Regulatory Alerts2025-02-10
Publication and Submission of Statement of Condition and Balance Sheet for Non-Bank Financial Institutions
The Office of the Deputy Governor for Financial Supervision Sector issued Circular Letter CL-2025-007 requiring Non-Bank Financial Institutions with Quasi-Banking functions and Trust Corporations to publish their Statement of Condition or Balance Sheet as of 31 December 2024. Institutions must display these financial statements in a newspaper of general circulation within twenty working days of the circular's issuance. Furthermore, scanned PDF copies of the published documents along with the publisher's certificate must be submitted via email to designated addresses within five working days following publication.
Classification: GENERAL Page
OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER NO. CL-2025-__ To : All Non-Bank Financial Institutions with Quasi-Banking (NBQB) Functions and/or Trust Entity and Trust Corporations (TC) Subject : Publication/Posting of Statement of Condition and/or Consolidated Statement of Condition, and Balance Sheet Pursuant to Section 61 of Republic Act No. 8791, a call is hereby made for the publication/posting by your institution of its Statement of Condition (Head Office, branches and other offices) (SOC) side-by-side with its Consolidated SOC (parent institution and its subsidiaries and affiliates), or Balance Sheet (BS), as applicable, as of 31 December 2024, in accordance with Sections 172-Q, 144-N and 183-T of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) for quasibanks and trust entities, respectively. Such SOC and/or Consolidated SOC, or BS, where applicable, shall be published in a newspaper of general circulation in the city/province where the principal office is located, but if no newspaper is published in the same city/province, then in a newspaper published in Metro Manila or in the nearest city/province within twenty (20) working days from the date of this Circular Letter. The original and a copy of the SOC and/or Consolidated SOC, or BS, where applicable, shall be scanned and submitted in pdf format within twenty (20) working days from the date of this Circular Letter. Additionally, copies of SOC and/or Consolidated SOC, or BS, where applicable, as published, along with the publisher’s certificate shall also be scanned and submitted in pdf format within five (5) working days from the date of publication to the following email addresses in accordance with Memorandum Nos. M-2017-027 dated 11 September 2017 and M-2024-044 dated 20 December 2024, respectively. BSFI Type Email Address NBQB fssmail@bsp.gov.ph TC sdctc-pbs@bsp.gov.ph
CHUCHI G. FONACIER Deputy Governor 10 February 2025