Private Security Agency (PSA).
SECTION 4. Private Security Agency (PSA). — Any Filipino citizen or juridical entity wholly owned and controlled by Filipino citizens may organize a private security agency and provide security services: Provided, That they shall not employ more than two thousand (2,000) private security professionals as defined in this Act.
PSA Operator or Licensee.
SECTION 5. PSA Operator or Licensee. — No applicant shall be granted a license to operate a PSA unless the applicant possesses the following qualifications: (a) Must be at least twenty-five (25) years of age; (b) Must hold a bachelor's degree; (c) Must be a part owner of the company or in case of juridical entity, holder of at least one (1) share of stock with voting rights; (d) Must be of good moral character; (e) Must not have been convicted of any crime or offense involving moral turpitude; and (f) Must be physically and mentally fit, and passed the neuro-psychiatric test and drug test administered by the PNP or other similar government centers and facilities: Provided, That in case of juridical entity, the named operator or licensee shall be its President or any of its directors complying with the above requirements and duly authorized by their Board of Directors.
License to Operate.
SECTION 6. License to Operate. — A license to operate issued by the Chief PNP is required to operate and manage a PSA and PSTA: Provided, That an LTO for PSTA shall be granted only to a training school, institute, academy, or educational institution which offers courses prescribed and approved by the PNP or training programs accredited by TESDA.
Period of Validity of LTO.
SECTION 7. Period of Validity of LTO. — The LTO issued to PSA and PSTA shall be valid for a maximum period of five (5) years, subject to renewal: Provided, That the Chief PNP may set a shorter validity period for LTO with applicable fair and reasonable fees adjusted accordingly.
Fees and Bond to be Paid.
SECTION 8. Fees and Bond to be Paid. — Every application for LTO shall be accompanied by a bond issued by competent or reputable surety, fidelity or insurance company duly accredited by the Insurance Commission. The bond shall be used to answer to any valid and legal claim against the agency by its clients or employees. The amount of bond to be determined by the Chief PNP must be reasonable and should depend on the number of PSPs employed.
Administrative Fee of PSAs.
SECTION 9. Administrative Fee of PSAs. — The minimum administrative fee that may be charged by PSAs to its clients shall not be less than twenty percent (20%) of the total contract cost, subject to adjustment by the Department of Labor and Employment: Provided, That additional fees shall be charged for the acquisition and maintenance of extraneous tools and equipment used for security operation by the agency or required by the clients and for the continuous deployment of PSPs in hazardous conditions.
Issuance of Firearms.
SECTION 10. Issuance of Firearms. — A PSA shall be entitled to possess firearms after having successfully passed the requirements prescribed by the Chief PNP and in accordance with Republic Act No. 10591 or the "Comprehensive Firearms and Ammunition Regulation Act": Provided, That a PSA shall only be allowed to possess small arms, not exceeding one (1) firearm for each PSP, to include single-post, in its employ: Provided, further, That possession of firearms by PSPs shall only be allowed during their tour of duty, in proper uniform, within the compound of the establishment, except when they escort and secure large amounts of cash or valuables, which firearms must be determined by the PNP: Provided, finally, That inventory of firearms of PSAs shall be subject to periodic inspection by the PNP.
Uniform.
SECTION 11. Uniform. — The uniform of PSPs shall be different from the uniform worn and prescribed for members of the Armed Forces of the Philippines (AFP), the PNP and other law enforcement authorities. The PNP, through the authorized representative, shall prescribe the uniform, ornaments, equipment and paraphernalia to be worn by the PSPs while on duty.
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).