Regulatory Alerts2025-01-15
Circular No. 1207: Amendments to MORB and MORNBI on Bangko Sentral Issued Securities Eligible Counterparties
Bangko Sentral ng Pilipinas issued Circular No. 1207 to amend the Manual of Regulations for Banks and Non-Bank Financial Institutions regarding access to the Bangko Sentral Issued Securities market. The amendments explicitly authorize trust entities to participate as eligible counterparties, provided that only unit investment trust funds and investment management accounts may invest in these securities. This regulatory update aligns with Monetary Board Resolution No. 1486 and takes effect immediately upon publication in the Official Gazette or a newspaper of general circulation.
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