national_administrative_register

BSP CIRCULAR LETTER, October 14, 2003

[ BSP CIRCULAR LETTER, October 14, 2003 ]

25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES

The Monetary Board, in its Resolution No. 1439 dated 2 October 2003, approved the setting aside of the 25% fee-based income requirement for investment houses. For information.

Adopted: 14 Oct. 2003

(SGD.) ALBERTO V. REYES Deputy Governor

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