Year: 2007

BSP Circular 487: Amendments to the MOR for Banks re Subsec. 1338.2 and X338.3

CIRCULAR NO. 487 Series of 2005 Pursuant to Monetary Board Resolution No. 695 dated 26 May 2005, the provisions of the Manual of Regulations for Banks (MORB) are hereby amended to read as follows: Section 1. The last paragraph of Item “c” of Subsec. 1338.2 is hereby amended to read as follows: “Loans financed under …

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BSP Circular No. 494: Guidelines on the Adoption of Philippine FRP and Philippine Accounting Standar

OFFICE OF THE GOVERNOR Circular No. 494 Series of 2005 Subject: Guidelines on the Adoption of Philippine Financial Reporting Standards and Philippine Accounting Standards The Monetary Board in its Resolution Nos. 1110 and 1194 dated 18 August 2005 and 8 September 2005, respectively, approved the following guidelines in adopting the provisions of the Philippine Financial …

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BSP Adoption of the General Information Sheet (GIS) of the Securities and Exchange Commission (SEC)

MEMORANDUM Series of 2005 TO : All Banks and Non-Bank Financial Intermediaries (NBFIs) Subject : BSP Adoption of the General Information Sheet (GIS) of the Securities and Exchange Commission (SEC) Please be informed that the Bangko Sentral ng Pilipinas (BSP) has adopted the General Information Sheet (GIS) of the Securities and Exchange Commission (SEC) as …

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BSP Circular No. 483: mendment to the second paragraph of Section X238 of the Manual of Regulations

CIRCULAR NO. 483 Series of 2005 Pursuant to Monetary Board Resolution No. 461 dated 7 April 2005, the second paragraph of Section X238 of the Manual of Regulations for Banks is hereby amended to read as follows: “Unregistered commercial papers may be sold, discounted, assigned, or negotiated by banks to THE FOLLOWING: a. other banks …

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BSP Circular No. 490: Requirements on the Declaration of Dividends

CIRCULAR NO. 490 Series of 2005 Pursuant to Monetary Board Resolution No. 831 dated 23 June 2005, the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) are hereby amended to read as follows: Section 1. Subsection X136.2 and Section 4126Q.2 of the MORB and MORNBFI, respectively, are …

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BSP Memorandum dated June 8, 2005: Suspension of the SL Reporting System

MEMORANDUM Series of 2005 TO : All Banks Please be informed that the submission and parallel testing of Subsidiary Ledgers (SL) under the SL Reporting System for all banks is hereby temporarily suspended. The SL Reporting System was previously implemented through the issuance of the Memorandum to All Commercial Banks dated 26 January 2004, Memorandum …

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