Implementation of the International Transactions Reporting System (ITRS)
018 MEMORANDUM NO. M-2026-___ To : ALL BANKS Subject : Implementation of the International Transactions Reporting System (ITRS) Further to BSP Memorandum No. M-2025-016 dated 15 May 2025,1 the timeline of the implementation of the ITRS is revised as follows: Schedule Activity Full Implementation Date 1 July 2027 ITRS Full Implementation for Rural and Digital banks 1 October 2027 ITRS Full Implementation for Universal, Commercial and Thrift banks This memorandum supersedes prior communications to banks on the schedule of the ITRS implementation. Furthermore, the FX Form 1/1A reports shall continue to be submitted regularly according to the existing policy, until otherwise advised by the Bangko Sentral ng Pilipinas. For ITRS queries and related concerns, kindly contact the Department of Economic Statistics (DES) at [email protected] or at (02) 87087692. For information and compliance. Digitally signed by Zeno Ronald R. Abenoja Date: 2026.05.07 18:15:40 +08'00' ZENO RONALD R. ABENOJA Deputy Governor 07 May 2026 1 https://www.bsp.gov.ph/Regulations/Issuances/2025/M-2025-016.pdf
More in BSP Memoranda
- To approve and confirm to prohibit the RURAL BANK OF VINZONS (CAM. NORTE), INC. from doing business in the Philippines(BSP Memoranda)
- Guidelines on the Electronic Submission of the Basel III Capital Adequacy Ratio (CAR) Report(BSP Memoranda No. M-2017-038)
- MB Resolution No. 177 dated 31 January 2013 : Memorandum to all Cooperative Banks on various cooperative banking issues/concerns discussed and clarified in the Cooperative Banks Federation of the Philippines (BangKOOP) meeting(BSP Memoranda No. M-2013-007)
- Regulatory Relief for Banks/Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBs) Affected by Tropical Storm "Seniang"(BSP Memoranda No. M-2015-009)
- MB Resolution No. 1636 dated 11 December 2008; Placement of the Rural Bank of Nueva Caceres (Naga City), Inc. Under Receivership(BSP Memoranda No. M-2008-042)
- Guidelines on the Temporary Measure Allowing Banks not Registered in the Philippine Payment and Settlement System Plus and/or the Integrated Currency Management System to Withdraw Currency Directly from the BSP during Calamity and Emergency Situations(BSP Memoranda No. M-2026-015)
- Amendments to the guidelines for the implementation of the Subsidiary Ledger (SL) Reporting System(BSP Memoranda)
- Reserve requirements of thrift banks and NBQBs(BSP Memoranda No. M01101994)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.