.
The implementing agencies shall provide the PMS regular quarterly reports and other special reports as may be necessary. For this purpose, the PMS, in consultation with concerned agencies, shall prescribe the format and content including performance indicators and measures of said reports.
Section 4
Separability clause
Section 4. Separability clause.
In the event that any provision of this Order is declared invalid, the other provisions that are unaffected thereby shall remain in full force and effect.
Section 5
Repeal
Section 5. Repeal.
All orders, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed, amended or modified accordingly.
Section 6
Effectivity
Section 6. Effectivity.
This Executive Order shall take effect immediately.
DONE
, in the City of Manila, this 4th day of January in the year of Our Lord, Two Thousand and Seven.
(Sgd.) GLORIA M. ARROYO
By the President:
(Sgd.) EDUARDO R. ERMITA
Executive Secretary