Regulatory Alerts2024-10-10
M-2024-032: Cancelled and Replaced Bangko Sentral Registration Documents (BSRDs)
Bangko Sentral ng Pilipinas has updated the official registry of cancelled and replaced Bangko Sentral Registration Documents (BSRDs) as of the second quarter of 2024. The memorandum directs all Authorized Agent Banks and their foreign exchange subsidiaries to cease honoring these superseded documents for capital repatriation or earnings remittances, in strict compliance with Section 38 of the Foreign Exchange Manual. This action finalizes the cancellation of original and provisional BSRDs issued between April 2020 and December 2022 due to investment changes or transfers.
Share