Regulatory Alerts2024-03-26
CL-2024-016: UnionBank Investment Management and Trust Corporation Establishment and Commencement of Operations
The Bangko Sentral ng Pilipinas issued this circular to announce the establishment and commencement of operations of UnionBank Investment Management and Trust Corporation. The Monetary Board approved the spin-off of the trust group from Union Bank of the Philippines in March 2023, leading to the entity's registration with the Securities and Exchange Commission in October 2023. UBIMTC officially began operations on 1 March 2024 following the issuance of its Certificate of Authority by the central bank in November 2023.
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