Deferment of Weekly Submission of FX Form 1 Report and Rescheduling of the Implementation of the International Transactions Reporting System (ITRS) for Banks
OFFICE OF THE DEPUTY GOVERNOR MONETARY AND ECONOMICS SECTOR MEMORANDUM NO. M-2020-012 To : ALL UNIVERSAL/COMMERCIAL BANKS AND THRIFT BANKS Subject: Deferment of Weekly Submission of FX Form 1 Report and Rescheduling of the Implementation of the International Transactions Reporting System (ITRS) for Banks With reference to the Memorandum of the Executive Secretary dated 16 March 2020, concerning the implementation of the Enhanced Community Quarantine over the entire Luzon area, please be informed that the submission of the FX Form 1 Reports, covering the period 09 March to 09 April 2020, shall be deferred until further notice. Further, the implementation of the ITRS on 1 April 2020, including the submission of the ITRS test data, shall be rescheduled to a later date. For information. FRANCISCO G. DAKILA, JR. Deputy Governor 19 March 2020 A.Mabini St., Malate 1004 Manila, Philippines (632) 708-7701www.bsp.gov.ph[email protected]
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