Price controls were abolished, import liberalized, the financial market and capital flows were deregulated. Republic Act No. 7925 which has effectively deregulated and privatized the telecom industry. Financial markets were deregulated and tariffs on imported goods lowered and phased out. The financial markets were also deregulated, removing restrictions on interests rates, lending and foreign exchange. The Swiss telecommunications market was deregulated in 1997. The act formally deregulated the electricity sector. Douglas also deregulated the finance markets, removing restrictions on interest rates, lending and foreign exchange. During his term, national energy markets were deregulated. The province of Alberta has deregulated their electricity provision. In 1999, Maryland deregulated the electricity industry. In 1996, the Swedish electricity market was also deregulated. Social benefits were reduced, taxes lowered and businesses deregulated. In the UK, payphones have been deregulated. Apartments that were legally deregulated prior to 2019 remain market rate. The financial market was deregulated and controls on foreign exchange removed.