Section 14(b) of Republic Act No. 7796 requires TESDA to develop and establish a national system of skills standardization, testing and certification, and conduct research and development for effective skills standardization, testing, and certification.
The TESDA Board approves the Training Regulations for Microfinance Technology NCII following deliberation within TESDA governance structures.
The lead industry partners’ endorsement is required for approval of the Training Regulations.

The Training Regulations are issued to support the national system of skills standardization, testing and certification for Microfinance Technology NCII.
The TESDA Board issuance is supported by industry endorsement and formal board consideration to ensure the Training Regulations are adopted for nationwide use.

The Training Regulations for Microfinance Technology NCII are deliberated during the 40th and 42nd Standards-Setting and Systems Development (SSSD) TESDA Board and TESDA Secretariat Consultation Meetings on 11 May 2009 and 21 December 2009.
The deliberations result in a favorable recommendation to the EXCOM-TESDA Board for consideration.
The SSSD Committee recommends approval after the 71st EXCOM-TESDA Board Meeting on 11 March 2010 at 1:00 p.m.
The TESDA Board considers and approves the Training Regulations during the 74th TESDA Board Meeting on 8 April 2010 at 3:00 p.m.
The resolution is issued by authority of the TESDA Board, with the Board Secretary designated and the Chair, TESDA Board attesting.

Programs registered to deliver the relevant training must comply with the Training Regulations for Microfinance Technology NCII.
Graduates of TVET courses covered by the Training Regulations must undergo mandatory assessment.
Mandatory assessment must be conducted under the national assessment and certification program.
Compliance is required for all programs registered these training regulations.
Effectivity is tied to compliance once the resolution takes effect fifteen (15) days upon its publication.

The resolution requires publication and dissemination of both the resolution and the Training Regulations to all concerned.
The Training Regulations take effect after publication, subject to the fifteen (15) day rule.
Implementation is operationalized through program registration compliance and mandatory graduate assessment under the national assessment and certification program.
The issuance establishes binding training delivery standards through mandatory program compliance after effectivity.