December 18, 2007

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 …

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

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 …

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