Regulatory Alerts2025-01-21
NBFIRA Proposed Supervisory Levies and Licensing Fees 2022
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) proposes maintaining current supervisory levies and licensing fees for the financial year ending 31 March 2022 to mitigate ongoing COVID-19 economic pressures. The Authority will conduct electronic consultations with industry stakeholders instead of physical meetings, inviting feedback on the detailed fee schedules for asset managers, insurance entities, micro lenders, and other regulated institutions. Submitted under Section 23 of the NBFIRA Act, these finalized recommendations will be forwarded to the Honourable Minister for approval alongside a proposed budget projecting an operational deficit of approximately P2.9 million.
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