Regulatory Alerts2025-12-15
Circular No. 226 Series of 2025: Amendments to Regulations on Disqualification of Directors and Officers
The Bangko Sentral ng Pilipinas issued Circular No. 226 to amend the disqualification provisions in the Manual of Regulations for Banks and Non-Bank Financial Institutions. The directive establishes a five-year temporary disqualification period commencing upon official notification, with automatic delisting contingent upon the absence of pending legal cases or ongoing fitness assessments. It further mandates that individuals with derogatory records may request delisting by providing proof of favorable judicial or regulatory decisions, while deceased persons are automatically delisted upon verification of death.
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