Regulatory Alerts2024-04-11
Circular No. 1192: Amendments to Foreign Exchange Regulations Covering Foreign Investments
The Bangko Sentral ng Pilipinas issued Circular No. 1192 to amend the Manual of Regulations on Foreign Exchange Transactions, specifically updating rules for inward foreign investments and related reporting. The circular revises registration procedures, allowing certain investments to be registered through Authorized Agent Banks and streamlining the issuance of Bangko Sentral Registration Documents. It also establishes new reportorial requirements and a transitory provision for banks to transition to revised forms by October 2024.
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