Amendment of SOC and SIE Submission Deadline

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BSP CIRCULAR NO. 821: Amendment of SOC and SIE Submission Deadline

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Title Supreme Court: Amendment of SOC and SIE Submission Deadline

Law: Bsp Circular No. 821

Decision Date: Jan 10, 2014

The Monetary Board has amended the submission deadline for pawnshops' Statement of Condition and Statement of Income and Expenses from January 31 to April 30 each year, effective 15 days after publication.

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Scope and Applicability

This amendment applies to all pawnshops regulated under the Manual of Regulations for Non-Bank Financial Institutions - Pawnshops (MORNBFI-P).
The amendment pertains to Appendix P-2 in relation to Section 4162P of the MORNBFI-P.

Authority and Approval

The amendment was approved by the Monetary Board through Resolution No. 1906 dated November 14, 2013.
The Monetary Board is the governing body responsible for such regulatory changes.

Effectivity of the Circular

The circular outlining the amendment takes effect fifteen (15) calendar days after its publication.
Publication must be made either in the Official Gazette or in a newspaper of general circulation.

Legal and Regulatory Context

The circular is issued by the Monetary Board and signed by the Governor, Amando M. Tetangco, Jr.
It forms part of the regulatory framework governing non-bank financial institutions, particularly pawnshops, to ensure timely financial reporting and compliance.

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