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LIST OF CIRCULARS ISSUED IN 2021
| Circular No. | Subject | MORB | MORNBFI | ||||
| Added | Amended | Deleted | Added | Amended | Deleted | ||
| 1108 26-Jan-21 |
Guidelines for Virtual Asset Service Providers (VASP) | Sec. 902-N N – Regulations – List of Appendices App. N-7 App. N-8 App. N-9 |
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| 1109 4-Feb-21 |
Amendments to the Regulations on Investment Management Activities | Sec. 415 App. 21 |
Sec. 415-Q App. Q-18 |
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| 1110 24-Feb-21 |
Rationalization of Prudential Reporting Requirements | App. 142 | App. 7 Sec. 346 |
App. Q-3 App. S-2 App. N-1 |
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| 1111 3-Mar-21 |
Amendments to the Rules and Regulations on the Mandatory Credit Allocation for Agricultural and Agrarian Reform Credit | Sec. 311 | |||||
| 1112 8-Apr-21 |
Amendments to Operational Risk Management and Internal Control Measures | Sec. 146 App. 117 |
Sec. 146-Q Sec. 125-N Sec. 125-T App. Q-72 |
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| 1113 16-Apr-21 |
Amendment to the Guidelines on Recovery Plan of a Domestic Systematically Important Bank (D-SIB) | Sec. 128 App. 110 |
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| 1114 16-Apr-21 |
Guidelines on Reputational Risk Management | Sec. 155 App. 146 |
Sec. 151-Q Sec. 148-S Sec. 145-P Sec. 128-T Sec. 129-N App. Q-89 |
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| 1115 23-Apr-21 |
Amendments to the Manual of Regulations for Non-Bank Financial Institutions on the Enhancement of Corporate Governance Guidelines for Non-Stock Savings and Loan Associations | App. S-19 | Sec. 131-S Sec. 132-S Sec. 133-S Sec. 134-S Sec. 135-S Sec. 136-S Sec. 142-S Sec. 153-S App. S-2 Sec. 151-S Chapter D (Corporate Governance) |
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| 1116 25-May-21 |
Amendments to the Manual of Regulations for Non-Bank Financial Institutions on the Enhancement of Corporate Governance Guidelines for Non-Stock Savings and Loan Associations | Sec. 145 App. 71 App. 72 App. 130 |
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| 1117 27-May-21 |
Implementation of Republic Act (R.A.) No. 11523, otherwise known as the “Financial Institutions Strategic Transfer (FIST) Act” | Sec. 386 App. 147 App. 148 |
App.7 | Sec. 363-Q Sec. 307-N Sec. 311-S Sec. 130-CC Sec. 322-P App. Q-93 App. N-26 App. S-20 App. P-19 App. CC-5 App. Q-94 App. N-27 |
App. Q-3 App. P-7 App. N-1 App. S-2 |
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| 1118 2-Jun-21 |
Amendments to the Regulations on the Engagement by Non-Stock Savings and Loan Associations of Individual Agents or Sales Representatives | Sec. 111-S Sec. 112-S |
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| 1119 7-Jun-21 |
Amendments to Derivatives Regulations of Banks, Quasi-Banks and Trust Corporations | Sec. 613 Sec. 622 Sec. 125 Sec. 625-A App. 27 App. 64 & Annex b |
Sec. 623-A Sec. 624-A Sec. 626-A App. 65 App. 104 |
Sec. 613-Q Sec. 302-T |
Sec. 621-Q Sec. 801-N |
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| 1120 7-Jun-21 |
Amendments to Regulations on the Open Foreign Exchange Position of Banks | Codified in the Manual of Regulations on Foreign Exchange Transactions | |||||
| 1121 8-Jun-21 |
Amendments to the Regulations on Securities Custodianship and Securities Registry Operations | Sec. 631 | Sec. 111
Sec. 242 |
App. 66 | Sec. 631-Q | Sec. 111-Q Sec. 101-N Sec. 1002-N Sec. 201-Q Sec. 101-Q Sec. 201-N App. Q-37 Sec. 304-T Sec. 414-Q App. Q-45 App. Q-38 |
App. Q-37 |
| 1122 17-Jun-21 |
Open Finance Framework | Sec. 154 | Sec. 152-Q Sec. 149-S Sec. 146-P Sec. 130-N Sec. 129-T Sec. 102-CC |
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| 1123 17-Jul-21 |
Amendments to Guidelines on Report on Intraday Liquidity of Universal and Commercial Banks (UBs/KBs) and their Subsidiary Banks/Quasi-Banks (QBs) | Sec. 145 App. 71 App. 7 |
Sec. 145-Q App. Q-43 App. Q-3 |
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| 1124 18-Aug-21 |
Amendments to the foreign exchange regulations | Codified in the Manual of Regulations on Foreign Exchange Transactions | |||||
| 1125 20-Aug-21 |
Revised Guidelines on the Imposition of Monetary Penalties on BSFIs, and/or their Directors/Trustees, Officers and/or Employees for Violations with Sanctions Falling under Section 37 of R.A. No. 7653 (The New Central Bank Act), as Amended | Sec. 004 | App. 24 Sec. 1102 |
Sec. 004-Q Sec. 004-S Sec. 003-P Sec. 003-N Sec. 004-T Sec. 001-CC App. S-18 App. P-15 App. N-20 App. T-6 App. CC-6 |
App. Q-26 Sec. 1102-Q Sec. 701-P Sec. 811-S Sec. 806-N Sec. 402-T Sec. 101-CC |
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| 1126 14-Sep-21 |
Adoption of the Principles for Financial Market Infrastructures | Codified in the Manual of Regulations for Payment Systems | |||||
| 1127 17-Sep-21 |
Governance Policy for Operators of Payment System | Codified in the Manual of Regulations for Payment Systems | |||||
| 1128 26-Oct-21 |
Environmental and Social Risk Management Framework | Sec. 153 | |||||
| 1129 12-Nov-21 |
Amendments to Corporate Governance Guidelines for BSP-Supervised Financial Institutions | Sec. 131 Sec. 132 Sec. 134 Sec. 137 Sec. 161 Sec. 346 Sec. 135 Sec. 374 App. 101 App. 7 |
Sec. 132-Q Sec. 135-Q Sec. 136-Q Sec. 112-N Sec. 120-T Sec. 161-Q App. Q-58 |
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| 1130 23-Nov-21 |
Expansion of Eligible Participants for Monetary Operations and for BSP Securities in the Secondary Market | Sec. 601 App. 82 |
Sec. 361-Q Sec. 601-Q App. Q-48 |
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| 1131 13-Dec-21 |
Comprehensive Credit and Equity Exposures (COCREE) Report | Sec. 173 App. 7 |
Sec. 172-Q App. Q-3 App. T-3 |
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| 1132 14-Dec-21 |
Amendments in the Operations of the Bangko Sentral’s Rediscounting Line (RL) and Overdraft Credit Line (OCL) by Banking Institutions | Sec. 281 Sec. 282 Sec. 802 App. 25 |
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| 1133 22-Dec-21 |
Ceiling/s on Interest Rates and Other Fees Charged by Lending Companies (LCs), Financing Companies (FCs), and their Online Lending Platforms (OLPs) | Issuance does not affect provisions of the MORB/MORNBFI and other BSP Manuals. | |||||
| 1134 28-Dec-21 |
Amendments to the Relevant Regulations on Foreign Currency Deposit System – Phase 2 | Sec. 101 Sec. 111 |
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