QuestionsQuestions (KPL BUREAU ORDER NO. 6)
It prescribes the processing fee for the BSP’s New Bangko Sentral Registration Document (BSRD) form used in the registration of foreign portfolio investments, specifically setting the cost per BSRD form printed by the BSP.
Monetary Board Resolution No. 758 dated 11 May 2018.
A provision under Appendix 20 of the Manual of Regulations on Foreign Exchange Transactions is further revised.
The Manual was issued under BSP Circular No. 645 dated 13 February 2009, as amended.
PHP 100.00 per piece of the BSRD form printed by the BSP for use in the registration of foreign portfolio investments.
The registering banks (i.e., the banks purchasing the BSP-printed BSRD forms for registering foreign portfolio investments).
Payment may be made to the BSP-Cash Department in cash; or via Manager’s/Cashier’s Check payable to the BSP; or through debit of the bank’s regular demand deposit with the BSP.
The BSP-Cash Department.
It takes effect 15 calendar days after its publication either in the Official Gazette or in a newspaper of general circulation in the Philippines.
It supersedes/amends/modifies any inconsistent provisions of existing circulars, memoranda, and/or other regulations.
It falls under the category “Processing Fees on Foreign Exchange Transactions Payable to the BSP,” specifically addressing the cost of purchasing BSP-printed BSRD forms for foreign portfolio investments.
BSRD refers to Bangko Sentral Registration Document; the form is printed by the BSP for use by registering banks in registering foreign portfolio investments.
It was adopted on 31 May 2018 and filed on 08 June 2018.
Nestor A. Espenilla, Jr., BSP Governor.
Because the Circular’s effectivity is counted 15 calendar days after the date it is published in either the Official Gazette or a newspaper of general circulation.