Section 6Sec./Art. 6

Regulation and Reportorial Requirements. - Upon effectivity of this Act, all persons engaged in a business involving agricultural and fishery products shall maintain records of their business, which shall be safely stored for five (5) years from the dates of transactions.

All persons with warehouses, cold storage facilities, or any property involved in the storage of agricultural and fishery products, whether owned, leased, or maintained through third persons, shall, upon effectivity of this Act, register the storage facilities with the appropriate regulatory agencies, stating therein:

(a) The name of the owner of the facility;

(b) The contractual arrangement for the use of the facility (whether leased or other arrangements), if applicable;

(c) The complete address of the facility;

(d) The agricultural and fishery products being stored in said facility;

(e) The maximum storage capacity of the facility for a particular product in bags, sacks, or kilos; and

(f) The inventory of any agricultural product in the facility at any given time.

They shall prepare a monthly report on the operations of the said facilities, which shall include an inventory of any agricultural product in the facilities at any given time, which shall be electronically submitted quarterly to the Council under Section 15 of this Act, through the regulatory agency.

Failure to produce documents and/or records required to be acquired or maintained under this Act, applicable laws, rules, regulations in connection to a business transaction, or failure to produce a copy of an updated report of the operations of the facilities as submitted to the Council through the regulatory agency, upon demand by any member or a combination of members of the Enforcement Group, shall constitute a prima facie evidence of violation of this Act: Provided, That the collection, storage, utilization, and transmission of such record submitted to the Council shall be in accordance with Republic Act No. 10173 or the "Data Privacy Act of 2012".

CHAPTER III

ECONOMIC SABOTAGE