Fees for BSP Registration and BSRD Replacement

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BSP CIRCULAR LETTER: Fees for BSP Registration and BSRD Replacement

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Title Source: Supreme Court: Fees for BSP Registration and BSRD Replacement

Law: Bsp Circular Letter

Decision Date: Apr 10, 2000

The Bangko Sentral ng Pilipinas establishes a fee structure for the new Bangko Sentral Registration Document (BSRD) form, charging PHP 50 for new registrations and PHP 2,000 for replacements, effective April 3, 2000.

Law Summary

Replacement Fee for Lost BSRD

A fee of PHP2,000.00 will be imposed for the replacement of a lost BSRD form.
The replacement charge is intended to cover the administrative costs incurred by the BSP.

Payment Procedures

Registered custodian banks will pay the fees through a debit from their regular demand deposit accounts maintained with the BSP.
Foreign investors who register directly with the BSP must pay fees in cash or via a manager's or cashier's check.
Payments for direct foreign investors are made to the BSP-Cash Department through the International Operations Department (IOD).

Release Conditions for BSRD Forms

The BSP will only release the new BSRD form after the IOD has received payment.
Payments accepted include cash, manager's/cashier's checks from foreign investors, or debit authorization from custodian banks.

Administrative Authority

The directive is based on Monetary Board Resolution No. 522 dated March 31, 2000.
The policy was formally adopted on 10 April 2000, endorsed by the Director of the BSP-International Operations Department, Celia M. Gonzalez.

END