Amendment of FCDU Operational Requirements

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BSP CIRCULAR NO. 582: Amendment of FCDU Operational Requirements

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Title Supreme Court: Amendment of FCDU Operational Requirements

Law: Bsp Circular No. 582

Decision Date: Sep 17, 2007

BSP Circular No. 582 amends the requirements for thrift banks and rural/cooperative banks to operate Foreign Currency Deposit Units (FCDUs), stipulating that the officer in charge must have either one year of relevant experience or specialized training accredited by the Bangko Sentral ng Pilipinas.

fcdu

thrift bank

rural bank

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