Regulatory Alerts2025-10-17
Circular No. 1220: Amendments to Regulations on Access to Bangko Sentral Securities of Unit Investment Trust Funds
The Bangko Sentral ng Pilipinas issued Circular No. 1220 to amend regulations governing access to Bangko Sentral securities for Unit Investment Trust Funds. The amendments exempt Personal Equity and Retirement Account (PERA) UITFs from the prohibition and 10% non-resident asset limit that apply to other UITFs with non-resident participants. This change aligns regulatory requirements with the distinct policy objectives of the PERA program, which includes Overseas Filipinos who may be classified as non-residents.
Share