Amendment to Section 89 of the Manual of Regulations on Foreign Exchange Transactions
CIRCULAR NO. 690 Series of 2010
Subject: Amendment to Section 89 of the Manual of Regulations on Foreign Exchange Transactions
The Monetary Board in its Resolution No. 772 dated 4 June 2010, approved the amendment to Section 89 of the Manual of Regulations on Foreign Exchange Transactions (MORFXT) which shall now read as follows: “Section 89. Definition of Terms
‘Customers’ shall refer to: (a) resident banks other than UBs, KBs, and other banks with Type 3 (limited user) derivatives authority, as well as resident non-bank entities; and (b) non-residents, both banks and non-banks.
x x x”
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:
AMANDO M. TETANGCO, JR. Governor
同类文件 BSP Circulars
- To reduce the ratio of liquidity reserves for all financial intermediaries(BSP Circular No. 144)
- Guidelines in the establishment of a foreign subsidiary by a bank subsidiary(BSP Circular No. 384)
- Amendments to Part Two, Chapter I of Circular 1389 dated April 13, 1993(BSP Circular No. 1393)
- To authorize the issuance of cashier's manager's or certified checks or other similar instruments exception from the provisions of Circular No. 259(BSP Circular No. 291)
- Amendments to the Manual of Regulations for Payment Systems (MORPS) to Incorporate the National Retail Payment System (NRPS) Framework(BSP Circular No. 1161)
- To reduce the amount of Forex which authorized agent banks may sell to residents for any non-trade purpose(BSP Circular No. 287)
- Adoption of a National Quick Response (QR) Code Standard (Corrected Copy)(BSP Circular No. 1055)
- Valid Identification Cards (IDs) for Financial Transactions(BSP Circular No. 608)
想要这份文件的分析？
让 ASG 法律 AI 为你总结、与其他判例对比，或说明它如何适用于你的情形 — 它检索的正是同一个数据库。