Registration requirement for each FXD/MC and RAs
CIRCULAR LETTER Series of 200
TO : All Foreign Exchange Dealers (FXDs)/Money Changers (MCs) and Remittance Agents (RAs)
Subject : Registration requirement for each FXD/MC and RAs
The Monetary Board, in its Resolution No. 828 dated 23 June 2005, authorized the Bangko Sentral ng Pilipinas (BSP) to charge P1,000 processing fee for each head office, branch, agent, sub-agent, extension office or business outlet of FXDs/MCs and RAs that registers under Circular No. 471 dated 24 January 2005.
The deadline for the registration of each head office, branch, agent, sub-agent, extension office of business outlet of FXDs/MCs and RAs is on 15 August 2005.
For information and guidance.
NESTOR A. ESPENILLA, JR. Deputy Governor
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