Pursuant to Monetary Board Resolution No. 758 dated 11 May 2018, the following provision under Appendix 20 of the Manual of Regulations on Foreign Exchange Transactions (issued under Circular No. 645 dated 13 February 2009, as amended) is further revised to read as follows:

œProcessing Fees on Foreign Exchange Transactions Payable to the Bangko Sentral ng Pilipinas (BSP)

 

Purchase of Bangko Sentral Registration Document (BSRD) for foreign portfolio investment by the registering banks

PHP100.00/piece of the BSRD form printed by the BSP to be used in the registration of foreign portfolio investments

Payments shall be made to the BSP-Cash Department in cash, or Manager ™s/ Cashier ™s Check  payable to the BSP, or through debit of the bank ™s regular demand deposit with the BSP

xxx 

Repealing Clause. This Circular supersedes/amends/modifies the provisions of existing circulars, memoranda and/or other regulations that are inconsistent herewith.

Effectivity.  This  Circular  shall  take  effect  15  calendar  days  after  its publication either in the Official Gazette or in a newspaper of general circulation in the Philippines.