BSP Circular Letter No. CL-2014-057 TO: All Banks and Non-Bank Financial Institutions RE: 2013 Updates to the Manual of Regulations for Banks and Non-Bank Financial Institutions The Monetary Board, in its Resolution No. 1265 dated 14 August 2014, approved the 2013 Updates to the Manual of Regulations for Banks (MORB) and Manual of Regulations for …
Download the Memorandum in PDF
MEMORANDUM TO: All Member Rural Banks DATE: 18 September 2014 RE: Guidelines on the Electronic Submission of the Enhanced Report of Selected Branch Accounts ———————————————- Please be informed that the Bangko Sentral ng Pilipinas, through Memorandum No. M-2014-035, has issued guidelines on the electronic submission of bank deposit interest rates as part of the Report …
BSP Circular No. 848 RE: Reportorial Requirements for Bank Deposit Interest Rates Pursuant to Monetary Board Resolution No. 1296 dated 20 August 2014, Section X149 and Appendix 6 of the Manual of Regulations for Banks (MORB) are hereby amended. Section 1. Reportorial Requirement A NEW SUBSECTION X149.8 IS HEREBY ADDED TO SECTION X149 OF THE …
BSP Circular No. 848: Reportorial Requirements for Bank Deposit Interest Rates Read More »
Dear Sir/Madam, Please be advised that the Anti-Money Laundering Council (AMLC) issued Resolution No. 43 dated 23 May 2014 which resolved to allow covered persons to submit multiple suspicious transactions under one suspicious transaction report (STR), subject to the observance of the following guidelines: 1. The suspicious transactions shall involve similar suspicious transaction indicator, and …
Dear Sir/Madam, The Office of the President issued Memorandum Circular No.64 dated 20 June 2014 entitled “Enjoining All Concerned Agencies to Fully Support and Actively Participate in the Conduct of the Money Laundering/Terrorism Financing (ML/TF) National Risk Assessment (NRA) Through Involvement in the ML/TF Working Group” The NRA, which is among the Financial Action Task …
Dear Sir/Madam, The Monetary Board, in its Resolution No. 1207 dated 1 August 2014, approved the guidelines on cross-selling of collective investment schemes and amendments of certain provisions of the Manual of Regulations for Banks (MORB), as provided under Circular No. 801 dated 27 June 2013 (Revised Cross-selling Framework) Attached is a copy of the …
To download a copy in PDF file, please click on this link: BSP Memorandum No. M-031
To: ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS WITH QUASI-BANKING FUNCTIONS Subject: Withholding of Percentage Tax – Gross Receipt Tax Under Revenue Regulations No. 02-98, the Bangko Sentral ng Pilipinas (BSP) is required to deduct and withhold the percentage taxes, GRT due from its payments to all banks and non-bank financial institutions with quasi-banking functions, to …
BSP MEMORANDUM NO. M-2014-029: Withholding of Percentage Tax – Gross Receipt Tax (GRT) Read More »
In an effort to further assist banks in finalizing the Financial Reporting Package (FRP), attached are the updated validation rules used by the BSP to check and determine whether the entries in the FRP are either balanced and reconciled or cited with mathematical defects requiring correction and the submission of amendments that are subject to …
To download a PDF Copy, please click on this link: BSP Memorandum M-2014-026
To download a PDF copy, please click on this link: BSP Memorandum No. M-2014-025
To download a PDF copy, please click on this link: BSP Memorandum No. M-2014-024
To download a PDF copy, please click on this link: BSP Circular No. 838
The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
