BSRD Form Fee for Foreign Portfolio Investment

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CIRCULAR NO. 1005: BSRD Form Fee for Foreign Portfolio Investment

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Title Supreme Court: BSRD Form Fee for Foreign Portfolio Investment

Law: Circular No. 1005

Decision Date: Jun 8, 2018

The Bangko Sentral ng Pilipinas introduces a revised Bangko Sentral Registration Document (BSRD) form for foreign portfolio investments, establishing a processing fee of PHP 100.00 and superseding previous regulations effective 15 days post-publication.

foreign investment

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Covered transaction and BSRD form fee

Circular No. 1005 governs the purchase of the Bangko Sentral Registration Document (BSRD) form for foreign portfolio investment by registering banks.
The fee is PHP 100.00/piece of the BSRD form printed by the BSP for use in the registration of foreign portfolio investments.
The fee is charged under the BSP schedule of processing fees on foreign exchange transactions payable to the BSP.

Payment methods to BSP

Payments must be made to the BSP-Cash Department.
Payments may be made in cash.
Payments may be made through a Manager’s/Cashier’s Check payable to the BSP.
Payments may be made through debit of the bank’s regular demand deposit with the BSP.

Repeal, modification, and publication effectivity

Circular No. 1005 supersedes/amends/modifies provisions of existing circulars, memoranda, and/or other regulations that are inconsistent with it.
Circular No. 1005 takes effect 15 calendar days after its publication.
Publication must be made either in the Official Gazette or in a newspaper of general circulation in the Philippines.
The effective-date rule applies to Circular No. 1005 as a whole.

END