BSP Circular 645 - FX Reform Rules

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BSP CIRCULAR NO. 645, S. OF 2009: BSP Circular 645 - FX Reform Rules

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Title Source: Supreme Court: BSP Circular 645 - FX Reform Rules

Law: Bsp Circular No. 645, S. Of 2009

Decision Date: Feb 13, 2009

BSP Circular No. 645, issued on February 13, 2009, implements significant reforms to liberalize the foreign exchange regulatory framework, including new rules for foreign loan approvals, registration of foreign investments, and increased penalties for late reporting, while consolidating existing regulations into a comprehensive manual.

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