Guidelines on the Submission of Forms on Unit Investment Trust Funds (UITFs)

OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 050 MEMORANDUM NO. 2022-___ To : All Trust Entities Subject : Guidelines on the Submission of Forms on Unit Investment Trust Funds (UITFs) Pursuant to Circular No. 1152 dated 5 September 2022 which requires the submission of duly accomplished forms on applications for the creation of UITFs and the amendment/s of key features of a fund, trust entities (TEs) shall observe the submission guidelines set out in this Memorandum. Further, the data entry template (DET) for existing UITFs is introduced in this memorandum to provide the BSP consolidated information on the features of all UITFs available in the market. The duly accomplished DET for existing UITFs shall likewise be submitted in accordance with these guidelines. A. Submission Guidelines 1. The DET on the Application to Create a UITF under Appendix 137/Q-90 of the Manual of Regulations for Banks (MORB)/Manual of Regulations for Non-Bank Financial Institutions (MORNBFI), shall be duly accomplished for each UITF that will be created. Meanwhile, the DET on the Amendment/s of a UITF under Appendix 138/Q-91 of the MORB/MORNBFI shall be duly accomplished for each UITF that had amendments to the fund features that are enumerated under Section 414/414-Q of the MORB/MORNBFI. 2. For UITFs that were approved prior to the effectivity of Circular No. 1152, TEs shall likewise summarize the features of the UITFs using the prescribed DET on Existing UITFs. The duly accomplished DET on Existing UITFs shall be submitted to the BSP on or before 15 December 2022. 3. Electronic copies of the DET can be downloaded from: www.bsp.gov.ph/ses/reporting_templates under the “Templates on UITFs” section or directly requested from the Capital Markets and Trust Supervision Department (CATSD) through electronic mail ([email protected]). When requesting for the DETs, TEs shall use the following prescribed format for the subject line of the email, [Request for Templates on UITFs]. 4. The duly accomplished DET on the Application to Create a UITF or Amendment/s of a UITF, as applicable, shall be submitted through electronic mail to catsd- [email protected] using an e-mail address that is officially registered with the BSP’s Department of Supervisory Analytics (formerly Supervisory Data Center). Further, the applicable DET shall be submitted on the day that the application or notification for the creation or amendment of a UITF is submitted to the BSP. In Classification: GENERAL Page

accordance with BSP Memorandum No. M-2017-028 dated 11 September 2017, the BSP shall only accept submissions made through the supervised entity’s registered e-mail address/es. Submissions using registered e-mail accounts are considered as the official submissions of the TE. The prescribed formats for the subjects of the emails are as follows: For the creation of a UITF: Creation <space> of <space> <Name of the UITF> For example, To : [email protected] Subject : Creation of ABC Equity Fund For the amendment/s to a UITF: Amendment/s <space> of <space> <Name of the UITF> For example, To : [email protected] Subject : Amendment/s of ABC Equity Fund For existing UITFs: Existing <space> UITFs <space> of <space> <Name of TE> For example, To : [email protected] Subject : Existing UITFs of ABCTC The sole attachment to the e-mail shall be the applicable DET with the following prescribed file naming convention and format: Templates on UITFs File File Name (per BSP website) Format Creation UITF Creation <space> of .xls <space> <Name of the UITF> Amendment UITF Amendment/s <space> of .xls <space> <Name of the UITF> Existing UITF Existing <space> UITFs <space> of .xls <space> <Name of TE> 5. TEs that are unable to electronically transmit the DET may save the file to any portable storage device (e.g., USB flash drive) and transmit the same through messengerial or postal services. Printed copies of the DET shall not be accepted. The submission shall be addressed to:

The Director Capital Markets and Trust Supervision Department Bangko Sentral ng Pilipinas 11th Floor, Multi-Storey Building BSP Complex, A. Mabini Street, Malate 1004 Manila 6. Submissions of DETs on the Application to Create a UITF and Amendment/s of a UITF that do not conform with the prescribed guidelines shall not be accepted. In such cases, the application for/notification on the creation of a UITF or notification on the amendment/s to a UITF, as applicable, shall be returned to the TE due to non-submission of the required forms on UITFs. B. Important Reminders Any of the following shall result in a failed submission: a. Failure to submit via an officially registered e-mail address; b. Failure to use the prescribed templates; c. Failure to use the prescribed subject line; d. Failure to include the applicable form as attachment to the email; e. Failure to adopt the prescribed file name and file format; or f. Submission to an e-mail address other than the prescribed address. For guidance and immediate compliance. Digitally signed by Chuchi G. Fonacier Date: 2022.11.29 09:35:52 +08'00' CHUCHI G. FONACIER Deputy Governor 29 November 2022 ___

ANNEX A Appendix 137/Q-90 [NAME OF TRUST ENTITY] Application for the Creation of a Unit Investment Trust Fund Fund Name: For Approval For Notification Date of approval of the trust entity (TE)’s BOD: [DD Month YYYY] For a UITF subject to notification, the date of the relevant prior Bangko Sentral approval: [DD Month YYYY] I. Provide an explanation on the alignment of the proposed UITF with the trust entity’s business model and strategic direction. II. Provide the key features of the fund: Details Remarks Features (Please indicate “N/A” for fields that are not applicable) (To be filled out by the Bangko Sentral) 1 Fund classification 2 Fund structure 3 Risk profile of target investors 4 Recommended investment horizon 5 Investment objective 6 Investment policy/strategy 7 Benchmark 8 Target asset allocation 9 Intended weighted average portfolio life or the relevant measure of duration/tenor of the target fund/s 10 Use of derivatives, if any 11 Minimum initial participation Minimum maintaining participation Minimum additional participation 12 Settlement period for subscription 13 Base currency for subscription and redemption (For a multi-class fund, fill in Item 36a) 14 Currency of underlying investments 15 Minimum holding period 16 Minimum redemption amount 17 Redemption notice period 18 Redemption Settlement period 19 Early redemption fee, if any 20 Trust fee 21 Custodianship fee 22 External Auditor’s fee 23 Other fees, if any 24 Custodian 25 External Auditor 26 Other entity/ies involved in the administration/management of the fund 27 Outsourced functions Additional Information for Fund-of-Funds and Feeder Funds: 28 Target fund/s 29 Investment manager/s of the target fund/s 29a Relationship of the TE to the Investment Manager/s of the target fund/s 30 Description of the target fund/s 31 Investment objective/s of the target fund/s 32 Investment policy or strategy of the target fund/s 33 Use of derivatives by the target fund/s 34 Regulator/s of the target fund/s 35 Fee structure of the target fund/s Additional information for Multi-class Funds: 36 Names of unit classes 36a Base currency for each unit class 37 Fees for each unit class 38 Participants for each unit class 39 Allocation of common costs among the classes 40 Other differentiating features for each unit class Additional information for Distributing Classes/Funds: 41 Sources of income for distribution 42 Intended frequency of distribution of unit income 43 Computation of Unit Income 44 Minimum amount, if any, for cash crediting/reinvestment of unit income 45 Other terms and conditions for the distribution of unit income List of documents submitted to the Bangko Sentral: a. b. c. Certified correct: <Name of Trust Officer> Date of Filing of Application for Approval/Notice to the BSP

ANNEX B Appendix 138/Q-91 [NAME OF TRUST ENTITY] Amendment/s to a UITF Fund Name: Date of approval of the trust entity (TE)’s BOD: [DD Month YYYY] Date of launch of the UITF: [DD Month YYYY] From To Remarks Features Reason/s for the Amendment/s (Please indicate “N/A” for not applicable fields) (To be filled out by the Bangko Sentral) 1 Investment objective 2 Investment policy 3 Investment strategy 4 Risk profile of target investors 5 Benchmark 6 Target investors of a multi-class fund 7 Target fund/s of a feeder fund or a fund-of-funds 8 Income distribution policy of a distributing fund 9 Basis of the Net Asset Value per unit (NAVpu) computation 10 Fees and other charges to the fund 11 Custodian 12 Investment manager List of documents submitted to the Bangko Sentral: a. b. c. Certified correct: <Name of Trust Officer> Date of Notice to the BSP

ANNEX C [NAME OF TRUST ENTITY] Key Features of Existing Unit Investment Trust Funds (UITFs) Please add columns, if necessary. Features [FUND NAME] [FUND NAME] (Please indicate “N/A” for fields that are not applicable) (Please indicate “N/A” for fields that are not applicable) 1 Date of BSP's approval to create the fund 2 Date Launched 3 Fund classification 4 Fund structure 5 Risk profile of target investors 6 Recommended investment horizon 7 Investment objective 8 Investment policy/strategy 9 Benchmark 10 Target Asset allocation 11 Intended weighted average portfolio life or the relevant measure of duration/tenor of the target fund/s 12 Use of derivatives, if any 13 Minimum initial participation Minimum maintaining participation Minimum additional participation 14 Settlement period for subscription 15 Base currency for subscription and redemption (For a multi-class fund, fill in Item 38a) 16 Currency of underlying investments 17 Minimum holding period 18 Minimum redemption amount 19 Redemption notice period 20 Redemption settlement period 21 Early redemption fee, if any 22 Trust fee 23 Custodianship fee 24 External Auditor’s fee 25 Other fees, if any 26 Custodian 27 External Auditor 28 Other entity/ies involved in the administration/management of the fund 29 Outsourced functions Additional Information for Fund-of-Funds and Feeder Funds: 30 Target fund/s 31 Investment manager/s of the target fund/s 31a Relationship of the TE to the investment manager/s of the target fund/s 32 Description of the target fund/s 33 Investment objective/s of the target fund/s 34 Investment policy or strategy of the target fund/s 35 Use of derivatives by the target fund/s 36 Regulator/s of the target fund/s 37 Fee structure of the target fund/s Additional information for Multi-class Funds: 38 Names of unit classes 38a Base currency for each unit class 39 Fees for each unit class 40 Participants for each unit class 41 Allocation of common costs among the classes 42 Other differentiating features for each unit class Additional information for Distributing Classes/Funds: 43 Sources of income for distribution 44 Intended frequency of distribution of unit income 45 Computation of Unit Income 46 Minimum amount, if any, for cash crediting/reinvestment of unit income 47 Other terms and conditions for the distribution of unit income Certified correct: <Name of Trust Officer> Date Filled Out