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BSP CIRCULAR LETTER, September 14, 2000

[ BSP CIRCULAR LETTER, September 14, 2000 ]

SUSPENSION OF THE 25% FEE-BASED INCOME REQUIREMENT FOR INVESTMENT HOUSES

The Monetary Board, in its Resolution No. 1416 dated 18 August 2000, decided to continue the suspension of the 25% fee-based income requirement for investment houses up to year-end 2000.

Adopted: 14 September 2000

(SGD.) ALBERTO V. REYES

Deputy Governor

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