Amendments to Circular No. 512 on the Financial Reporting Package
CIRCULAR NO. 568 Series of 2007
Subject : Amendments to Circular No. 512 on the Financial Reporting Package
The Monetary Board in its Resolution No. 442 dated 20 April 2007 approved the amendments to the Financial Reporting Package (FRP) issued under Circular No. 512 dated 3 February 2006, the salient features of which are as follows:
a. Refinements of the definition of accounts and line item instructions; b. Additional supplemental information; and c. Blocking and unblocking of the reporting template
Accordingly, the live implementation of the FRP shall take effect starting with the month-end/quarter-end September 2007 reports. The parallel run, on the other hand, shall be extended up to quarter-end June 2007 reports. Revised timelines on the submission of the FRP during the parallel run period shall be covered by a separate issuance.
This Circular shall take effect fifteen (15) calendar days after its publication either in the Official Gazette or in a newspaper of general circulation.
FOR THE MONETARY BOARD:
NESTOR A. ESPENILLA, JR. Officer-in-Charge
More in BSP Circulars
- Guidelines on Correspondent Banking Relationships(BSP Circular No. 1078)
- Amendment to the Exporters Dollar Facility (EDF) under BSP Circular No. 68 dated 12 April 1995(BSP Circular No. 199)
- Amended Rules and Regulations on Interlocking Directorships and/or Officerships(BSP Circular No. 592)
- Amendment to Rules on Export Retention(BSP Circular No. 1334)
- Remittance/temporary deposit of cash dividends(BSP Circular No. 1358)
- Amendments to Regulations on Definition of Financial Intermediaries, Issuance of Bonds and Commercial Papers, and Borrowings from Banks, Quasi-Banks and Other Financial Intermediaries(BSP Circular No. 1224)
- Amendment of the Risk-Based Capital Adequacy Framework for Banks/Quasi-Banks on the Definition of Qualifying Capital Instruments(BSP Circular No. 709)
- Amendment of the Requirements on the Declaration of Dividends(BSP Circular No. 571)
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.