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
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