Regulatory Alerts2026-01-23
Structural Redesign of the Manual of Regulations for Banks and Updated Financial Reporting Package
The Bangko Sentral ng Pilipinas issued Circular Letter CL-2026-___ to implement a structural redesign of the Manual of Regulations for Banks and the Manual of Regulations for Non-Bank Financial Institutions into a modular format. Phase 1 of this initiative makes the updated Manual of Regulations for Banks as of 31 December 2023 available in the new structure, while the corresponding manual for non-bank institutions remains in its legacy format pending Phase 2. The circular also introduces the Financial Reporting Package – Manual of Accounts as of 31 December 2025, which consolidates all updates to account titles, classifications, and definitions from June 2019 through December 2025.
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