Registration of foreign investments
Ban ibinas
InTErNATIONaL DEParTMEnt
CIRCULAR-LETTER Series of 2005
TO Brokers/Deaters Universai/Commercial Banks and Securities
dated 13 April 1993, as amernded by Item No. 3 of Circular No. 224 dated 26 January 2000, which reads a follows: This is to clarify the first seritence of Section 37 of Circular No. 1389
may be registered either with the BSp or with an investor's desgnated custodian bank on behalf of the BSP; all other investments under Section 35 and 36 shall be registered directly with the BSp." "Only foreign investrnents in listed securities as defined in Section 35
listed with the Philippine Stock Exchange (PSE) under said provisicn shall only apply to those purchased or acquired outside the trading floor of the PSE. The option to register with BSP ali foreign investments in securities
provision shall, therefore, be registered with a custodian bank All other foreign investments in PSE-listed securities under said
uea W. CELIA M. GONZAUE Managing Director
June 2005
Pananalaping Matatag, BanSang Panatag
A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph @ e-mail: [email protected]
More in BSP Circular Letters
- Revised Schedule of Briefings on the Anti-Money Laundering Law and Reporting Procedures(BSP Circular Letter No. CL-2006-034)
- Rural Bank of Baganga (Davao Oriental), Inc. - Change of Corporate Name(BSP Circular Letter No. CL-2009-077)
- Lost Bangko Sentral Registration Document (BSRD)(BSP Circular Letter No. CL11022005)
- Savings Consciousness Week(BSP Circular Letter No. CL-2010-034)
- Custodian fee to be collected for government securities held for safekeeping/custody under the Custodianship Facility(BSP Circular Letter No. CL06261995)
- Discontinuance by the SEC of the Issuance to Registrants of Endorsement Letters Requesting Comments and Recommendations from Appropriate Government Agencies on Applications for Registration of Corporations and Partnerships(BSP Circular Letter No. CL-2009-064)
- Cancellation of BSP Registration of NIKKO FOREIGN EXCHANGE to Operate as Remittance and Transfer Company with Money Changing/Foreign Exchange Dealing Activities(BSP Circular Letter No. CL-2024-027)
- Lost Bangko Sentral Registration Document (BSRD)(BSP Circular Letter No. CL-2019-075)
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.