BSP Circulars BSP Circular No. 481BSP Circular No. 481 2005-03-21T00:00:00.000+08:00
Implementation of the P650 million capital requirement for non-bank financial institutions authorized to engage in quasi-banking functions
CIRCULAR NO. 481 Series of 2005
Pursuant to Monetary Board Resolution No. 227, dated 17 February 2005, implementation of the P650 million minimum capital requirement for non-bank financial institutions authorized to engage in quasi-banking functions under Circular No. 459 is deferred until policy guidelines are adopted, in accordance with the study/discussion being conducted by the Supervisory Policy Development and Data Center
FOR THE MONETARY BOARD:
RAFAEL B. BUENAVENTURA Governor
More in BSP Circulars
- To reduce the reserve requirement by three percentage points on all types of deposits and deposit substitutes of KBs and NBQBs functions and certain types of deposits and deposit substitutes of TBs and RBs(BSP Circular No. 38)
- Amending Mircofinance Reports, and Redefining "Microfinance Loans" and "Small and Medium Enterprises Loans" accounts in the Financial Reporting Package (FRP)(BSP Circular No. 836)
- Guidelines on Salary-Based General Purpose Consumption Loans(BSP Circular No. 886)
- To amend the ratio of liquidity reserves for all financial intermediaries(BSP Circular No. 136)
- Amendment to Subsection X341.4.a (1) of the Manual of Regulations for Banks(BSP Circular No. 315)
- Amendements to provisions of the Manual Regulations for Banks and Other Financial Intermediaries (Books I to IV)(BSP Circular No. 164)
- Guidelines on Investment Activities of BSP-Supervised Financial Institutions (BSFIs)(BSP Circular No. 1042)
- Temporary window for registration of private sector foreign loans/borrowings(BSP Circular No. 985)
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.