FOR
FROM
DATE
SUBJECT
:
:
:
:
ALL MEMBER-BANKS
SUZANNE I. FELIX, Executive Director
January 4, 2012
BSP CIRCULARS/MEMORANDA ISSUED FOR THE YEAR 2011
--------------------------------------------------------------------------------------------------------------------Hereunder is a list of BSP circulars/memoranda issued for the period January 5, 2011 to
December 28, 2011:
Circulars:
Number
Date
Subject
744
12.28.2011
Amendments to Annex A of Circular No. 694 to Include
Microfinance Plus in the Types of Microfinance Loans
743
Prescriptive Period for Filing of Requests for Registration
12.15.2011 with the Bangko Sentral ng Pilipinas of Foreign Direct
Investments
742
11.21.2011 Amendments to Foreign Exchange Regulations
741
11.17.2011 Guidelines on Temporary Window for the purchase of
foreign exchange (FX) to service unregistered private
sector foreign loans
740
11.16.2011 Amendment of Appendix 46 (Guidelines to Incorporate
Market Risk in the Risk-Based Capital Adequacy
Framework) of the Manual of Regulations for Banks
(MORB)
739
10.26.2011 Amendment of Item 18 of Subsection X162.3 of the
Manual of Regulations for Banks to include Onsite
Automated Teller Machines (ATMs) in the Outsourcing
function among the services that banks may outsource to
third party service providers
738
10.11.2011 Treatment of Securities Offered and Accepted in Tender
Offers Pursuant to Liability Management Transactions of
the Republic of the Philippines
737
09.19.2011 Amendments to the Regulations Requiring the Submission
of the Report on the Sworn Statement on Real
Estate/Chattel Transactions
736
07.20.2011 Rules and Regulations on the mandatory credit allocation
for agriculture and agrarian reform credit
735
08.16.2011 Amendment of Section X267 of the Manual of
Regulations for Banks removing the restriction on the
itinerary of mobile ATMs
734
08.16.2011 Amendment to the Regulations on Single Borrower's Limit
733
08.05.2011 Philippine Financial Reporting Standards 9
732
08.03.2011 Increase in Statutory/Legal Reserve Requirements of Peso
Deposit Liabilities and Deposit Substitutes
731
07.28.2011 Internal Capital Adequacy Assessment Process (ICAP)
and Supervisory Review Process (SRP) for Foreign Bank
Branches
730
07.20.2011 Updated Rules Implementing the truth in Lending Act to
Enhance Loan Transaction Transparency
729
07.08.2011 Memorandum of Understanding (MOU) entered into
between the Bangko Sentral ng Pilipinas (BSP) and the
Board of Directors of banks initiated to the Prompt
Corrective Action (PCA) framework
728
06.23.2011 Phased Lifting of Branching Restriction in the Eight (8)
"Restricted Areas" of Metro Manila
727
06.23.2011 Amendment to the Guidelines on Branching and
Voluntary Closure/Sale/Acquisition of Branches/Other
Banking Offices
726
06.27.2011 Increase in Statutory/Legal Reserve Requirements of Peso
Deposit Liabilities and Deposit Substitutes
725
06.16.2011 Amendments to the MOR for Banks to Address Risks on
Relationships Between Banks and Their Related
Microfinance NGOs/Foundations and to Classify Deposits
of Clients of NGOs/Foundations Maintained with Related
Lending Bank as Non-Risk Asset
724
06.13.2011 Revised Definition of Socialized and Low-Cost Housing
723
05.26.2011 Amendment of Subsection X162.3 of the Manual of
Regulations for Banks to include Automatic Teller
Machine (ATM) servicing for offsite ATMs among the
services that banks may outsource to third party service
providers
722
05.17.2011 Amendments to the regulations on banks accredited as
collection agents of the Social Security System (SSS)
721
05.13.2011 Amendments to the Manual of Regulations for Banks
(MORB) and Manual of Regulations for Non-Bank
Financial Institutions (MORNBFI) on the Exemption of
Certain Trust/Other Fiduciary Accounts from the Client
Suitability Assessment (CSA) Requirement
720
05.06.2011 Amendments to the guidelines on the retention and
disposal of records/documents of rural and cooperative
banks
719
05.06.2011 Guidelines on Receivership and Liquidation Proceedings
of Non-Banks with Quasi-Banking Functions (NBQBs) and
Trust Entities
718
04.26.2011 Transactions Involving Voting Shares of Stock
717
03.25.2011 Risk weight of credit exposures guaranteed by the LGU
Guarantee Corporation (LGUGC); and Treatment of
guarantees under the risk-based capital adequacy
framework of stand-alone thrift banks, rural banks and
cooperative banks
716
03.25.2011 Amendment of the Risk-Based Capital Adequacy
Framework for Banks/Quasi-Banks on the Definition of
Qualifying Capital Instruments
715
03.04.2011 Minimum Capital Requirement for Thrift Banks
714
03.10.2011 Securities Custodianship Operations
713
02.14.2011 Risk weighting of bank loans to the extent guaranteed by
the Agricultural Guarantee Fund Pool (AGFP)
712
02.09.2011 Amendment to Regulations on Single Borrower's Limit
711
01.28.2011 Amendments to the Manual of Regulations for Non-Bank
Financial Institutions - Pawnshops (Circular No. 656 dated
2 June 2009)
710
01.19.2011 Trust Corporation
709
01.10.2011 Amendment of the Risk-Based Capital Adequacy
Framework for Banks/Quasi-Banks on the Definition of
Qualifying Capital Instruments
708
01.10.2011 Guidelines on the adoption of PFRS 9
707
01.07.2011 Amendments to Circular No. 359 so as to allow the
regular banking unit of Thrift Banks to invest in readily
marketable foreign currency denominated debt
instruments
706
01.05.2011 Updated Anti-Money Laundering Rules and Regulations
Memoranda:
Number
Date
Subject
M-2011-066
12.15.2011 MB Resolution No. 1850 dated 15 December 2011
Placement of the Rural Bank of Calubian (Leyte), Inc.
under Receivership
M-2011-065
12.15.2011 MB Resolution No. 1849 dated 15 December 2011
Placement of the Rural Bank of Jordan (Iloilo), Inc. under
Receivership
M-2011-064
12.15.2011 Guidelines on the Electronic Submission of the Report on
Compliance with the Mandatory Agri Agra Credit under
R.A. No. 10000 and the updated FRP report
M-2011-063
12.14.2011 ATM Availability and Security against ATM Fraud
M-2011-062
12.13.2011 Amendment of the Reporting Template of the Revised
Risk-Based Capital Adequacy Framework pursuant to
Circular No. 740 dated 16 November 2011
M-2011-061
12.01.2011 Transfer of BSP Kalibo Branch to its new location at
Arnaldo Blvd., Baybay, Roxas City
M-2011-060
11.24.2011 MB Resolution No. 1735 dated 24 November 2011 Placement of the Rural Bank of Angadanan (Isabela),
Inc. under Receivership
M-2011-059
11.22.2011 Electronic Primary Entry Book (EPEB) Entry/Ref. No. as
Evidence of Registration/Cancellation of Mortgage
Instruments/Encumbrance or Lien
M-2011-058
11.18.2011 Disclosure of Ultimate Beneficial Owners of Bank Shares
Held in the name of PCD Nominee Corporation (PCDNC)
M-2011-057
11.17.2011 MB Resolution No. 1702 dated 17 November 2011 Placement of the Rural Bank of Valencia (Negros
Oriental), Inc. under Receivership
M-2011-056
11.10.2011 Regulatory Relief for Banks Affected by Tropical Storm
"Pedring"
M-2011-055
10.17.2011 Regulatory Relief for Banks Affected by Typhoon "Mina"
M-2011-054
10.06.2011 Guidelines on the Electronic Submission of the Original
and the Revised Risk-Based Capital Adequacy Ratio
(CAR) Reports
M-2011-053
09.22.2011 MB Resolution No. 1412 dated 22 September 2011:
Placement of the Rural Bank of Mawab (Davao), Inc.
under Receivership
M-2011-052
09.16.2011 Amendments to Prudential Reports Relative to the
Implementation of the Mandatory Agrarian Reform and
Agricultural Credit under R.A. No. 10000
M-2011-052
09.16.2011 Amendments to Prudential Reports Relative to the
Implementation of the Mandatory Agrarian Reform and
Agricultural Credit under R.A. No. 10000
M-2011-051
09.09.2011 MB Resolution No. 1355 dated 09 September 2011Placement of the Rural Bank of Mabini (Batangas), Inc.
under Receivership
M-2011-050
09.09.2011 MB Resolution No. 1354 dated 09 September 2011
Placement of
Receivership
the
LBC
Development
Bank
under
M-2011-049
09.07.2011 One-year Deferment of the lmplementation of the
Originator Information Requirement under Subsec.
X806.2.i(e) of Circular No. 706 dated 5 January 2011
M-2011-048
08.26.2011 Guidelines on the Submission of Reports Relative to the
Early Adoption of PFRS 9
M-2011-047
08.19.2011 Segregation of Securities Brokering, Dealership and
Underwriting Activities
M-2011-046
08.18.2011 MB Resolution No. 1238 dated 18 August 2011: Placement
of the Rural Bank of Indang (Cavite), Inc., - also
representing itself as First Reliance Bank, under
Receivership
M-2011-045
08.16.2011 Extension of Tlme to Submit the Sworn Certification on the
Revised and Updated Money Laundering and Terrorist
Financing Prevention Program (MLPP)
M-2011-044
08.16.2011 Cancellation of Trust License of Insular Investment and
Trust Corporation
M-2011-043
08.12.2011 Regulatory Relief for Banks Affected by Tropical Storm
"Juaning"
M-2011-042
07.29.2011 MB Resolution No. 1123 dated 29 July 2011: Placement of
the Rural Bank of Tarlac, Inc. (RB Tarlac) under
Receivership
M-2011-041
07.29.2011 MB Resolution No. 1122 dated 29 July 2011: Placement of
the Bank of Calape (Savings and Mortgage Bank) under
Receivership
M-2011-040
07.28.2011 Effective Interest Rate Calculation Models for all Types of
Loans
M-2011-039
07.21.2011 MB Resolution No. 1078 dated 21 July 2011: Placement of
the Rural Bank of Garcia-Hernandez (Bohol), Inc. under
Receivership
M-2011-038
07.14.2011 MB Resolution No. 1034 dated 14 July 2011: Placement of
the Rural Bank of Matanao (Davao del Sur), Inc. under
Receivership
M-2011-037
07.07.2011 MB Resolution No. 987.B dated 07 July 2011: Placement of
the Express Savings Bank, Inc. (Express Bank) under
Receivership
M-2011-036
07.05.2011 Criteria for Acceptability of Free Patent as Underlying
Collateral for Loans Offered for Rediscounting with the
BSP
M-2011-035
06.23.2011 Updated Definition of Socialized and Low-Cost Housing
under Section 1397 of the Manual of Regulations for
Banks
M-2011-034
06.17.2011 MB Resolution No. 873 dated 17 June 2011 - Placement of
the Mambajao Community Rural Bank, Inc. under
Receivership
M-2011-033
06.15.2011 General Governance Principles and Standards on
Relationships Between Banks and Their Related NonGovernmental Organizations (NGOs)/Foundations
M-2011-032
06.06.2011 Guidance for the Implementation of Circular 694 on the
Establishment of Other Banking Offices and Notes on
Microfinance
M-2011-031
06.02.2011 MB Resolution No. 803 dated 02 June 2011 - Placement of
the Rural Bank of Pres. Roxas (North Cotabato), Inc.
under Receivership
M-2011-030
06.03.2011 Imposition of service charges and maintenance fees on
deposit accounts falling below the minimum average
daily balance (ADB)
M-2011-029
05.26.2011 Collection of the Annual Supervisory Fees (ASF) for the
Year 2011
M-2011-028
05.26.2011 Guidelines on the Submission of the Updated Report on
Non-Deliverable Forward (NDF) Transactions
M-2011-027
05.25.2011 Guidance for the Implementation of Circular 683 on the
Marketing, Sale and Servicing of Microinsurance Products
M-2011-026
05.05.2011 Termination of the Libyan Dinar Currency Exchange
Facility
M-2011-025
04.20.2011 Reminder of the Implementation of the Philippine
Cooperative Code of 2008 (R.A. 9520) and Circular 682
dated 15 February 2010
M-2011-024
04.15.2011 MB Resolution No. 489 dated 31 March 2011 - Withdrawal
of
Trust
License
of
Multinational
Investment
Bancorporation (MIB)
M-2011-023
04.07.2011 MB Resolution No. 515.A dated 07 April 2011 - Placement
of the Rural Bank of Nabas (Aklan), Inc. under
Receivership
M-2011-022
04.07.2011 MB Resolution No. 514 dated 07 April 2011 - Placement of
the Rural Bank of Tagudin (Ilocos Sur), Inc. under
Receivership
M-2011-021
03.31.2011 MB Resolution No. 454 dated 31 March 2011 - Placement
of the Rural Bank of Tampakan (South Cotabato), Inc.
under Receivership
M-2011-020
03.30.2011 Revised Regulatory Treatment of Investments of Banks in
RP Global Peso Notes
M-2011-019
03.29.2011 Transitory Provision under Circular No. 694, dated
October 2010, on the Establishment of Other Banking
Offices (OBOs)
M-2011-018
03.25.2011 MB Resolution No. 414 dated 25 March 2011 - Placement
of the Rural Bank of Agno (Pangasinan), Inc. under
Receivership
M-2011-017
03.18.2011 Guidelines on Real Estate Properties Covered by Section
7 of R.A. No. 26 Offered as Collateral for Loans with the
BSP
M-2011-016
03.17.2011 MB Resolution No. 372-A dated 17 March 2011 Placement of the Banco Filipino Savings and Mortgage
Bank under Receivership
M-2011-015
03.18.2011 Reminder on the Proper Offering of Microinsurance
Services
M-2011-014
03.07.2011 Submission of Certification on Monitoring Compliance
with existing Anti-Money Laundering (AML) Regulations
for all Banks is no longer required
M-2011-013
03.03.2011 MB Resolution No. 293A dated 03 March 2011: Placement
of the Growers Rural Bank (GRB), Inc. under Receivership
M-2011-012
03.03.2011 Currency Exchange Facility for Libyan Dinar for Overseas
Filipino Workers Evacuated from Libya
M-2011-011
02.28.2011 Reminder on the Discontinuance of Submission of Various
Reports to the DES
M-2011-010
02.17.2011 MB Resolution No. 220 dated 17 February 2011 Placement of the Rural Bank of Manjuyod (Negros
Oriental), Inc. under Receivership
M-2011-009
02.03.2011 MB Resolution No. 183 dated 03 February 2011 Placement of the GMA Rural Bank of Cavite, Inc.
(GMAC) under Receivership
M-2011-008
02.03.2011 MB Resolution No. 146 dated 03 February 2011 Placement of the Rural Bank of Bingawan (Iloilo), Inc.
under Receivership
M-2011-007
02.04.2011 Regulatory and Rediscounting Relief for the Banks
Affected by Landslides and Flooding in Region IV-B, V, VI,
VII, VIII, X, XI, XII, CARAGA, and ARMM
M-2011-006
02.03.2011 Reminder Against the Use of Pirated Products
M-2011-005
01.27.2011 MB Resolution No. 105 dated 27 January 2011 Placement of the Rural Bank of Mapandan (Pangasinan),
Inc. Under Receivership
M-2011-004
01.27.2011 MB Resolution No. 104 dated 27 January 2011 Placement of the Rural Bank of Norzagaray, Inc. Under
Receivership
M-2011-003
01.27.2011 MB Resolution No. 103 dated 27 January 2011 Placement of the Rural Bank of Zapote (Las Pinas), Inc.
Under Receivership
M-2011-002
01.13.2011 MB Resolution No. 34 dated 13 January 2011 - Placement
of the Ibalon Rural Bank (Tabaco, Albay), Inc., under
Receivership
M-2011-001
01.13.2011 MB Resolution No. 33 dated 13 January 2011 - Placement
of the Rural Bank of Baler (Aurora), Inc. under
Receivership
For complete details of the BSP Circulars/Memoranda, please refer to the Bangko
Sentral ng Pilipinas’ website (http://www.bsp.gov.ph).